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    Author Topic: Swedish ASIC miner company kncminer.com  (Read 3050099 times)
    Searing
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    April 30, 2016, 05:24:31 AM
     #42201

    here we go. Lets the drama begins - KNC win Cheesy
    Not sure why anyone but a half wit would find this funny but yeah. We lost. KNC won. 

    I'll say it again for those who have seen this whole shit show unfold and might not actually believe it but, KNC WON.

    I haven't read the judgement yet, it came in today and it's in Swedish but my lawyer is going to translate it and send it it over so I'll give you more info, when I get it.

    I wasn't in the class action so I can't speak for that but my case was strong based on a number of arguments. Obviously the Judge did not see it that way. The fact that it had to be heard with a number of others may have been to its detriment but I won't know for sure until I read the judgement.  Apparently it's very complicated. I won't go into too much as some may want to appeal, but I'll try to answer any questions I can, within reason.

    For me it's never been about the money, I've got enough to be comfortable, I'm just not the type of person to take shit lying down. KNC are crooks and we deserved our day in court, it didn't go our way this time, that's life. As any poker player will tell you I was what you would call "pot committed", I had enough down to make the "all in" worth it. This time it didn't pay off. It's not going to ruin my life, I'm just a little pissed that those assholes got away with it. But I guess the law in Sweden is a bit like the law in Britain:

    Steal £200 get a jail sentence
    Steal £20 million get a Knighthood

    I'm guessing there's going to be a lot of new, unused Titans flooding the market in the next few weeks. As for KNC's lawyers fees. I hope they take litecoin Grin

    My guess is KNC won due to the 'we are a business by buying this equipment" loophole to get around EU consumer protection law...if KNC lost then all there commerce

    probably would fall under the EU consumer protection...ie as I said .why I did not get into the lawsuit....I felt that no way Swedish Legal precident that was set up as

    such would be set aside for a KNC loss....would open a whole can of worms...and I bet the swedish business interests really really like this loophole.....we know know KNC does Sad


    anyway my guess on why they won ....may be wrong.......but KNC always acted beyond cocky that it was a 'slam dunk' in their favor on such ...or so the song went back in the

    day on kcn forums

    damn.....hope someone in the class action gets on and tells us what the judgement in payment was against them for 'legal bills' in that the loser pays the winners court/legal

    costs and a judgement ...these guys could be out 8k each total with lawyer fees imho .if it flowed down hill that is...sh*t

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