Quote from: armyof1ne on November 07, 2014, 08:17:10 AM

Quote from: perezoso on November 06, 2014, 02:36:16 PM

Wow, haven't been around here in a while. I see my question, regarding the auction of claims against Simon Barber, has been answered.

I just hope that whoever buys the asset will be transparent and let us all break out the popcorn and enjoy watching the process of trying to extract cash from the bastard.

You few who repeatedly complain about the initial bankruptcy filing, claiming it was the wrong thing to do, well, your complaint is based on a false premise. That premise being that the company was prepared and capable of fixing itself while meeting its outstanding obligations to customers. However this bankruptcy ends up, and it isn't going well for anybody (since HF spent money like Pablo Escobar), I think it is absolutely clear that the company was not going to do right to its customers, and those customers (including me) were quite reasonably acting within their rights to try to go in and fix it / or salvage. Turned out to be salvage since, as already mentioned, the irresponsible management had already blown through all the money without meeting obligations.

the dumbass "Liquidation was the only way to get our money back, and it will work because i have friends that work in the law field and they say so" guy.... Lord have mercy... its nice to have these drastic ranges of IQ's on here... thanks for being my wingman.

Actually that is not the premise i took, im sorry you are too naive to see that, or acknowledge that after repeated bashing... or just incapable of understanding that people with a whole shitton of money were going to try to buy out the company and get a whole new crew in there, Anybody with any knowledge of bitcoin would have known the real money is in chip design for asics, sure mining can be good, but look at everyone here, how many millions did they get out of us? tell me how many millions the average miner gets?...

the fact that you still ignorantly hold on to the notion that it was the right course of action proves you have no understanding whatsover of the legal system and how long these things take, i am sorry that you feel you were correct in filing, it was a bad move. if there was even the slimmest chance of recourse, that has been utterly destroyed by the fiasco this has become, started by a group of greedy ignorant people listening to a lawyer, guess what his occupation is, oh snap... petition for liquidation, on what fucking planet did you ever think that would work? do you know the odds? 1 in a million? 1 in a trillion?

Tell me the odds of everyone having their refunds back with a few hundred million sitting with new people in place, 1 in 5 chances, 1 in 3? once you start working with numbers, its a lot easier. its a shame there wasn't anyone on "the council" of people trying to force that, i wish i had been, either way you look at it, you fucked up.

The premise that legal action would inevitably result in only lawyers getting paid has been demonstrated to be true.

armyof1ne is correct, there was at least a 20% to 33% chance of us getting something rather than nothing if HF had been allowed to recapitalize and reorganize. Their existing design was a generation ahead of everyone else except Cointerra, and their next gen 16nm 3d FinFET chip would have destroyed the competition.

Congratulations to all you litigious lawsuit-happy laughingstocks! Cutting off your noses to spite your faces sure was a great strategy! Roll Eyes

Quote

"Yes, somebody could buy claims against Barber. Im not sure those have any value though." -Ray 'I'll fight for your windfall' Gallo