1. Best option is Celsius gets funding/loans and resumes withdrawals, obviously. 2. The next best option is bankrupcy, during which various company's assets are sold (miners and subsidiaries), and we recover most. 3. Worst option in my opinion is some deal brokered by Dixon, in which we are guaranteed to get a haircut and perhaps equity in Celsius, which not all people would want.

25.06.2022

M N M

A A
1. Best option is Celsius gets funding/loans and r...

I definitely agree with 1. But 2 and 3 you’re making a lot of assumptions. How would we recover “most”? For all we know they might be 90% in the hole. Pay the lawyers and we get 0. Im not sure Dixon’s plan is the solution either and tbh I don’t think he knows the specifics himself. But if I got 70% back this year, I can turn that in to much more than 100% in 5-10 years via traditional bankruptcy measures

25.06.2022

lin

A A
1. Best option is Celsius gets funding/loans and r...

But how do u knw they have enough cryptos in their balance sheet for everybody to withdraw?

25.06.2022

A A

M N M
I definitely agree with 1. But 2 and 3 you’re maki...

I'm trying to make as few assumptions as possible but I estimate the value of Celsius assets to be up to 1B which during fire sales would yield maybe 500M. Lawyers and bankruptcy fees would cost much less.

25.06.2022

A A

lin
But how do u knw they have enough cryptos in their...

For which option? They likely don't.

25.06.2022

lin

For option 2

25.06.2022

A A

lin
For option 2

Yep, they likely don't. Nobody knows. Depending on how much they were impaired through institutional loans.

25.06.2022

M N M

lin
But how do u knw they have enough cryptos in their...

We don’t know. No one does in the public right now. Dixon’s plan is about getting the company back on track and prospering at a future date, yet the tokens you receive today could be traded on the secondary market.

25.06.2022

M N M

A A
I'm trying to make as few assumptions as possible ...

I’ve been involved in similar processes. Legal fees will chew up a lot more than you expect. And even 500mil- we’re not first in line.

25.06.2022

Dirk | Won’t DM | CVM

its not. they need execs to win and other backend investors. we gave them money to fulfill this.

25.06.2022

A A

M N M
I’ve been involved in similar processes. Legal fee...

We are first in line

25.06.2022

M N M

A A
We are first in line

Creditors are always first.

25.06.2022

A A

M N M
Creditors are always first.

That's why dixon doesn't like bankruptcy because he'll be left with nothing

25.06.2022

Liam

A A
1. Best option is Celsius gets funding/loans and r...

One! Please let the Savior show up

25.06.2022

Moloko

M N M
I definitely agree with 1. But 2 and 3 you’re maki...

The best option would be that Celsius continue the business with external funding / partners along with a restructuring of operations / management through the support of the legal firm, then to re-allow capped withdrawals. Second best is that they accept an incorporation with another crypto company that has similar business model such as Nexo or whatever and they continue operation with a single portfolio

25.06.2022

C_Jobs

M N M
I definitely agree with 1. But 2 and 3 you’re maki...

Dixon’s plan can be applied to exchange that takes 100% trading fees not to Celsius that was to give 80% income to community and have not much other sources of income to compensate to new token holders - at least not in bear market. Irony would be that we were to become unbanked but instead our assets might be bought by banks on a discount and be wasted on legal fees and compensations to large investors.

25.06.2022

Похожие вопросы

Celsius Community / QDV V

Hello 👋 all. Are creditors receiving the second distribution soon?

17.11.2024

2 ответов

Celsius Community / CR COMM

Will every person gets 2nd distribution who already got 1st distribution, in addition to Iconic shares???

15.11.2024

2 ответов

Celsius Community / N

Just got an Ionic Digital email. Is this a scam? "Dear Ionic Digital Shareholder, Earlier this year we sent you a welcome email when you became an Ionic Digital Inc. sharehol...

10.10.2024

3 ответов

Celsius Community / CR COMM

Is there anything needs to be done for 2nd distribution?

15.11.2024

1 ответов

Celsius Community / GR Austin

Hello. . I'm Austin who live in Korea. I had BTC, ETH in Celcius. Recently I found the news that I can receive my coin. Is it right? And is there a person who can help me. I ...

01.11.2024

2 ответов

Celsius Community / Shubhanshu 0.03

indian people did you receive the cheque?

15.06.2024

27 ответов

Celsius Community / E J

What' is convenience class? I forgot

15.11.2024

1 ответов

Celsius Community / Samantha

Hi! Does anyone know what will happen to the rest of our currencies? I noticed they only converted my ETH and BTC. Most of my funds are in LINK. :(

26.10.2024

3 ответов

Celsius Community / Matt

For the creditors who received recoveries through the hyperwallet site, does anyone know if they are supposed to get Ionic stock as well?

01.11.2024

2 ответов

Celsius Community / IndiFlana 4 Elephant.money

Is this legit? It came as a direct reply to an email I sent regarding my check in the mail not arriving. >> You will be receiving your Celsius claim distribution in US Dollar...

11.03.2024

14 ответов

Смотреть еще

Похожие чаты

Can anybody explain me how filing bankruptcy is in the

22 ответов

Похожие вопросы