Selling Eth when they owe lots of Eth is taking

Question

Selling Eth when they owe lots of Eth is taking

on directional risk. Do they have excess Eth (unlikely) or are they taking a directional bet that the market will go down and they can buy back cheaper? Any other explanations?

0

04.07.2022

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M H Автор вопроса

Autism Capital DOGE
They need the dollar to pay for electricity, water...

Highly unlikely reason. If they are selling to continue operations, assuming the lawyers have adviced a bk, this makes the board personally liable for any losses accrued beyond the point bk was adviced.

0

04.07.2022

M H Автор вопроса

So you are saying they can sell all assets to continue operations until assets run out, when being advised to go for bk? Maybe so but my point is, doing this makes the board personally liable for any additional losses from the point bk was advised. I can't imagine they'd want to ruin their own lives as well. It make more sense to just sell everything and settle up in the order they owe creditors than just to continue operations and owe more to creditors with less assets

0

04.07.2022

Al MicMac

M H
So you are saying they can sell all assets to cont...

Yeah it’s unlikely imo. Paying off debts & cutting staff Indicated opposite of BK Anything is possible , just the probabilities don’t swing that way

0

04.07.2022

Autism Capital DOGE · Accepted Answer

Autism Capital DOGE

They need the dollar to pay for electricity, water, servers, lawyers, and wages.

0

04.07.2022

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Selling Eth when they owe lots of Eth is taking

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