The current terms call for the formation of a new company (sometimes called NewCo in the documents). We are not taking over Hashfast, or its estate or anything else; we are forming an new company and it is buying some assets from Hashfasts estate.
Once this new company (NewCo) is formed, Liquidbits/its investors will transfer $10 million to the new company in cash. This cash will then be used by NewCo to pay $2 million to the Hashfast estate for administrative/priority expenses and to satisfy executory contracts (who by law would be paid ahead of you or us anyway), and $8 million to pay to convert the chips and wafers into usable mining rigs and get them hosted (which is how the money to pay everyone back will be generated).
I think from your question you may have been thinking we were going to do something like give $10 million to the estate, then take over the estate and immediately get our money back. As you can see from the above explanation, this is simply not the case.
If that is the truth, it does not correspond with what you filed with the court. You have not filed with the court that you will fund the company with 10 million dollars of equity. Your document does not say that. It says 2 million. You have obligated yourselves to nothing more in the court filed document. So why are you on here stating 10 million will be put in newco immediately?
You also need to provide the math behind your claim that under liquidation we will only get 25 cents on the dollar since treat math does not add up to the sworn testimony that there are more than 8 million in inventory to be sold. Then you have the IP that can be sold. Those two alone get everyone over 80 cents on the dollar.
Why don't you list the inventory that you claim is only worth 25 cents?
You did not answer my question about why your claims here do NOT match your court filed document.
You also do not provide a list of the inventory that you are getting and your valuation of it to support your assertion to creditors that they will only get 25 cents on the dollar in liquidation and your deal of 0 cents to a maximum of 100 cents over two years is superior to that (both points are debatable).