http://www.coindesk.com/hashfast-cuts-50-of-staff-denies-bankruptcy-rumorsHigh Points for the lazy:
- 50% (15 people) of staff layed off
- 2 Federal Cases, 5 Arbitration Cases ongoing
- New CFO: Monica Hushen (former HP, ECS Refining Exec)
- Gallo, attorney representing 3 of the artbitration cases is concerned HF may soon be insolvent
- HF wouldn't talk to ARSTechnica when they visited
- HF Rep Joe Russell did talk to Coindesk however
- HF say they are converting system and board orders to ASICs, even for the people suing them
- HF say they have a large Chip inventory to ship (where did I hear that before?)
- HF claim the conversion will see customers get significantly more hashing power than ordered (sceptic here)
Most would argue their customer service never existed:
HF: In order to improve our cash flow, as well as focus on ASICs, we made the difficult decision to reduce our workforce by eliminating marketing and customer service roles, as well as some engineering functions.
There is a timeline website here
http://hashfast.org/Timeline for those interested in the sequence of events. From the wiki:
This Wiki has been written with the main purpose of exposing in a rational and irrefutable manner all of the lies and deception that HashFast used in order to sell overpriced products from August to December 2013.