So hay everyone, Got a quick question i hope someone can answer, out of the 11 million they supposedly have in cash and stock, how much of that is going to the lawyers before going to us? anyone know yet?
You sure you're not confusing this with BFL?
nope, so supposedly they said something around 11M in stock, 124,000 in cash, and some bitcoins(a small amount) originally in US cash using the bitcoin cost at the time of purchase, they have about 20M in debts, since bitcoins raised up quite a bit, 40M is now due from hashfast...
That is before lawyers fees. The auction is on the 8th of Dec... they feel their chips and everything else is worth around 11 million...(its probably going to be far less than that) i just wanted to know how much the lawyers are taking out of the available pool.
Unless bitcoin prices rise substantially between now and the auction, I would think the company has wasted most of their value. I would be shocked to see half of that bid by anyone.