Quote
Motion for Order Allowing Reimbursement of Expenses of Koi Systems
https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/
Applicants have the burden of proving their entitlement to administrative expenses. The expenditures must benefit the bankruptcy estate as a whole rather than just Applicants.
https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120879/
Applicants have the burden of proving their entitlement to administrative expenses. The expenditures must benefit the bankruptcy estate as a whole rather than just Applicants.
OK class, who can explain exactly how Koi's expenditures (filing for HF bankruptcy and traveling to SF) have benefited "the bankruptcy estate as a whole?"
Anyone? Bueller?
This motion should be denied, and Koi should wait in line like the rest of us for our pennies on the dollar scraps remaining from the lawyers' feast.
Koi should be last in line, not first. This whole retarded 'OMG WE'LL SUE YOU FOR WINDFALLS' thing was their idea, and they blew it. Big time.
Actually it was Davide and Pete's idea too, but they weren't dumb enough to spend $50 grand just to destroy a tiny start-up and screw its creditors.
I'm LMAO listening to the latest hearing! It's a total shit show.
Koi must be the most incompetent firm in the world. What a bumbling ship of fools.
The judge is clearly annoyed and exasperated by their ridiculous demand to prioritize Rob's $500/night 5-star hotels and bar tab therein.
BTW, here is where Rob lived it up at the expense of the rest of us creditors:
http://www.omnihotels.com/hotels/san-francisco/dining/bobs-bar
Nice! Swanky! Clearly, drinking here provided as many tons of value to the estate as a whole as having Rob physically present for hearings in which he didn't participate.
Now all they have to do is figure out who represented who and if they got paid, but that appears beyond their limited abilities.
