Topic: iBelink DM11G - Group Buy - Cancelled - page 6. (Read 5737 times)

Done

This process sounds reasonable.  Please put me down for 1.

That is a Manufacturer Deadline.  I have not control over it.  IOTUSA is one of the people in our group so he knows all the details.

Lol We will have some funny video footage to show you kilo.

btw our order actually has enough numbers to fill the order:
https://bitcointalk.org/index.php?topic=1897027.new#new

goodluck Kilo

Thanks for this info

From what I know the manufacturer is ready to start the production of units and have given any Batch 1 customers a deadline to show up in Beijing in person and sign contracts.

Can you elaborate on why the Friday deadline?

Why are these purchasing contracts for these so short on time?

It would be 100% to escrow and then escrow would send the other 50% at shipping time.  That avoids trying to collect money from 50+ people 2-3 months from now.  It would suck if the miners are ready and a bunch of people have not paid the second portion.

Would be interested in 1, how come it is 100% and not 50% deposit?

RESERVED

--Our Group - 50 units
--Longsnowsm - 1 Unit
--johnny5  - 3 units
-- usao - 1 unit
-- adnanelgalla - 3 units
-- Tai_Pan - 1 unit
-- joarcofa - 1 unit
-- newtybar - 1 unit
-- Truthchanter - 1 unit

Obviously I have issues with the other group buy and so do my friends that were involved with them as well.  I will lay this out very simple.

I have a contract to purchase 100 units and our group was at 80 units.  We have changed our mind about taking the entire risk with $500,000.

If the community wants to purchase 50+ units then we will proceed with the order and purchase the other 50 units.  Here is what would be needed for that to happen.

1 - Someone like philipma1957 would need to be involved as escrow.

2 - Escrow would need to have the entire amount for 50+ units in his hand by Friday.  

3 - Escrow would be sending the money directly to the manufacturer.  50% on Friday and the balance when the miners are going to ship.

4 - The cost per unit would be $5700.  That breaks down to $5000/unit.  $300 to cover shipping to the USA and from our data center to the buyer.  $300 for us for our time and $100 for escrow.

5 - The units would be shipped to our data center and then shipped out within 48 hours of arrival.  Any shipping costs above $300 would be paid by the buyer BEFORE shipping.

6 - We would not be held responsible for the units until they arrive to us from the manufacturer.

7 - Names and addresses would need to be in BOTH my hands and escrows hands when payment is made.  

NO EXCEPTIONS TO THE ABOVE - I do not want to be involved in the handling of the money.  There is always potential for things to not work out with the manufacturer like delays, inability to produce the item etc.  Neither escrow or our group are responsible for that, the buyer will assume ALL of those risks.

I think that covers it.   If 50+ units are not 100% paid for by Friday the deal will be canceled and money refunded to the buyers.

Our group is 5 guys and if someone from our group backs out then it is possible the deal would not go through as well.  Although unlikely.

Edited to add the following:
Wire transfer to escrow would be the most appropriate to avoid any problems with exchange rates on bitcoin, dash etc

- We could potentially do bitcoin but we would need an agreement of sorts with escrow

Edited again to add the following:
I WILL NOT BE COLLECTING ANY MONEY AT ANYTIME.  ANYONE ASKING FOR MONEY OR BITCOIN IS A SCAMMER