BUT: this is not adequate compensation: the value of the S4 hashpower they gave me is inferior to what I paid for the acquisition and shipping of the miners to be hosted at Umisoo. Furthermore, functionality is reduced, I cannot mine the pools of my choice anymore AND I cannot claim my miners to be sent to me when I choose to.
So overall, they are stealing from us. I am going to talk to a lawyer about this, no way will I accept their offer without protest and I guess anyone else involved should do the same!
I agree with you 100% but unfortunately you will only end up spending a lot of time and money and be no better off. Go read through the ASICMiner thread and see what hose guys are going through so it could have been a lot worse.
I figured out what price I would accept and just dumped the hash (maintenance is already above the 65% mark on S4's) or trade it for some S5 hash, I dumped because personally didn't want anything else to do with them. If they had agreed to ship them back to us we would be out shipping and probably have gotten a very used pos.