Topic: New Official AMT Thread - page 70. (Read 149472 times)

Sirminesalot - Does not mine a lot.

Unless you are going to share what was discussed with Josh on the phone, you are of no help. I'm sorry that you are so dense to see that since the beginning, Josh has been cherry picking people to talk to about his "plans to turn things around", instead of addressing all of the investors at once. Anyone who spent a dime with AMT, negative or not - deserves to be informed on what the plan to fix this shitstorm. I'm happy for you that Josh made you an AMT believer with his phone call to you, but most of us others left out in the dark aren't convinced.

Joshua plays favorites with users on this board, anyone that has something positive to say about AMT gets an update. Very similar to his "Anti-troll discount offer" at the beginning, real companies DO NOT conduct business this way.

Here's a question, maybe you can enlighten us. Josh GAVE away a free miner to Bruno for making the trip down to AMT HQ. Do you find that to be reasonable? Who paid for that miner??? What funds were used to build that miner??? Do you think it's OK for AMT to be giving away product for free, to get a positive review out of it?

I was ripping into AMT's bullshit business practices long before you showed up, and will continue to do so. The fact that Joshua Zipkin has become synonymous with FRAUD @ Google, makes it all the more sweeter. He will have a hard time trying to con potential investors in the future.


------HOPE YOU HAVE ALL DAY TO DELETE THESE POSTS JOSHY BOY--------

Go with that Carlos, hopefully it gets you somewhere. Wish you all the best of luck bud.

Wouldn't recommend that, but its your call.

As I understand it,  cost for IMET are just the components minus the A1 asic chips.  If that is the case and assuming they work as IMET has claimed, then it is certainly a deal.   

ORDER THAT UPON CONSIDERATION OF DEFENDANTS' MOTION FOR EXTENSION OF TIME TO RESPOND TO COMPLAINT 9 , IT IS HEREBY ORDERED THAT THE MOTION IS GRANTED. IT IS FURTHER ORDERED THAT, ON OR BEFORE 6/16/2014, DEFENDANTS SHALL ANSWER OR OTHERWISE RESPOND TO PLAINTIFFS' COMPLAINT 1 AND PLAINTIFFS' MOTION TO CERTIFY CLASS 3 . SIGNED BY HONORABLE LEGROME D. DAVIS ON 4/30/14.4/30/14 ENTERED AND COPIES E-MAILED.(ti, ) (Entered: 04/30/2014)

That actually might not be a terrible idea if we know the stuff works. The problem is its more money to piss away.....ROI and all that as has been stated. But not a terrible idea. Last resort situation....

Call IMET and ask to buy some boards for cost. IMET might love to get some money out of this disaster.

Riddle me this....why can't you pick up a phone and call chimcles for that answer? Trying not to be snarky here, but I actually called them and got middle of the month as a response, due diligence. As for the response they are being told by their legal team most likley to stay off the forums as much as possible. Standard practice in any case like this for the defense is to do everything possible to avoid self-incrimination. And even commenting on that would be something. They have tried to explain as much as possible. I am still pissed over the situation, but I am looking at ways to turn lemons into lemonade here not just for me but for everyone who got screwed...

Honestly you could also email them and see if you get a reply since they said they would reply in emails....its unrealistic to expect them to open up about a legal matter on an open forum. They are walking on eggshells but at the same time trying to maintain communication with us. A bad situation to be in.

Fair enough. I didn't if it was even actually granted class action status? If not then then AMT should be able to deal with us directly because the lawyers would only be representing three people.

Actually not even sure where that date came from. Its the 16th. You should be able to call chimcles and confirm. They told me generally middle of the month. The 16th seems more in line with that. Someone else might want to call and confirm that though.

I'm actually very surprised they didn't move to freeze their assets. Or maybe they tried to initially and someone showed leniency, maybe this will have to be answered for by the 10th.

To be fair hardware is not a speculative investment. Its nice to throw buzzwords around, but realize what you are saying. They had modest success with their previous technobit implementation....when they moved to the bitmine designs is when the mess really started.

The customer relations aspect I have to agree though does need alot of work. I have been at least advising there to try to make sure the right things are said (not lies just diplomacy) I think I have more than demonstrated I am capable of that in written form at least.

But AMT is at least trying to keep things going. Other guys are folding hard. Alot of people seem hellbent on wanting them to fail now that they are trying to pick themselves up. It actually is worse off for us if they fold...sure we get hardware but likley the bare minimum to satisfy the court....and then they fold. It's already been established that they are not accepting new sales...which means no new money. Which means they just wont have the resources to compensate us even if that compensation is deferred (which financially and logistically is more realistic than expecting an immediate drop of FULL compensation....partial to start with would be realistic) this is my take on it and how it makes sense to do it if no money comes in because business was shut down. Of course AMT has their business and its theirs to manage as they will....courts will take their financial situation into account as the court will have them checked out for their finances if that is a disputable item in the case.

Honestly if they have a well thought out plan for compensating us (technobit boards with reliable designs and whatever else they do in that regard) a support/RMA to address any inevitable issues (because its tech and there are always issues of some kind)....also IF the new product is good (I believe it will be), then there is a shot at new sales for them (no pre-orders), we give feedback on the new product help them generate new sales which ultimately benefits those of us waiting for a deferred comp.

