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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865475 times)
vokain
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June 24, 2014, 08:01:44 PM
 #9921

So, who is the lawyer of the committee?

We're seeing lawyers pitch tomorrow or something and then we vote Thursday or friday

edit: we're voting sometime the same day they pitch

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cedivad
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June 24, 2014, 08:37:33 PM
 #9922

I've paid for I think 20 documents on inforuptcy today. Many of them are really interesting, but I'm too tired to upload them on hashfast.org. I should write a script or something.

If you have some time, register there and download them for free. It will make for an interesting reading.

Among other things, HF made sales for 20 millions (!!!), have 15 in liabilities (without considering BTC refunds (!!!)) and tecnologies LLC made a 1M transfer to hashfast llc (!!!)... I certainly forgot a lot of interesting stuff because this is only what I remember from a few hours ago. So go there, register for free, download everything and learn something.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
tacotime
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June 25, 2014, 01:23:17 AM
 #9923

I got the Chapter 11 claim yesterday.

As I got my units, vaguely on time as compared to their contract, I don't plan to complain at the current time. But I hope all of you guys can recoup something.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
stan258
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June 25, 2014, 02:47:08 AM
 #9924

Did you guys file claims?


Please let them know the small orders represents individual people and the capital investments that was committed was individual not institutional funds. Cdavid is correct. Please request a forensic accountant to look at the books as they moved cap ex between the LLCs which is why they want seperate approach to each.

Edit the chaper 11 LLC may have been paying all of the expenses... Wheres the other LLC is all profit. This is legal to an extent. I can have an shell LLC charge rent to the parent company Or lease a paid off vehicle to pay less taxes. US tax code is what it is.
Legend21
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June 25, 2014, 03:09:05 AM
 #9925

YES PLEASE LET US KNOW ABOUT SMALL ORDERS? What must we do, i also cant read law letters, its confusing me  Huh Grin


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stan258
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June 25, 2014, 03:50:00 AM
 #9926

YES PLEASE LET US KNOW ABOUT SMALL ORDERS? What must we do, i also cant read law letters, its confusing me  Huh Grin

Only thing you can do is file the claim.

The only positive thing I can see is they filed in San Francisco California.  Very liberal and very keen on consumer protection. They should have filed in another state like Gox did that's pro big business. Our rep will need to be assertive regarding individual funds compared to institutional funds on the hope he can get a higher percentage of the money back compared to the institutions. This committee is every man for himself.  Their is not enough funds left to go around.  They know HF is dead and they will try to recover as much of their investments or outstanding bills as possible. I have been out of this realm for many years because I hate it.  The representatives may be professionals who have a bonus tired to the funds that they recover.


vokain hammer them on the personal aspect please. 



Creditors' Committee definition:
The secured creditors' committee consists of lenders that have a first claim on assets that collateralize their loans. Members within the unsecured creditors committee generally have more or less power depending on the amount they are owed. Although the court will take into account the position of the creditors' committee, the bankruptcy trustee has ultimate power in deciding what is fair to all parties.
   
RoadStress
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June 25, 2014, 04:08:52 AM
 #9927

I got the Chapter 11 claim yesterday.

As I got my units, vaguely on time as compared to their contract, I don't plan to complain at the current time. But I hope all of you guys can recoup something.

I so told you so...

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
julz
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June 25, 2014, 05:00:13 AM
 #9928

Anyone waiting for BJ upgrade kits and not seeing their name on the list?
1 fully paid for (with BTC) upgraded BJ and not seeing myself on the list :/

Same.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
stan258
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June 25, 2014, 05:03:15 AM
 #9929

File the claim. The list is only WHAT Hashfast is claiming. If they have crap accounting or just lazy beekeeping you wont be on this list.
vokain
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June 25, 2014, 07:08:18 AM
 #9930

Did you guys file claims?


Please let them know the small orders represents individual people and the capital investments that was committed was individual not institutional funds. Cdavid is correct. Please request a forensic accountant to look at the books as they moved cap ex between the LLCs which is why they want seperate approach to each.

