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I apologize if you took that the wrong way. It is just very frustrating to have been lurking these forums for six month and not being able to bypass the stupid first post waiting period to finally come in and get a word in. You are right. You have said these things in the past but no one believed you.
At this point the only facts are:
1. Two open cases in Santa Clara court. No decisions as of yet. Wouldn't this have to be resolved first before a proceeding?
http://www.sccaseinfo.org/pa6.asp?process_name=process_index_party2&search_string=Terrahash+Inc.&case_type=All&display_name=Terrahash+Inc.
I know at the minimum to start a class action lawsuit we would need a total of 25 people to reduce the legal fees.
If a company makes a Chapter 11 proceeding does that show up in public records somewhere that we can search? We need to apply pressure regardless of whether or not we get anything back. Amir is a criminal as far as I am concerned and I don't think he should walk away from this without having some dire consequences.
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OK. You and me, we got no problems! Everything is good!
I'll answer your questions as best I can, based upon my own personal experience and the relevant laws.
First, if Terrahash were a bird, it would appear to be alive only because it is nailed to its perch.
By its own admission Terrahash has no money, no assets and people have seen dirty laundry tossed about the formerly rented premises of its offices.
Well now...............
A Chapter Eleven is a reorganisation bankruptcy, which goes like this:
Company filing says: "OK, we got some problems but we can fix it, so we are filing this proceeding to get the time we need to straighten out things." So, depending on how the Court handles the filing it could be that no one loses any money or at least not much.
" A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court."
http://www.sec.gov/investor/pubs/bankrupt.htmTerrahash has no money, no assets and has already made the statement that it will file but was trying to put it off.
Terrahash, IMHO, will file a Chapter Seven bankruptcy; what we in the biz call a "Straight Fuck You."
"Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors."
I wonder how far that dirty laundry will go towards settling the debts?
You can sue all you like but if there are no assets, you're not going to get anything but a paper judgement, worth nothing.
Want to go after the people who started and ran Terrahash?
Get busy, get a ton of money and start a bunch of new actions because those people are not directly involved in the corporate bankruptcy until a court of competent jurisdictions says they are.
"Class Action"?
Against what?
A broke-assed company?
So it seems that someone may have run off with the BTC.
OK.
Good luck finding out who did; that whole anonymity of crypto thing.
Even better luck finding out where the money went!
It's over and everyone would be much better off buying a bunch of Scrypt mining rigs and start earning rather than paying Legalman good money after bad.
My $.02.
