[/quote]


There really isn't any justification for the creditors to finance LB for the next 2 years for less than we could recover selling everything today.
[/quote]

But who is willing to purchase the entire inventory of chips TODAY from estate?  LB appears to be the only dog in this fight as HF and LB both claim that the inventory has been shopped around to multiple buyers with no interest.  Debtor in possession financing also appears to be a no go in order for HF to build them out themselves.   Time is of the essence on this matter.

LB is also willing to waive their $5.3 million claim on the estate, so they are essentially trading their equity stake in estate for usable inventory(with additional investment).  By my calculations they are getting these chips for market value of ~ $200 chip ($5.3 million/27k chips +/-).  I agree that a 2yr. time frame for full payback is too extended, but they do make concessions for this contingency including full payment of equity units prior to LB(newco) ever taking a dividend or disbursement and having the promissory note secured against assets of the "newco".  LB can't be expected to take all the upfront risks on this proposal and since they are taking risk capital to build out these miners, they are entitled to un-guaranteed longer term gains.  Time is of the essence on this matter.

What exactly is the sticking point for the creditor's committee on this proposed sale?  it sounds like it is time duration on note/equity units? Please enlighten us...  have not seen any update on committee website either?

who are you?  the forum police.  it is the place to discuss this as the thread u referred to is dead and dying, along with this one I might add since Phil the engineer was disappeared by CEO Eduardo.  Everything I stated is germane to this thread and the matter at hand, specifically the lack of an updated firmware for these poorly performing boards and precisely why that firmware won't be released:  the scammers and marketeers at scamfast are trying to rake their customers over the coals again for just a few more coins.  Been there and have the BFL shirt to prove it.  Nice try eduardo.  You and your ilk are the reason bitcoin is in such trouble.  Eating your own does nobody any good.

Looks like HF-Engineer has been muzzled by his "libertarian superiors" from commenting further on these boards.  Also, looks like Scamfast will not release much anticipated firmware update due to the fact that they are going to "try" and get another product cycle out of 28nm golden nonce with an updated PCB motherboard and the updated firmware.  Shameless.  Looks like the marketing scumbags at scamfast are taking after US car manufacturers of the early 80's with planned obsolescence, designed to fail engineering forcing consumer to buy again prematurely.  Scumbags haven't even begun to ship sierra to any notable degree and are only shipping early batch 2, and yet they come out with "improved" Yoli board which does 2x the hashing of current boards.  I bet they already have these boards in house and ready to go but will not push them out with current orders because they are a bunch of greedy scumbags.  Scamfast is finished.  They have burned their goodwill with community.  No more.  Looks like they jettisoned John Skadronis(sp) head of marketing and VP.  Guess he wasn't willing to go along with their latest scam

http://hashfast.com/shop/yolievo/

what are you guys drawing for power at wall when you OC to 610 on your baby jet?  Curious to know if OCing uses a lot more power over stock?

Thanks in advance

Hi Phil,

Thanks for all of your help.  Do you happen to have the Samtec part no for that 2.0mm pitch 16 pin IDC ribbon cable for daisy chaining boards together?

Thanks in advance