Just sent this:-
Mr Mohammed Mubasher Akram
The Managing Director
Alpha Technologies Ltd
66 Dickenson Road
Rusholme
Manchester
M14 5HF
England
4st August 2014
RE Invoice 12677 as part of Invoice 5023 -total amount £7898.88
Dear Mr Akram,
I paid my full payment via bank transfer on or before the 22nd of May 2014. It has now been ten weeks since that payment and as per your terms and conditions where you stated very clearly that shipping would begin 8 to 10 week there after. Your amended Terms and Conditions did not make any reference to this or change this and can only be regarded as still applying in the original implied distance contract. You applied pressure to by saying there was a time limit to this to which we adhered. You have since extended this time limit a number of times to others and have attempted to allow credit card payments that have since been refunded. Moreover, you stated you increased the performance of the machine to make it more attractive. Since there is no prototype it is impossible to verify.
We are now at the ten-week threshold and your newsletter dated 28th of July clearly lays out that there have been developmental delays of your product. Also it states you have had funding issues which I can only assume you have solved, most likely with payments like mine, and loans from investors or banks.
I suggest to you that you were fully aware of these developmental delays when you were applying deadlines for payment, and therefore, I suggest Alpha Technologies has deceived me and gained a pecuniary advantage over me through the use of such tactics. Moreover you manipulated my financial decision by informing me they you had increased the units performance. Not only that but it is a clear breach of any implied contract. Effectively, when we made payment, you were agreeing to supply the product no more than ten weeks hence. You have not, nor are you likely to in the next ten weeks. I am not an investor in your company I am a customer. I dread to think of the approach Trading Standards would take and how Distance-Selling Regulations would be applied. Contrary to your assertions that mining is a business activity, I would be confident that the authorities would take a very different view, for the majority of customers they would be consumers and this is not their main business activity.
Further your estimation of end of September I believe is unrealistic and I do not expect you to ship before the end of the year. I would estimate from your own road map you are stalled at least four months from shipping.
I further note you offers to increase performance of said Viper Miner and your latest desperate offer of shares. I can only assume this is an attempt to stave off insolvency. I am concerned this is a breach of the rules of public offerings of shares.
But that is all moot. As per the 8-10 weeks delivery failure I require full refund of the total amount paid to you, both the deposit and the full payment. As you have breached you own terms, willfully and deceptively. If you do not respond with a refund to this letter in the next 14 days I will take it you are unwilling to discuss terms or make a refund.
However, I am happy to seek mediation to this matter if you so prefer and would be pleased to make the arrangements necessary. Please let me know if you wish to use this route.
As you have made clear on your forums in official posts your unwillingness to refund under any circumstances, here for your information I refer you to the Consumer Protection From Unfair Trading Regulations 2008, Reg. 3;4;5;6;7;8;9;10;17 and Amendments(2014) Reg. 2Para 3 Reg9(1A); part 4A, regs. 27B and 27H. Please also refer to schedule 1 S6(b);S7;S14;S20;S26
Also Consumer Contracts Regulations 2013, Reg. 19;20;38 and 34.
Finally the Companies act 2008, and Distance Selling Regulations 2000
Yours sincerely
It is good that you sent this via snail mail and email etc.and hopefully registered mail....but imho it is probably going to sit on a large pile of unopened mail at
whatever office their mail gets dumped to..again imho it is probably a frigging 'flood' of refund orders via pm on their forums
email and snail mail ...a lot of it I would assume is registered....I also imagine they are being 'served' papers by process servers
as well at this point...the fact they no longer have a phone number....shows how overwhelmed they are on this front again
this is speculation on my part...but seems that way from what I can tell from their actions in the past 6 weeks...
UNLESS they can prove they have a 'working chip' soon ...they are gonna go belly up fast I think....with a 'working chip'
they MIGHT be able to salvage something ..even if it was just sell the works to a private mining farm or something to pay
off debts....in other words a machine 'could' be built from the chip ...save somebody some lead time..but other then
that getting a machine out to consumers in time for it to matter..convincing the 30% who have paid to pay the remaining
70% via unsecured payments etc...well I just don't see it from a 'bad press' to incompetence they show point of view...
anyway ...good luck on your efforts....but from the banning on the alpha forums ....the guy that runs the forum just quitting
and the stock option plan...they have no $$ left .....and are being overwhelmed with refund requests and or legal issues
of a massive note..if you are a UK citizen and have a way to 'serve papers' do so quickly....
again this is speculation...but I just can't see from their behavior and actions how it could be anything less then the end
or I should say the 'potential end' of their company...ie bankruptcy....it all points to they are in a world of hurt!!!!
the smell of 'panic' is strong in the force at alpha tech imho
again good luck use all the avenues legal/regulator/bitpay/cc or whatever to get your $$$ back...each time I get on this
thread I expect to see the link to the alpha announcement that they have closed shop and filed for bankruptcy protection.
It is that 'dire' for them in my view.
Searing