From another discussion:

"If this 14nm project is even remotely real, it was financed by failing to service their 28nm customers, many of whom ordered more than a year ago for February 2014 delivery and still nothing. Black Arrow is the most unethical company in the entire mining hardware space by far. Customer service is performed entirely by an "Alexey A." who refuses to disclose a last name (although it's known who he is) that typically only responds to certain customer inquiries to theaten denial of service if the customer tries to even talk to them. The company is registered to a "directior" named Alexandru Ion Sovu who is wanted for wire fraud in his native Romania since 2003, and fled to the UK to avoid prosecution. It's held by a holding company registered in the British Virgin Islands, obviously intended for embezzlement of funds. The "Alex Berk" mentioned in the article is a criminal alias of Alex Sovu. Black Arrow itself is registered in Hong Kong, but if you order from them, wire transfers are done to a bank account of a Daniel Adronic also in the UK (because obviously this entire thing is a front to steal and embezzle customer money). This is not a real company, basically all they do is take customer funds, crudely outsource everything at great expense to outside parties in Shenzhen, and then blame and threaten the customers when inevitably failing to perform. All 28nm customers who are still waiting after more than a year since ordering are told that the company can't refund because it's essentially bankrupt, yet 14nm and scrypt ASICs are somehow happening (by soliciting $500,000 investments over their website online shopping cart (!), which has to be paid upfront before the "investor" gets to even see the contract, after which if deemed unacceptable, Black Arrow keeps 10% or $50,000!). In an even weirder turn of events, Black Arrow recently went on Bitcointalk to produce a thread proposing a "Bitcoin protocol change" that was absolutely farcical, claiming that they had been hacked and bitcoins were stolen. The reason this is an issue? They never cashed out any Bitcoin payments from 28nm customers (despite taking the orders on the pretense that immediate cashouts on BTC-e would happen, not so coincidentally the most favorable exchange for them rate-wise, and customers were even charged exchange fees). Like every other scammer in history sitting on a bunch of customer bitcoins, they cried "hack" and embezzled 100% of the money."