Quote from: Flashman on March 09, 2014, 02:30:38 PM

Quote from: Lab_Rat on March 09, 2014, 05:04:33 AM

Also, I've done the math and liquidating the company's assets will turn out worse for the contract-holders as well as myself (rather than paying out "dividends").
Hardware just doesn't sell for what it did in may 2013......

It also doesn't earn what it would have in May 2013... 6 month projections at 20% difficulty rise have 300Mh earning about 0.002 BTC total. Faced with this practically certain knowledge, bondholders would be highly delighted to cut out the risk of your further non-performance and attempt to get "in hand" prices on current hardware, which have been known to exceed 6 month earning projections.

I would not agree with liquidating in hand hardware to pay off bondholders when there is a pile of BFL equipment coming and presumably a pile of BF equipment coming that bondholders SHOULD benefit from.

No one wins in that situation. There would be heaps of drama with that situation and I think we can all work on a solution that doesn't involve drama.

I'm hoping LR is still looking for a way for the inbound equipment to benefit bondholders.