Quote from: scr3u.ucr3trs on July 28, 2014, 08:34:19 PM

Quote from: kikaha on July 28, 2014, 02:26:22 PM

There are 3 alternatives that I see on the table at the present time (in no specific order).

1. Liquidation. Force HF back into Chapter 7, assign a trustee, and all the creditors split all moneys (from inventory, IP, bank accounts, Bitcoin wallets) recovered after legal fees.

2. Liquid Bits proposal. Scared has answer some questions but it seems that there are still more to be answered.

3. Franchise proposal. The sad thing is it is seems to be tied in with Eduardo. Eduardo has been seen multiple times last week, walking his dog in the SF financial district, talking in Spanish, often mentioning the name "Guido", and talking about this proposal (overheard by people who understand Spanish and got taken by HF).

Regardless of tactics by HF or their attorneys, is there someone to force a conclusion to this sooner than later?

Those are 3 alternatives, little money to creditors (dimes on dollars), bird in hand with current deal but they don't really like it but can't say why, or a deal that might possibly exist if they pull it together, and if it might have any real terms behind it and if there is anyone on the creditors committee that will fund it and if. Well sadly the creditors aren't going to get much now other than legal and administrative expenses.

Why do the creditors committee not like the current deal to return money to the creditors? what is the next alternative (aside from running up more legal bills and arguments in the courtrooms)? The inventory value has shrunk 30% since the battles started. keep going and soon it will be same as liquidation anyway. And what about the suppliers that hold the inventory, don't they have to get paid? How does that work in the franchise model posted where no money changes hands but inventory is given away? How does that idea even get managed? Is it the remaining HashFast team that is supposed to work those untenable logistics?

Neither of you is a creditor so you should not worry about it and just focus on taking your puppet show on the road to entertain lids.