Quote from: retro72 on February 05, 2015, 06:18:45 PM

I would think the KNC data centre alone is worth much more than $15mil so investors have millions in assets not mention IP to liquidate if it hits the fan.

I actually have been wondering about kfc's assets, if there came a day the VC's wanted to get their cash back.

kfc are renting the datorhall (unless they have bought it since last February, when the news was they were renting it).

So what assets do they have? 10,000 used PSU's, 10,000 beaglebones and 20-40,000 used arctic heatsinks. And lots of crappy metal shelves. The boards are worthless for anything but mining. And as we all know, even after a couple of months they depreciate massively as new tech comes out that surpasses them.

How much is all that worth? Assuming they are still renting the datorhall, I can't see their physical assets being worth much more than $1 - $2 million max?

So why are VC's investing $15million in a company they could asset strip for only $1 - $2 million?

Perhaps it'll be the VC's who end up serving justice to kfc, by stripping them bare of everything in court for their false promises.

My prediction is if bitcoin stays at $200 for the rest of 2015, kfc will be wiped out by December. Woohoo! Grin

Certainly the VC's will replace management and Scam Hoe will be gone back to the farm to look after his cows.