What is the current state of the Project?

In the beginning they said in late April the Units will be hashing.
What happened? Any Units ready now? Final specs known?

Cheers

The thing is we've to go through a lot of pages if we want to find some news. Isn't it an idea that you (or someone else who's really active on the Litecoinforum) posts some updates here? That would make it a lot easier for me, and probably for many more .

It appears that not all updates are listed in the OP at the Litecoin forum, so we've to read through all the pages to find some updates.

Edit: an update I just found: It appears that someone is working on a system to make it possible for the investors to sell exchange their pre-orders.

I have dealt with contractors from India just like this, take a job they cannot finish or even understand. Turn in code that makes no sense and is no where close to the guidelines set forth. Then getting mad when you tell them the work isnt correct and you will not pay them for it.

We should know by mid June some firmer dates.

Exchange timeline is not firm, we are ensuring security above all else. That was the first beta test, we are running more even now, partly for performance and partly for further debug.

We will be disclosing a timeline for the ASIC soon, that was what was referenced in that quote.

Hosting via proxy is correct, moustache wrote the base code, other team members took over from there and it is nearly finished.

We are in process of removing a developer who decided to go awol, so bear with us while we transition. Moustache apparently thought he should not have to finish his work and decided to take off and not tell anyone. Since he is obviously not following direction he is being given I am posting here to let people know we are serious about team members that decide to change their aim from helping the project to self interests. As some noted before we were not getting responses from him on the forum or to tickets, or getting the exchange up in a timely manner. I wish I could have informed everyone of this earlier, but I needed to be sure of his intentions before removing him from the project as he had up until recently been an asset and a friend and we were unsure of if he was being malicious. As some may realize, replacing a lead developer is not a simple overnight task. So while Thibaud Fabre (moustache - he no longer deserves the anonymity he so desired) is working toward his own goals, we have continued work on the exchange and are nearing completion sans moustache. We are still meeting with various entities to get the MSB in place for the exchange. The delays on the refunds were also due to his non-responses, we will continue refunds that he apparently stopped sending when he sends the coins over. We are attempting to retrieve all the coins from him now, if he does not send them all back then we will be pursuing him on several fronts.

I sincerely apologize that I could not disclose all of this sooner, I felt it best to secure the coins we could before informing everyone publicly and potentially spooking him. We have replaced him and continued our work. Needless to say we feel betrayed by his breaking of trust and we are going to keep working toward completing all the projects. I realize people think we are running away from the project, but this is not the case and will be here still working on the projects. We will be wiping out the VPS that is currently holding the site and migrating to one he does not have access to, so the site will go down for a while and we will put up a placeholder until we relaunch the site. We do have the full database and no information will be lost. And no matter the outcome, the users who made purchases will receive refunds/miners/profits for their involvement in the project even if it takes longer than expected. The projects do run independently so we do not have them impacting each other.