GREY:HYBOF - Post by User
Comment by
TomasGon Sep 08, 2020 3:57pm
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Post# 31521610
RE:RE:RE:Case Resolution (Looks like the ruling is in our favour)
RE:RE:RE:Case Resolution (Looks like the ruling is in our favour)wow! will the stock halt be lifted now?
Moneyhungry11 wrote: see below text in red. Correct my understanding, but they ruled in our favour. Walsh will have to pay back the money...it is ruled that he acted in bad faith.
"and concerns that HyperBlock may end up in bankruptcy, (Doc. 7 at ¶¶ 10, 56, 67), outweigh any hardship Project Spokane would suffer from the depreciation in the value of the servers. Further, the public interest favors "settling allegations of fraud and competing security interests" before allowing a contested foreclosure or disposition by a creditor. Jet Midwest, 953 F.3d at 1046."
IT IS ORDERED that Bonner Property Development's motion for preliminary injunction (Doc. 15) is GRANTED. Project Spokane, LLC and Sean Walsh are ENJOINED from selling or otherwise disposing of the fixtures, personal property described in Exhibit E-2 to the Fourth Amendment to Commercial Lease Agreement, and the 1,493 Bitmain Antminer S17+ servers until this action is resolved on the merits. The amount of bond, if any, will be determined within 21 days of the termination of settlement proceedings before Judge DeSoto.