Quote from: cedivad on July 26, 2014, 06:55:25 AM

Details of the franchising program:
http://hashfast.org/14-30725.161.6.pdf

Interesting. I wonder when the committee proposed this? It does not have a date on it.
BUT, it has a VERY interesting piece of information. On Page 5, it has a chart showing how much money was lost by Hashfast sitting around doing nothing.
One of the bars shows how much Liquidbits should have produced from the 8,000 bitcoins. That means they owe hashfast (the estate, creditors) over 2,000 bitcoins.

Ray Gallo gets all the committee stuff that the rest of us do not. He has been pushing this Liquidbits deal and demanding it get approved quickly (and telling us that the committee members are stupid for not listening to Ray Gallo). Since Ray had this presentation before we have see it, that means HE KNEW Liquidbits had liabilities to the estate and did not tell any of us that this "great deal Ray Gallo negotiated" was with someone that OWES the rest of the creditors money.

If this guy is your lawyer, I would really love to hear how you think he is representing you and your interests if he does not even disclose something as serious as this. Or did he tell all of you guys and just the rest of us creditors were left in the dark?

TLDR: There are more indications that liquidbits owes money into the estate from their PARTNERSHIP agreement with Hashfast, They were not a simple customer but were in a joint venture with Hashfast that required Liquidbits to build a mine and share proceeds (25% of revenue) with Hashfast. They did not make these payments. That means Liquidbits likely owes the estate money that can be pursued.