http://thedailywallet.com/100/the-first-litecoin-asic-alpha-technology

"A quick look into Alpha Technology (INT) Ltd (Company No: 08483921) shows a very very new company, founded only in April this year, with two directors:

MR MUHAMMAD AKRAM and MR MOHAMMED MUBASHER AKRAM, presumably a father and son team. Mr Muhammed was previously director of a dissolved Cheshire Technology Ltd, and also a director of the again recently established M AKRAM & CO Ltd.
Of course, while there is no indication that anything un-toward is going on, we would stress caution to potential buyers, in that – as the first Litecoin ASIC miner at the pre-order stage, the company is clearly not backed by any substantial funding, and should any part of the technology fail, fall through, or their contracts with the manufacturers supply chain, or anything along that rocky-road fail – then it will be your money that is lost in the process."

Its interesting that they are happy to put their personal details on their accountancy site but no one wants anything to do with Alpha. We had to resort to internet sleuthing to get this info.

I've bought all the company documents for Alpha technology from the companies house UK website. I'll upload them to mega if anyone's interested. I haven't gone through them yet so I can't judge but its public record and might give those that care, an insight into the company structure.

It's looking to me that these guys aren't here to cut and run with the coins (but don't take my word for it, do your own due diligence for god's sake).

It seems like they have connections in India to someone who reckons they can bang out a script ASIC. After all, its just circuit boards and chips and stuff.

The problem is, that it takes more than just connections to pull something like this together.

The management of this company have yet to explain what experience they have in managing a large project, on time, in an industry it seems they don't have any experience in.

Any one of us here could go find a board design company in China or India who could make a scypt ASIC. Then you just need a website and some vague promises and.... KERCHING... preorder money flows in and hopefully you will be able to make good on all your outlandish promises about price, timescale, hashing speed etc.

Thats what is happening here. Some family in a dingy part of Manchester who know someone in India who thinks they can make an ASIC. I wonder how much of their own money the Akrams have put into this venture. I would guess little to none. Why bother? just get the preorders to pay for everything.
That way if it all goes south, just walk away.

'So sorry, our Indian partners couldn't deliver and we have already spent all the preorder money - you accepted the risk, its not our fault'

or

'Our indian partners underestimated the costs of the boards, you can still have them but they will cost 4x more and be completely uncompetitive compared to GPUs'

Do not buy, this are terrorists!

You want Litecoin mining, Asus is gonna sell a special graphics card for Litecoin mining.

Do not buy, this are terrorists!

You want Litecoin mining, Asus is gonna sell a special graphics card for Litecoin mining.

here is the website for their accounting firm: http://www.akramco.com/ which was created October 16th, 2011 from the whois records. I guess Jafar is the son and also an accountant like his father. Mubasher must be the younger son and perhaps the engineer as one of the Alpha Technologies people introduced themselves here under the bitcointalk alias as one.

Stuff like that is helpful to shed some light behind this company and know who we are dealing with and if they can be trusted to an extend.

In the UK there are no licence requirements for individuals to describe themselves or to practise as accountants, but to use the description "Chartered Accountant" they must be members of one of the following organisations:

the Institute of Chartered Accountants in England & Wales (ICAEW) (designatory letters ACA or FCA);

the Association of Chartered Certified Accountants (ACCA) (designatory letters ACCA or FCCA);

the Institute of Chartered Accountants of Scotland (ICAS) (designatory letters CA); or

Chartered Accountants Ireland (CAI, which is an Irish rather than a UK body but covers Northern Ireland as well as the Republic of Ireland), designatory letters ACA or FCA).

looks like a goddamn terrorist to me