If you make a case for Fraud you can bypass the Corporation. That's all I will say on this subject currently.
demonstrating criminal intent? 
Topic: Off-Topic - page 46. (Read 384416 times)
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
YOU ARE ON THE HOOK FOR 100% NOT 50%.
Dont think you can scam people to accept a 50% deal for YOUR failures. Customers are not responsible for the risks you took.
Your operation cost is no way near the 50% of the estimated 800 Grand you took in is it?
I'm telling you look into Inc's. Assuming Amir set it up right you can sue the crap out of TH and it wont effect his personal assets. He made bank off salary, and company will be gone after closed and paying out what money is left.
So Bar,
How does it feel to have been soooooooooooo wrong?
Did you purposefully mislead people or you just couldnt see the forest for the trees?
How does it feel to have been soooooooooooo wrong?
Did you purposefully mislead people or you just couldnt see the forest for the trees?
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
I told everyone how easy it was for a Inc. to go out. Got called a troll and some gave me crap. Amir made salary, and also other employee. They expensed what ever they wanted. With being a private corporation good luck seeing any of these details unless they are seen in lawsuit.
TH you cant blame everyone else! Your bad business and lack of responses to banks, PayPal, even BBB, and customers is what made you get accounts shut down.
Show pictures of what you claim to have spent the other 45 percent on. The 100 cases... parts... and i think one of biggest things will be salary.
On side note i would sue quickly before they do officially close business. Saying I'm closing business, and actually filling out paperwork and paying fees are two different fees. Anyways your chances to sue and getting near your full amount are less and less.
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
YOU ARE ON THE HOOK FOR 100% NOT 50%.
Dont think you can scam people to accept a 50% deal for YOUR failures. Customers are not responsible for the risks you took.
Your operation cost is no way near the 50% of the estimated 800 Grand you took in is it?
Tell it to Detroit. They aint paying back shit for what they owe people. Maybe pennies on the dollar. lol
pointless to reply to TH, they have likely lawyer'd up with Saul Goodman. He's making them disappear with him, and Heisenberg 
hope my cc company sees this bankruptcy notice
hope my cc company sees this bankruptcy notice
SO where did the money go ?
Poof? 
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
YOU ARE ON THE HOOK FOR 100% NOT 50%.
Dont think you can scam people to accept a 50% deal for YOUR failures. Customers are not responsible for the risks you took.
Your operation cost is no way near the 50% of the estimated 800 Grand you took in is it?
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
Why only 50% refund?We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
Did you develop asics chips? No!
SO where did the money go ?
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
Please send back all the chips that customer has sent you. I don't understand why you are holding on the chips knowing full well you are going to fold. Those customer could have switch the chips to another manufacturer weeks ago.
Saved for posterity....
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
Please keep us up to date with Time frames.
Thank you.
Thank you.
+1
Time frames will make us all feel better.
I sure hope the BFL, Avalon, and Terrahash fiascos have taught folks that is it a very bad idea to pre-order ASIC hardware using BTC or wire transfer...
+1
Unless your a gambler, its dangerous to assume that Cointerra's units would make you any money, even if delivered on time. If you buy now, they will ship in January, so you might start operating in February. That is if everything goes perfectly, which I doubt. If things continue as they have the last few difficulty increases, then, between now and January, the difficulty will more than TRIPLE. A 2 Terahash unit then will produce about what a 250Mhash unit can now, which is about 35BTC per month. So it would take you 2 months to break even. The problem is that during that 2 months, there will be 4 more difficulty increases. So, by the time you ROI, you will be making 17BTC per month. That isn't bad, but consider what would happen if there was a 6 week delay. You would start out at 17BTC per month but that would drop to 9 and then 5 before you even made ROI. A definite "maybe," but not at all a sure thing.
Oh they now except paypal and credit card!!! cointerra,, these guys have their shit together,,,lol,,,,
where is the option to pay with credit card? all i see is bitcoin and wire on the checkout page.
Cointerra no longer accepts Paypal or Credit card. I suspect the reason they can't accept Paypal is because they are violating the pre-order terms of service which says that pre-order items must be delivered with 20 days.
I sure hope the BFL, Avalon, and Terrahash fiascos have taught folks that is it a very bad idea to pre-order ASIC hardware using BTC or wire transfer...
uhm cointerra
September 23, 2013 – Austin, TX – CoinTerra, Inc. – the performance and value leader in Bitcoin ASIC Mining solutions – today demonstrated an FPGA simulation of its GoldStrike1™ ASIC chip. CoinTerra® also announced additional details including low power consumption and custom liquid cooling system by CoolIT.
notice the word "simulation"
September 23, 2013 – Austin, TX – CoinTerra, Inc. – the performance and value leader in Bitcoin ASIC Mining solutions – today demonstrated an FPGA simulation of its GoldStrike1™ ASIC chip. CoinTerra® also announced additional details including low power consumption and custom liquid cooling system by CoolIT.
notice the word "simulation"
Oh they now except paypal and credit card!!! cointerra,, these guys have their shit together,,,lol,,,,
where is the option to pay with credit card? all i see is bitcoin and wire on the checkout page.
I have just sent a PM to everyone that would like to be involved with the Lawsuit,
If you would like to be involved but did not receive a PM please PM me ASAP as information is being requested.
@Terrahash, you still have a chance to do right by your customers by communicating and or refunding those that want out. It's up to you.
If you would like to be involved but did not receive a PM please PM me ASAP as information is being requested.
@Terrahash, you still have a chance to do right by your customers by communicating and or refunding those that want out. It's up to you.
PM sent.
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