Topic: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s - page 55. (Read 131502 times)

Kushedout and stevenroose, I've been working together with Daniel on this refund issue for all you guys in this group buy.

JohnK has been traveling for the last few days and will hopefully be available on Wednesday to sort this out with KnCminer. We will have a final resolution on the matter then. So I'll keep you guys posted on here.

Just to the board moderators, hopefully they can at least brand him with a scammer tag should he not change his current course of action (not responding to pms, not posting for weeks, not relinquishing the GB to someone who can at least keep up to date and also keep the investors up to date with the current proceedings of this venture).

If you are going the SEC route i'm sure that would be the last resort, or close to it. But if thats what it takes, then thats what it takes I guess.

Im also sure many of us here are just at the point where we want either a refund, or at least be able to have someone in control of this GB who can facilitate the transfer or sale of shares in this venture and also continue with the initial mining plans. The number of people asking for refunds is adding up every week that the OP does not reply or respond with an in depth posting or update, which means the dollar count for the refunds is also increasing leading many to think twice about this GB overall.

There were too many conflicting stories from the OP, from his partner and looking at the other GB that was being organised... from there as well. Did that conference call ever happen, were all of the miners ordered on time, was there not a significant amount of BTC transferred out of the address listed in the OP of this thread just recently that could have covered refunds, was the OP not told to stay away from work related matters from a doctor no less and post shortly afterwards about a new project he was undertaking?

Its money, yes we're all risking it by investing like this, but we shouldn't be left in the dark.

Too many things just don't look right to me and as a result I'm asking for a refund, failing that I am offering my shares for sale to anyone who wants in, anyone who has faith in the OP and this GB can pm me regarding the sale, there will be no escrow for this as I already had another users BTC tied up in escrow while trying to sell these shares before but because the OP doesnot login or post in thread or reply to PMs the sale never happened and due to this I will not wait around for this to happen all over again.

Since it's sounding like I may be one of the only people to get a refund via PayPal so far here is the email address to the PayPal account: stephenlincoln12 at g-mail.

Of course this is not the OP's account but it's his "roommates".

Best of luck to you guys.

How did you report him?

SEC?

I have reported the OP of this group buy. Enough is enough really in my eyes.

I would like a refund and im sure many others would like theirs also.

For the record I'm fine with staying in seeing as the miners have been ordered. I would just like a little quicker response from the organizer when things like this come up. Granted I only have .5 BTC in this but that's the way I feel.

Yes, sorry. Wrong person

I assume you meant him and not me, right?  I'm not delusional... I just have these voices in my head...

If anyone is delusional, it's you buddy.


OP is the one who has pulled back, so everyone else is entitled to as well. This is not how a group buy should be ran.

i PM'd ragn for a pp refund, still no reply.  has anyone else besides 1 person gotten a pp refund?  this still looks like a scam.

+1

 

What about the people on Jupiter #12 (the one that didnt make the order)

Are they/we entitled to a refund asap?

The FTC has jurisdiction as long as KNC does business IN the US, which they are doing (and regardless of that, raginazn is located in the US).

Second of all, read http://www.consumerreports.org/cro/2010/09/your-rights-as-a-consumer/index.htm.  They have to ship internet orders within 30 days, or earlier (if they said that they would ship it earlier).

Also, this: "If the retailer has a reasonable basis for not getting your order out on time, it must obtain your consent to the delay. And if you don't respond or consent, the merchant must issue a refund."

Serious question, can OP be considered the "company" if the machines aren't up and running by october-ish? He could get the machines on time but not start giving us our shares until later than he promised. If that happened, we'd be entitled to a refund, no?

No, we are not. By FTC's mail order rule, you're only granted a refund if the company fails to ship within the stated timeframe.
KnC says they'll deliver within September. So we're only allowed a refund if we haven't got any machines by october.
And any other regulation would be completely stupid. What company would start production based an pre-order money if they have to be afraid that people can just pull out whenever they want?

And aside from that, the FTC has zero say in this, since KnC isn't located in the U.S.

Prodigits never gave me a time for the conference call... Let me PM him and see about talking to KNC.

Well I have to agree with him. Seemingly no one else does.

You can't participate in a group buy and demand a refund when the order is already made, that's not how this works.
We all should've done our research before we entered this mess, but we can't all pull back now, especially now we know that the order has been made.

We can only demand a refund if KnC is willing to refund the orders as well.

So, danieldaniel, that's why I was asking about the conference call. I think it can be helpful if you try to reach out to KnCMiner again, together with Prodigits, to try to arrange a refund from KnC.

I think we all want to leave this GB, but there is no reason why we should be able to to so as long as orders are made and OP doesn't change the original plans.

It's easy... Everyone in the spreadsheet wants their BTC back. We "just" have to figure out the set difference of people in the GB who aren't on the spreadsheet (GB / SPREADSHEET). They can keep their orders, i.e. that amount of Saturns/Jupiters stays, all the others get cancelled. If a miner remains half full, those just have to be reimbursed or we have to draw the lots who stays in the boat.
But the people in the spreadsheet basically could/should simply go for a refund.

Actually, per FTC regulations, we are...

But the law doesn't apply to Bitcoin, right?  /s