They certainly were planning to ship out in October. So? Unforeseen delays happened. What do you expect them to do?
I expect them to tell the truth.
They were not "highly experienced", they're working on their first ASIC and finding out ASIC design isn't as easy as FPGA routing.
They were not "a market leader in microprocessor design", they are FPGA programmers.
They had no real hope of "shipments for October", they just wanted you to think that so you wouldn't buy from someone else.
They were not "installing high-speed equipment", they were simply bidding on ebay for such hardware.
They don't have "venture capital funding", they just have $19 million stolen from customers in a mail fraud scheme and a lot of customer pre-order funds.
I'm scheduling to retire with $10 million in the bank next week. Do you believe that?
1) Highly experienced in their industry in general is what I would take that to mean. I would assume they mean that they have engineers onboard who have designed ASICs for other projects before. Obviously, they hadn't designed an ASIC for Bitcoin mining before. No one had.
2) They've probably developed ASICs before, which are most certainly microprocessors.
3) You have no proof of them lying about this.
4) Ok, I agree, a lie, or at the very least, a half-truth. They should have clarified this by stating "procuring and installing high-speed equipment". However, I still put this statement in a much different pool than I would put them in if they said the same thing and they weren't actually buying any equipment to install.
5) You have no proof of them lying about this.
And no, I wouldn't believe you, because you haven't given me good reason to believe you. However, if you began to post verifiable indicators of your vast store of wealth, such as photos of you driving your Ferrari and pictures of your Bitcoin miners inside your mansion, I might believe you.
