Topic: HashFast announces specs for new ASIC: 400GH/s - page 90. (Read 880461 times)

Only thing you can do is file the claim.

The only positive thing I can see is they filed in San Francisco California.  Very liberal and very keen on consumer protection. They should have filed in another state like Gox did that's pro big business. Our rep will need to be assertive regarding individual funds compared to institutional funds on the hope he can get a higher percentage of the money back compared to the institutions. This committee is every man for himself.  Their is not enough funds left to go around.  They know HF is dead and they will try to recover as much of their investments or outstanding bills as possible. I have been out of this realm for many years because I hate it.  The representatives may be professionals who have a bonus tired to the funds that they recover.


vokain hammer them on the personal aspect please. 



Creditors' Committee definition:
The secured creditors' committee consists of lenders that have a first claim on assets that collateralize their loans. Members within the unsecured creditors committee generally have more or less power depending on the amount they are owed. Although the court will take into account the position of the creditors' committee, the bankruptcy trustee has ultimate power in deciding what is fair to all parties.
   

YES PLEASE LET US KNOW ABOUT SMALL ORDERS? What must we do, i also cant read law letters, its confusing me 

Please let them know the small orders represents individual people and the capital investments that was committed was individual not institutional funds. Cdavid is correct. Please request a forensic accountant to look at the books as they moved cap ex between the LLCs which is why they want seperate approach to each.

Edit the chaper 11 LLC may have been paying all of the expenses... Wheres the other LLC is all profit. This is legal to an extent. I can have an shell LLC charge rent to the parent company Or lease a paid off vehicle to pay less taxes. US tax code is what it is.

I got the Chapter 11 claim yesterday.

As I got my units, vaguely on time as compared to their contract, I don't plan to complain at the current time. But I hope all of you guys can recoup something.

I've paid for I think 20 documents on inforuptcy today. Many of them are really interesting, but I'm too tired to upload them on hashfast.org. I should write a script or something.

If you have some time, register there and download them for free. It will make for an interesting reading.

Among other things, HF made sales for 20 millions (!!!), have 15 in liabilities (without considering BTC refunds (!!!)) and tecnologies LLC made a 1M transfer to hashfast llc (!!!)... I certainly forgot a lot of interesting stuff because this is only what I remember from a few hours ago. So go there, register for free, download everything and learn something.

We're seeing lawyers pitch tomorrow or something and then we vote Thursday or friday

edit: we're voting sometime the same day they pitch

I got a letter about 10 days ago.

I'm on the creditors list and have not heard anything. How long ago did you guys receive mail from the court?

that doesn't sound good.

When they received the involuntary bankruptcy they answered by stopping every settlement, that might have been worth something back then. If you ask me why, its simply to damage their creditors as their answer to the filing.

Now its too late.

no blame. just trying to understand what the settlement might look like.

So, who is the lawyer of the committee?

Thats not what I said. But yes, fell free to blame me if that makes feel you better.

The tos doesent even allows for a claim based on damages, btw.

true...through damages you hope recover greater than amount owed in refund or delivered equipment.

It basically means buying hashrate at 1$/GH. Why would you want to do that? The value of this company is in in what they are hiding.

Everyone trying to submit claims, you can do so with the link posted a few pages back.

I did.

everyone on that list should settle with them for chips and then we do a bulk board build with one of the assembly houses.

Did you guys file claims?

Me neither 

Have you receieved bankruptcy court mail? I have not received any so far