Quote from: perezoso on May 30, 2014, 06:36:55 PM

Alright, well, this is what I hear. I don't think any of this is secret, it's just secondhand information. I assume it's accurate, but I have no personal knowledge.

Hashfast's debt to customers is significantly into 8 digits, i.e. > US $10,000,000. Maybe even $15 million.

Hashfast also has debt to suppliers, perhaps around $2 million. The suppliers may physically control some Hashfast assets, cough, like the important ones.

Emerging from bankruptcy will require a large infusion of cash. It is not clear if anyone is prepared to make such an investment at all, much less on terms acceptable to the creditors.

The obvious question is where all the damn money went. I have nothing new about that. I've previously posted my own suspicions.

It also brings to mind Hashfast's later apologists, like Amy A. and now, the "dog". What bullshit they are full of.

Come on, Amy, claiming Hashfast was solvent until the day before you were fired? Lie.

Dog, you're trying to rewrite events into a narrative that makes you feel better about what happened, and which I doubt has much to do with reality.

Perhaps I'm being naive, but wouldn't the court look into this before allowing the Chapter 11? If it were clear that HF could not come out of this scenario solvent and in line with creditors then I'd imagine the logical process would be liquidation. I can't imagine the court granting Chapter 11 if these numbers were true unless HF receives the funds it would need form an outside source.