Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
cedivad
on 26/03/2015, 09:48:06 UTC
Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?
The value of the estate is in the claims, like the one against Marc A Lowe. http://hashfast.org/Marc_A._Lowe
You have an idea of what will happen to those in the next years if you kept the chapter 11 and the current power balances, while you couldn't predict it if you decided to trust the people that would be imposed with the chapter 7.