Edit the chaper 11 LLC may have been paying all of the expenses... Wheres the other LLC is all profit. This is legal to an extent. I can have an shell LLC charge rent to the parent company Or lease a paid off vehicle to pay less taxes. US tax code is what it is.

Noted, I'm in the same boat as you individual small orders, just that I (unfortunately) have a bigger order.

Of course it'll be in all us creditors' best interests to have some serious auditing done to claw back as much of what is due to us as possible.

Again, please file your claims if you have a legitimate claim, so that you can be accounted for.

YES PLEASE LET US KNOW ABOUT SMALL ORDERS? What must we do, i also cant read law letters, its confusing me  Huh Grin

Only thing you can do is file the claim.

The only positive thing I can see is they filed in San Francisco California.  Very liberal and very keen on consumer protection. They should have filed in another state like Gox did that's pro big business. Our rep will need to be assertive regarding individual funds compared to institutional funds on the hope he can get a higher percentage of the money back compared to the institutions. This committee is every man for himself.  Their is not enough funds left to go around.  They know HF is dead and they will try to recover as much of their investments or outstanding bills as possible. I have been out of this realm for many years because I hate it.  The representatives may be professionals who have a bonus tired to the funds that they recover.

vokain hammer them on the personal aspect please.  

Creditors' Committee definition:
The secured creditors' committee consists of lenders that have a first claim on assets that collateralize their loans. Members within the unsecured creditors committee generally have more or less power depending on the amount they are owed. Although the court will take into account the position of the creditors' committee, the bankruptcy trustee has ultimate power in deciding what is fair to all parties.
    
Note to future self: avoid any sort of situation that might invite me to deal with courts of law ever again if at all possible.

Stan, to clarify, when you say "personal aspect" you do mean "small orders represents individual people"? I don't quite follow what you mean by "Our rep will need to be assertive regarding individual funds compared to institutional funds on the hope he can get a higher percentage of the money back compared to the institutions." I'm currently interpreting this that this whole debacle probably hurts individual purchasers more than the individuals of an institution that purchased from HashFast. If so, then of course. The trustee is in SF so like you said, hopefully we stand a good chance of her being as fair as possible to those who suffered most from this

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━━━━
/

     ▄████▄
 ▄▄▄████████▄▄▄
▄██████████████▄
▀██▀ ▀█  ▀█ ███▀
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▀██████████████▀
 ▀▀▀████████▀▀▀
     ▀████▀
API FOR YOUR
PROJECTS

━━━━

  █
  █
  █
████
  █
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  █
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stan258
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June 25, 2014, 12:37:13 PM
 #9931

Usually the court has compassion towards individuals who are owed money. If its compared to a company that clears millions in profit. The court may award more funds you're way. 
armyof1ne
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June 25, 2014, 12:55:53 PM
 #9932

just a small reminder, the US legal system uses MM/DD/YYYY format vs DD/MM/YYYY there were some people freaking out saying the "time to file has passed" which is obviously not true, hell i didn't get my letter until june 14th... since there really isn't much in the way of options anymore (once again, thanks *insert extreme glaring sarcasm*) it would behoove people to file, you have until 10/6/2014 according to the letter.
stan258
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June 25, 2014, 12:58:44 PM
 #9933

Did you guys file claims?


Please let them know the small orders represents individual people and the capital investments that was committed was individual not institutional funds. Cdavid is correct. Please request a forensic accountant to look at the books as they moved cap ex between the LLCs which is why they want seperate approach to each.

Edit the chaper 11 LLC may have been paying all of the expenses... Wheres the other LLC is all profit. This is legal to an extent. I can have an shell LLC charge rent to the parent company Or lease a paid off vehicle to pay less taxes. US tax code is what it is.

Noted, I'm in the same boat as you individual small orders, just that I (unfortunately) have a bigger order.

