Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)
by
pedrog
on 22/05/2014, 21:34:21 UTC
Added investment under a Hashfast+DigiMex joint-venture was proposed by HF, considered and denied. The second option (of a liquidation-sale supporting such a JV) was offered, and denied, even though the fully-deployed $/Gh price came down to as low as $0.78/Gh.

I took it upon myself to create a third possibility: that of banding together the creditors to form an entity under which these remaining assets may possibly be leveraged to make everyone whole. Appointing a trustee to oversee the unwinding of the Hashfast entity (the hearing tomorrow) should give vision into what assets are available to such an entity, if it should ever come into existence. This is a work in progress, but thus far everyone I have spoken to seem to think this is the most prudent way forward.

Let us know how it went.