Again if I were in this situation, this is personally how I think a fair and appropriate comp plan would be. People get what they initially paid for and then gradually as sales start to uptick again, compensate back in an appropriate manner that covers things according to what the MPP stated. Its not a perfect solution that everyone will like...BUT it will at least satisfy legal requirements and most people (there are some who will just be obstinate regardless of what they get).

That being said I am making sure this is understood by AMT as well. While the above business idea is MY OPINION and how I would handle it based on business experience (and thinking if I ever got into that situation how would I do it?)....I am making sure it is about us getting rightly made whole, while allowing their business to legitimately thrive. There are some possibilities there.

With trust broken here and all sorts of other things going on, its a massive uphill battle AMT is fighting now. The onus is on them to make sure they start getting back on the hore horse and riding it to victory. I think they can do it they do have some good ideas that could turn things around on alot of levels...sadly there are those who are hellbent on seeing them fail no matter what. Not just AMT but a number of other companies out there.

EDIT typos happen when I hit send to quick lol.

AMT is still calling the shots, if they are going to be able to continue to do so is to be seen. Basically, what they are saying is "If our brand new business idea does great, you "might" get something back at some point in the future or at least the bare minimum." So, basically we are supposed to calm down in this forum, because that small chance of getting something if their potential "new company" does well would be jeopardized any favors from AMT. Basically, our original investment is being put in a new startup and if the company does well, they might be nice guys and continue to throw us bones so we keep calm along the way.  So, for me to have each part of their new business shutdown or slowed down (believe it or not, I can do it) It would not make sense because if I did that I would have no potential benefits from the new company. In the same manner, me having them locked up would also not pay, since they would not longer trickle back our original investment over x amount of time.  We basically will need to beg as their new company gains steam (if it happens), so we can continue to chase our ROI over time. Maybe at some point we would become only 50% angry, and then 30% angry down to 0% angry over time.  I will chill out with my posting for a while, its not going to change the outcome as far as our payback is concerned.

" "who cares if they are assholes, they get the job done and I got my miner and it mines""

I've held this opinion from day one. It's why I ordered from you in the first place. I talked to someone on your staff and said, hell they aren't PC  but neither am I, but if they can deliver as they said and my miner works then fuck it, I rather deal with that company than the company that blows some up my ass. This was in January when I called, I looked around at others on offer but came back to you. I called again on January 31st and talked with someone. I specifically asked if things were still on track. I was told by whomever it was on the phone that you guys were actually a bit ahead of schedule. I was like "fuck yeah, an american company who is going to be ready to get this done." I place my order that day and sent out my check the next, it was delayed by that fuck of a storm that hit, I was in town for a funeral or it would have flown out of Arizona and missed the weather.

But the problem is, as issues started mounting your communication started shutting down when it should have been ramping up. When some you sends you thousands of dollars for the product the "No news, is good news" saying goes out the window. A simple message to your customers via e-mail or even your website would have done wonders. I can accept a delay if you tell me about it. It's all about managing the expectations of your clients. I had e-mailed a few times when it was getting obvious there were some issues at hand asking if my order was still on pace. Each time I got an affirmative. All it would have taken was, "I'm sorry Mr. Shaffer ( or just curt) but due to some unforeseen issues with the manufacturing process the projected date of your shipment will pushed back, just know we are working our hardest to correct any issues and we'll keep you updated" that will dissipate so many worries.

But now it is May and I can't say "who cares if they are assholes, they get the job done and I got my miner and it mines"

As for deleting post you asked what I would do. I would leave every post up, every single inane, asinine,  annoying post that phin put up. You know why? Because if your detractors look like loons then you by comparison look sane. Also then I could embrace the fact that I fucked up and point to that every time I made headway in getting a solution. "I know we fucked this up, but look what we did to make this better for you in the end."  That is how you earn your reputation  back, not pretend that you never had a bad one.


I want you to succeed, my success depends on it. You pushed Craig's buttons and he took off and landed right at the lawyers. It was your provocation, and hubris, that lead to the lawsuit. That lead to the inability to deal with customers directly. That's not my fault and you're not going to get sympathy from me over it. As much as you feel you've been in painted into the corner you're the one holding the brush. I'm on the opposite side of that room where you painted us into the corner that required taking actions to ensure we'd ever see our property or or money.

I've said from the start that I didn't want to deal with lawyers, they take too much of my money and too much of your on top of wasting our time. It's why I've not filed a lawsuit in what would be a slamdunk case. It's not how I want to operate. Your terms said you wanted to go through arbitration prior to lawsuit. I attempted that route only to receive no word from you.

Now I have to wait to find out how everything plays out before I can get on with my life. Same as you. We're both up shit creek and we're sharing the same canoe.

Then I have to see if there is a judgment in our favor if it's something I want to accept or if I think I can work with you to come to a better resolution. I'm part of the law suit not because I want to be but because the nature of the suite, and it suck balls because it all could have been avoided

I never said you knew everything. Just that their clientele don't have access to the facts.  But Josh is acting like those of you who have the technical background are the only ones capable of understanding what a predicament they are in and that their whole whole woe is me story justifies the mistreatment of their clientele as a whole.

I'm not an engineer, I'm not a programer but I understand the concept of potentially getting screwed over in a business transaction, where one party says they are doing something but does another.

Is it unfortunate for them? Absolutely. Is it unfortunate for us? You bet. Do we deserve to be treated like this? Not a chance.




Edit posted before AMT's comments. I'll digest and then respond as is only fair.

AMT_MINERS - Well put.
Doubt many will get and understand the message you tried to put across though.