a company lying off debt and lowering to 13600 for the short if bankruptcy is on the table. Bankruptcy is made to get out of debt clear. So why spend the money to make good on loans? Something is just not right. And yes, I only know what I see.
I think they tried their best, but after getting no loans or credit facilities, it is possible they threw in the towel on Friday, we will know in the next 29 hours, if no bk announced then highly probable another statement issued tomorrow
Encro is this really what you think?
At this point I just hope that they will put the stEth and staked Eth in a liquidating trust and pay out after the merge. In a forced sell it will be horrible.
If they have enough steth why not give it to ETH depositors instead? The problem is more complicated than that I think 🤔 😕
So tomorrow seems to be a crucial
Do we know if they have enough StETH? Does that make up the shortfall ?
Cause going from Seth to ethl you need to trade it on an exchange of dex. Right now Seth is trading lower then eth, but slowly climbing up. So its better to wait till the peg recovers. Otherwise they sell at a loss.
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