Really glad I never pulled the trigger to buy two of their baby jets back in early August 2013.
Epic failure on HF's part.
Topic: HashFast announces specs for new ASIC: 400GH/s - page 100. (Read 880461 times)
Please tell me what you just said invalidated everything i wrote, yeah... burn in a fire dumbass
You seem to be awfully butthurt over the bankruptcy, which is strange because every customer who has talked to me has been happy with what was done.
You claim to have a lawyer, but you haven't been in the creditor conference calls. Why don't you man up and join the adults in trying to recover what we can from this scam?
Unless you're just Eduardo using another sock puppet.
You become a creditor. sucks.
better than a poke in the eye!No one has any need to pay a lawyer to file a claim. We have paid, out of our own pocket for the filings etc. Now, as Hashfast enters bankruptcy and a US Trustee is appointed everyone registers in the case and is represented by the Trustee and the committee. That does not cost them anything.
You are a idiot if you think a company that was trying to sell off all its assets (see TWO sworn affidavits from two separate people that were offered the assets that are filed with the court) and get a piece of the action while leaving creditors with nothing WAS somehow going to "make us all whole".
Post your invoice or shut up. You have no idea about anything. BTW, wikipedia is not one of america's best law schools.
You become a creditor. sucks.
You become an unsecured creditor so you will be at the very end of the line.
Your chance to recover anything meaningful will be next to 0.
Sucks.
It's doubtful at this point that there are any secured creditors. There is also a spectacular number of bitcoins collected by Hashfast that blockchain analysis suggests are still controlled by Hashfast or related parties that could be recovered by the bankruptcy trustee. We are optimistic at this point.
You become a creditor. sucks.
You become an unsecured creditor so you will be at the very end of the line.
Your chance to recover anything meaningful will be next to 0.
Sucks.
You become a creditor. sucks.
better than a poke in the eye!No one has any need to pay a lawyer to file a claim. We have paid, out of our own pocket for the filings etc. Now, as Hashfast enters bankruptcy and a US Trustee is appointed everyone registers in the case and is represented by the Trustee and the committee. That does not cost them anything.
You are a idiot if you think a company that was trying to sell off all its assets (see TWO sworn affidavits from two separate people that were offered the assets that are filed with the court) and get a piece of the action while leaving creditors with nothing WAS somehow going to "make us all whole".
Post your invoice or shut up. You have no idea about anything. BTW, wikipedia is not one of america's best law schools.
You become a creditor. sucks.
better than a poke in the eye!You become a creditor. sucks.
better than a poke in the eye!You become a creditor. sucks.
better than a poke in the eye!
You become a creditor. sucks.
Does anyone know if customers due refunds are still due money after a chapter 11? or do the little guys just stiffed.
Just to confirm, so they are going into chapter 11 which basically means what?
it means instead of mining you get an education in bankruptcy laws... perhaps that will pay off more in the end
We were expecting to see that yesterday but they seem to have failed to file anything of substance.
Par for the course from them unfortunately.
Just to confirm, so they are going into chapter 11 which basically means what?
it means instead of mining you get an education in bankruptcy laws... perhaps that will pay off more in the end
http://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code
They are reorganizing their busness, while maintaining their possesions
1)They do not have to sell everything and divvy it up to creditors
2)They can acquire new loans without paying the old ones off.
3)They are protected from some other litigation
4)They have to propose a plan within 120 days. Interested creditors can also submit plans. Then any creditors who are interested can vote on a plan.
They are reorganizing their busness, while maintaining their possesions
1)They do not have to sell everything and divvy it up to creditors
2)They can acquire new loans without paying the old ones off.
3)They are protected from some other litigation
4)They have to propose a plan within 120 days. Interested creditors can also submit plans. Then any creditors who are interested can vote on a plan.
Just to confirm, so they are going into chapter 11 which basically means what?
It means they are trying to reorganize and continue the business as an ongoing enterprise. They need to file a plan on how they would do so, and how they would fund themselves in the interim. We were expecting to see that yesterday but they seem to have failed to file anything of substance.
Just to confirm, so they are going into chapter 11 which basically means what?
Maybe I missed something but seems to me that the Delaware based Hashfast is notably missing from any mention in these documents.
That's a good point that should be clarified.
They were served the 13 of May, so this is the twenty-first day...
Is there any news about what will happen to HashFast LLC? Apart from the judge saying that he expected it to be putted into bankruptcy as well, I haven't seen anything written.
Is there any news about what will happen to HashFast LLC? Apart from the judge saying that he expected it to be putted into bankruptcy as well, I haven't seen anything written.
Okay, so they moved to convert to Chapter 11. So at least that's finally completely settled. They will go into Chapter 11. But no plan yet.
They say they have over 1,000 people to notify in case - presumably mostly creditors - and are asking the judge to allow them not to notify everybody of everything. They want to limit notice to the court, the lawyers, the companies and people who are named in the suits that have been filed (the "creditors mailing matrix"), its 20 largest creditors, and various government agencies with an interest. Just sayin'. I'm pretty sure anything important will appear here.
Maybe I missed something but seems to me that the Delaware based Hashfast is notably missing from any mention in these documents.
It's my understanding there are negotiations behind the scenes.
I never doubted that, but those negotiations should have resulted in something that we mere mortals can read by now. And no, I don't like the idea of being excluded by those negotiations. Everything could be happening as far as I know. Jump to: