all finished

[g83]

Any news?

About 2 weeks ago they had another meeting to discuss the LB deal- which apparently may be falling through.

For the record, everyone, as far as a refund actually being in our hands- that won't be until 2015 most likely. People still have until October to file claims. This will be a lonnng ordeal.

what does that mean ? what do we have to do? you organized a groupbuy, so imo it's up to you trying to get a refund and then pay us back what you get

[g83]

Any news?

About 2 weeks ago they had another meeting to discuss the LB deal- which apparently may be falling through.

For the record, everyone, as far as a refund actually being in our hands- that won't be until 2015 most likely. People still have until October to file claims. This will be a lonnng ordeal.

what does that mean ? what do we have to do? you organized a groupbuy, so imo it's up to you trying to get a refund and then pay us back what you get

Lawyers and hashfast are trying to come to a deal. The latest one fell through, meaning they are going to work on another one.

I'm well aware of what I organized, you're just repeating what is already being done and in play as we speak. I'm the one who is working with the lawyers while everyone else is sitting back saying "give me my money waldohoover".

With that said, I'm assuming you haven't been doing any reading in the threads of mine or any other hashfast thread or read news on our website that all shows that we are in a legal battle with HashFast and it's going to be a long one. There's not much news to update with until a deal is finalized. So until then, the lawyers will be fighting it out. I'll update everyone once the lawyers actually come to a  deal.

thanks for this short summary waldo, i did not follow your threads a long time - just read your last post and did not really understand it -- thanks again for your work !!

[tekke]

Anything new?

[Chef Ramsay]

Anything new?

2 and a half months ago it was reported that there was some odd thousand #s of chips going to be offered as repayment and then some intermediary set up to protect shareholders. I'm still pretty unclear about where we stand or what's going to happen.

[tekke]

Just passing by... any new piece of info? Thanks

[tekke]

https://www.cryptocoinsnews.com/bitcoin-mining-company-hashfast-bankruptcy-auction-announced/

thoughts about this?

[floatyfish]

Ah well, it was nice having some hope while it lasted. Wonder if we'll even see a Satoshi out of this.

[tekke]

more news

http://arstechnica.com/business/2014/12/mysterious-politician-steps-in-to-buy-bitcoin-startup-hashfasts-assets/

[forevernoob]

Waldo, be honest now. Is their any chance we will get anything back?

If there is nothing left how are we ever gonna get anything back?

[paulej]

Waldo, be honest now. Is their any chance we will get anything back?

If there is nothing left how are we ever gonna get anything back?

I can answer that.  It's pretty much a "no".  They filed for bankruptcy and apparently owe $40M.  What assets do they really have?  Likely nothing.  Maybe they might sell all assets for $1M, but I would venture to guess that is being generous.

So, if the assets were $1M and they owe $40M, then you're be lucky to be getting 1/40 of the dollars you paid.  So, if you paid $1000, you might get $25.

And, since the dollars you paid via Waldo are lower than the dollars paid to Hashfast, you're looking at something even less.

You might as well forget about it.

[forevernoob]

Yes, lesson learned.
Time to move on...

[Chef Ramsay]

What a way to close out 2014 on this note. The ultimate symbol of the last 12 months.

[likehiro]

Is this a dead thread? Nothing will happen with this? 

[Chef Ramsay]

Is this a dead thread? Nothing will happen with this? 

It's been pretty much like 4 months since I last took interest in this thread and at the time it was made known that hashcrap didn't have much if anything to sell to give back to former clients. Short answer, game over and we get nothing.

[Chef Ramsay]

I'm pretty much out the amount that most people on here would only dream of having in their wallet yet long forgotten and almost can't remember to that time.

[Chef Ramsay]

The testimony is that pre-orders are and were pure manure and I'm glad that this sort of thing is in the past. Even tho I have a decent accumulation in several wallets from that time.