Celsius loans/debts (leverage, mining investment, investors in Celsius as company) is worth let’s say 4b and GS is offering 2b. Once accepted GS pays investors, pays back loans and is left with mining facilities and (our) remaining collateral without obligation to give it back?
Then that 2b is used to pay in first place to accredited investors from storage accounts and whatever is left to the rest of people (outside US) from earn account?
No, most likely 4 bn illiquid assets get sold for 2bn usd, 2bn is then used to pay secured creditors, then the lawyers and courts, theb what little is left goes to us, the unsecured creditors. Most likely 10 or 20 percent after the years long court case. It's a horrible reality pill to swallow
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