Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
Minor Miner
on 29/10/2014, 16:34:07 UTC

How do you feel about HF's assets being auctioned off ASAP as I suggested months ago, when they still had some value?   Grin

Do you think you can win in a bidding war, given the resources Simon and Eduardo have available to buy the severely depreciated assets?

https://cases.processgeneral.com/cases/document/case/5/hashfast-technologies-llc/120713/

^^^ I like the part where Gallo says "I told you so" about the failed Liquidbits deal.   Cheesy
Auction?  That is what I wanted in MAY.  That is what chapter 7 would have caused (and we would have gotten our money back).
I have little doubt I could outbid them.  The winner of an auction will be the one that values the assets higher than the people they are bidding against.  And you are presuming I would even be a bidder at this point in time. 
Gallo is the one that was pushing the LBs deal that never would have settled and wasted everyone's time and chance of getting their money back.   A deal that wasted around 10M in auction value during the negotiation with a "company" that had not proven they had the clean capital to honor the deal.