Eduardo is out as CEO. This was stated at the hearing if you listened very closely.

Gallo and an attorney for Koi systems called in on the phone.

The judge did not grant the motion for a Chapter 7 Trustee basically because HF said they were preparing their own Chapter 11 Filing. The judge actually referred to the bankruptcy law and conferred with a representative of the US Trustee's office who was present. It would be highly unusual to appoint a trustee in an involuntary Chapter 7 case when it was about to be converted to a Chapter 11. As this is likely to happen next week the judge apparently did not see much point in doing so for only a few days. He allowed the TRO to stay in force as a stopgap measure and made it clear that Hashfast was allowed to continue selling inventory at reasonable market value but was not allowed to do any joint ventures or intra-LLC transfers over the next few days.