Ok, so, if the sale is approved LB would take every asset but the IP. They would give back a $3M debt to HF payable after two years and a LLC where they get to decide everything whatsoever always about anything, and where the declared goal is to make boards. If they are succesfull into making those boards, they would pay the $3M debt to HF and another $3M for us, the creditors, in the best case scenario. That would be after that the investment into the mine is repaid. Unsure of what happens if they successfully arrive at that point, since that I guess the share creditors would receive to depend on how many other shares would be emitted, that its not something I see on the terms, but its probably a problem of mine.
Sale Motion:
http://hashfast.org/Sale-Motion.PDFhttp://hashfast.org/Sale-Motion-Declaration.PDFhttp://hashfast.org/Sale-Motion-OST.PDFTranscript of the committee hearing with debtor (includes the one we dont have an audio for):
http://hashfast.org/071514.pdfhttp://hashfast.org/071514.2.pdf