Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
perezoso
on 23/05/2014, 22:37:43 UTC
Hearing extended until 930am Wednesday.  I'm here now.  $2600 statutory limit for us solo purchasers.  Not sure what this means.  Something about 503b 9.  #duncwaconfused.  Motion by creditors denied.

503(b)(9), if that's what was mentioned, is a section of the code apparently intended to protect suppliers of goods and services to firms that are going belly up.  Totally armchair here, I know as much about bankruptcy proceedings as I do about speaking Thai, but it suggests to me that there are unpaid suppliers of materials/services to Hashfast that are pressing claim.  That or the judge is creating a time window during which any such suppliers could present themselves.