Quote from: AMT_miners on October 21, 2014, 02:33:21 PM

Quote from: RoadStress on October 21, 2014, 02:26:33 PM

Quote from: AMT_miners on October 21, 2014, 12:12:56 PM

Quote from: RoadStress on October 21, 2014, 11:53:54 AM

Quote from: AMT_miners on October 21, 2014, 11:46:00 AM

60% to chips. 30% to IMET. 10% + the Loan to deliver miners. Bankruptcy costs money, and we thought if the market held we may have been able to pull through. The idea was to get clients something instead of leaving them with nothing.

What happened with the IMET money? Did you recover anything? If not then why?

The IMET proceedings are still on going. The priority was the class action not the IMET suit. If you only have X for legal, you spend X on the most immediate concern. When the class action has come to a resolve, the IMET proceedings will continue.

But I thought that the class action was the result of the IMET thing. Why didn't you start with IMET proceedings before the class action?

The class action was filed on April 2nd, we still had issues with IMET's productions as well as and promises of success from them as well. The IMET case was filed sometime in May, because we were dealing with the beginning proceedings of the class action. If the class action never exsisted we would have only sued IMET, we would have won and went to China two months earlier and everyone would have received their miners.

*that* bit I do more or less agree on. The Class action was started much to soon which is why Opeium2 and I were pushing against it early on when there was a glimmer of hope that the design and mfg issues could be resolved.