They received $2.25M from BTCS, that's a significant amount.
But there is nothing for you dogie, of this amount.
How much do you already have paid your lawyer ?
Not yet, no. Lawyer is paid for up front so no changes.
From what I've read in BTCS, Inc's latest filing (Form 8-K as of May 5th), it appears bankruptcy (though I may be misinterpreting, so clarification from Spondoolies would be appreciated). From the form:
Item 8.01 Other Events.
On May 5, 2016, BTCS Inc. (the Company) was informed that, on May 4, 2016, a hearing was held in the district court (the Court) in Beersheva, Israel during which certain parties sought appointment of a temporary liquidator for Spondoolies Tech Ltd. (Spondoolies). As a result of the hearing, the Court appointed a temporary liquidator and the judge presiding over the proceedings set a hearing for July 14, 2016, at least one week prior to which a certificate of information must be filed with the Court as required in the applicable regulations. The Company is seeking a conference with the temporary liquidator.
At the present time, there can be no assurance that the Companys pending acquisition of Spondoolies can be effectuated and is examining what claims, if any, it may have in connection with such acquisition and the Companys prior investments in Spondoolies.
Yep, I was waiting for them to announce it themselves. This shitstorm isn't over though, as...
The following are my OPINIONS EXPRESSED IN GOOD FAITH, I CAN NOT ATTEST TO THE ACCURACY OF THE FOLLOWING STATEMENTS.... it seems BTCS wasn't on board with that plan. It appears that Spondoolies may have abused the fact that BTCS kept giving them money for only token amounts of equity, then filed for bankruptcy so they keep the money and pay out their own creditors / investors. Maybe this was the master plan Guy had all along and why no one else could work out why they were merging with BTCS.
Alternatively, a different creditor filed to force them into bankruptcy before I got around to it and so while neither Spondoolies or BTCS chose this, its still happening.