Of course it'll be in all us creditors' best interests to have some serious auditing done to claw back as much of what is due to us as possible.

Again, please file your claims if you have a legitimate claim, so that you can be accounted for.

YES PLEASE LET US KNOW ABOUT SMALL ORDERS? What must we do, i also cant read law letters, its confusing me  Huh Grin

Only thing you can do is file the claim.

The only positive thing I can see is they filed in San Francisco California.  Very liberal and very keen on consumer protection. They should have filed in another state like Gox did that's pro big business. Our rep will need to be assertive regarding individual funds compared to institutional funds on the hope he can get a higher percentage of the money back compared to the institutions. This committee is every man for himself.  Their is not enough funds left to go around.  They know HF is dead and they will try to recover as much of their investments or outstanding bills as possible. I have been out of this realm for many years because I hate it.  The representatives may be professionals who have a bonus tired to the funds that they recover.

vokain hammer them on the personal aspect please.  

Creditors' Committee definition:
The secured creditors' committee consists of lenders that have a first claim on assets that collateralize their loans. Members within the unsecured creditors committee generally have more or less power depending on the amount they are owed. Although the court will take into account the position of the creditors' committee, the bankruptcy trustee has ultimate power in deciding what is fair to all parties.
    
Note to future self: avoid any sort of situation that might invite me to deal with courts of law ever again if at all possible.

Stan, to clarify, when you say "personal aspect" you do mean "small orders represents individual people"? I don't quite follow what you mean by "Our rep will need to be assertive regarding individual funds compared to institutional funds on the hope he can get a higher percentage of the money back compared to the institutions." I'm currently interpreting this that this whole debacle probably hurts individual purchasers more than the individuals of an institution that purchased from HashFast. If so, then of course. The trustee is in SF so like you said, hopefully we stand a good chance of her being as fair as possible to those who suffered most from this

Individual funds meaning personal assets you used to fund HF orders compared to a large company like Uniquify. Yes the dollar per dollar affect on us as a loss is more harmful and cant be as absorbed as easily. If they claim they have only 5 million left and looks like they didn't put everybody they owed money to on this claim.  

The crazy part about that is technically the orders they didn't add to the claim they will still owe compensation after bankruptcy. If HF knows their wont be a HF after bankruptcy they just do not care. A legitimate company that wants to stabilize after a bankruptcy would have been more attentive to adding all creditors to the filling, pay them off and restructure. I would meet you for lunch if I still worked 2 streets back off Civic Center Bart station.  
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June 25, 2014, 02:36:58 PM
 #9934

so, whats the good news here...

armyof1ne
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June 25, 2014, 03:04:14 PM
 #9935

so, whats the good news here...
Everyone that purchased from them, should be able to whistle from their butt!... it can be entertaining!
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June 25, 2014, 03:22:21 PM
 #9936

I'm on the creditors list and have not heard anything. How long ago did you guys receive mail from the court?

I got a letter about 10 days ago.

After receiving this letter, is any action required?
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June 25, 2014, 06:00:04 PM
 #9937

where can i file my claim? I live in the Netherlands, please someone help me or assist me?? links?? or something?


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for interacting with the world
|.

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BitCoin Operated Boy
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June 25, 2014, 08:03:50 PM
 #9938

Did you guys file claims?

Yes. I was on original list but adress wasn't full so I filed a claim anyway. I'm from UK
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June 25, 2014, 08:06:22 PM
 #9939

where can i file my claim? I live in the Netherlands, please someone help me or assist me?? links?? or something?
Here you go:
https://ecf.canb.uscourts.gov/cgi-bin/autoFilingClaims.pl

You may need to file claim twice as it doesnt process right away. Because of non US address it rejects post code. I typed zip code as CA 00 00
cedivad
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June 25, 2014, 09:30:59 PM
 #9940

I was on original list but adress wasn't full so I filed a claim anyway.
You would have need to file a claim even if your address in that list was correct. Everyone needs to do so regardless of the list.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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