Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
timmah
on 26/06/2014, 06:51:43 UTC
I am a bit curious, so hashfast is at this point more/less dead.

Reading from something that was previously said that hashfast has about 20 million in assets and 15million in more/less debt. Does this mean that about 5million will be dispersed between creditors?

Also for batch one customers who received a batch 1 unit is there any point in filling? I mean at this point they only owe batch 1 customers MPP which is never coming, and I dont expect to get any money for that.

The "debt" that you are referring to is everyone with a valid claim (MPP may be valid or maybe not just depends on how the terms of the MPP were written and what the judge will ultimately decide).  They did not file that they have secured creditors meaning all debt was unsecured, even with their vendors so we are all in the same boat.  There is also more money that can be recovered once everything goes through a fine tooth comb.

So, by doing whatever can be done to make money with existing assets and finding any ill gotten funds will hopefully get more than just the assets.