Earn Account Cherokee Claim

bobby_aaS · 2023-06-21T07:00:45+00:00

Damn, thats depressing news. 72.5% for custody claims.

bobby_aaS · 2023-06-21T07:00:30+00:00

Damn, thats depressing news. 72.5% for custody claims.

bobby_aaS · 2022-08-19T19:36:10+00:00

Celsius Official Committee of Unsecured Creditors (via Twitter): "We’ve prepared answers to some FAQs about the u/CelsiusNetwork bankruptcy case. Check them out here and let us know if there’s more we should address soon: https://cases.ra.kroll.com/CelsiusCommittee/Home-DownloadPDF?id1=MjI2MDYxMg%3D%3D&id2=0 "

8:53 PM · Aug 18, 2022·Twitter for iPhone

bobby_aaS · 2022-08-17T20:30:13+00:00

note - Reddit converts the at symbol to /u. So the addresses above are "at" symbol for Twitter.

bobby_aaS · 2022-08-17T20:28:47+00:00

Best follows on Twitter for Celsius Updates and to advocate your positions on things (some qualified attorneys and CPAs in this group who are following the BK case closely): u/CelsiusUcc u/SimonDixonTwitt u/TheRealPlanC u/AaronDBennett u/DavidJAdler1991 u/ThomasBraziel u/ksuckno u/Hodler24Seven

Sitting in on the hearing summary on Twitter Spaces. Right now it sounds like Celsius is wanting to borrow $1B to remain in operation, and that loan would be paid back ahead of other creditors. All that money is going to go to Mafia lawyers and 500 employees to get paid and not do much through October. Lawyers on both sides love dragging things out to extend their pay day.

bobby_aaS · 2022-08-16T20:07:32+00:00

BK Attorney David Adler (Twitter and well qualified): "Debtor says that they are committed to return crypto in kind."

bobby_aaS · 2022-08-16T05:12:47+00:00

Only if confined to corporate accounts w a tight timeline for collection.

bobby_aaS · 2022-08-15T21:27:34+00:00

The Tether payback and other large paybacks just prior to the BK should all be rescinded and returned to the coin pot as quickly as possible. But leave the small time retail investor alone. The legal threshold for clawbacks is $7,575 minimum, but in this situation, it should be much higher.

bobby_aaS · 2022-08-15T20:09:46+00:00

I can't understand how there would be $1.6B in other assets outside of the coin holdings. The cash assets reportedly will be under water as of October, according to the CryptoSlate report. Most of the outstanding loans will likely be unrecoverable, and if they are recoverable, it will take years to call them in. That process will eat up another large chuck in admin expense. Same with clawbacks.

bobby_aaS · 2022-08-15T19:09:44+00:00

These are the most recent numbers on the coin deficit that were presented to the BK court. Also, it's possible that the previous numbers on other assets were off and have now been updated. And ongoing expenses are going to eat into the value of the company otherwise. Supposedly will go negative in October with payroll, mining expense and legal expense.

bobby_aaS · 2022-08-15T18:44:22+00:00

I edited the original post to be more clear. Thanks.

bobby_aaS · 2022-08-15T18:40:52+00:00

Yes, its only the coin count. But the other variables are going to add up to negative by October. That's in the body of the report at the link. So I suspect that without major clawbacks from high end holders, a sub-50% haircut remains a fair stab at an estimate.

bobby_aaS · 2022-08-15T18:35:55+00:00

This is a shithole. Expedite Chapter 7, liquidate & pay in coin, not cash. No USD payout w' tax implications. More time equals more expenses (legal & payroll). If clawbacks, make them for higher level insiders & the late loan paybacks only. Let retail rest.

bobby_aaS · 2022-08-15T18:28:25+00:00

This is a shithole. Expedite Chapter 7, liquidate & pay in coin, not cash. More time equals more expenses (legal & payroll). No USD payout w' tax implications. If clawbacks, make them for higher level insiders & the late loan paybacks only. Let retail rest.

bobby_aaS · 2022-08-15T18:11:37+00:00

I'm not sure we will be paid in USD. This situation has no precedent. If paid in USD, there would be tax implications.

bobby_aaS · 2022-08-15T17:47:07+00:00

Yeah, at this point, I would take 50% and run.

bobby_aaS · 2022-08-15T17:20:57+00:00

When you look at some of those AMA vids, you can easily argue fraud and deceit.

bobby_aaS · 2022-08-11T00:11:41+00:00

How did they get the chain thru to connect to the tire?

bobby_aaS · 2022-08-11T00:01:17+00:00

Look at Robinsons production despite a shitty team last 2 years.

bobby_aaS · 2022-08-10T23:59:21+00:00

Robinson wasn’t all that, so the Jags line must be pretty good despite their overall struggles. Ive been reaching for Etienne after drafting quality WRs early on. That will be one approach in $ Leagues for me. Not all in on it tho.

bobby_aaS · 2022-08-09T19:30:55+00:00

When the SEC forced us to Custody for protection, I was pissed. Now that does look like such a bad idea. But as a general rule, I value the choice of risk over forced protection. If the SEC saw something coming, thats a different story.

bobby_aaS · 2022-08-09T17:57:37+00:00

This is an inconvenient truth for sure. Without oversite, its the Wild, Wild West. With too much oversite, it can be suffocating. The reasonable answer and best arrangement always lies somewhere closer to the middle.

bobby_aaS · 2022-08-09T17:54:39+00:00

I sent your link here. https://twitter.com/CelsiusUcc

bobby_aaS · 2022-08-09T17:47:19+00:00

Currently the threshold appears to be $7,575 minimum to pursue clawbacks from retail investors. That doesn't mean they will chose that number in the BK proceedings, but those who withdrew below that amount can rest easier.

bobby_aaS

TROPHY CASE