Who else thinks we'll get 100% of our funds back?

To slow until we see anything back at us and usd denomination almost certainly AND no upside potential what so ever. That's how I see it and why chp7 is the worst outcome if you ask me

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04.08.2022

Kristian

amv1981
To slow until we see anything back at us and usd d...

We would at least get something back, and most likely faster than with ch11. Remember that the reason we are in this situation in the first place is that Celsius made several management mistakes and had an insolvent balance sheet for years which they not only failed to fix, but actually made worse over time. With that track record, why would you trust them to try and restructure and somehow give you more money back than what they could give you right now?

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04.08.2022

Torpedo

Kristian
I would prefer ch7.

Chapter 7 is only preferable if one have no trust in the ch11 process and outcome.

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04.08.2022

amv1981

I am not into Celsius fixing this but focusing on the other plans that will be proposed my Simon Dixon (and probably others aswell). This is part of a newco where we get a haircut, equity that can gain value over time and perhaps debt to be paid of by a profitable business. Simon has hinted that he is looking into some kind of bitcoin backed bond-ish setup. Add to that a potential mining op that can continue to mint fresh BTC which can help repay depositors. Of course there are many ifs but there are solutions and they have nothing to do with current Celsius management

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04.08.2022

Lex Luna DOGE

amv1981
I am not into Celsius fixing this but focusing on ...

Why should Simon use Celsius for that and not just build a new one, not tainted as the worst since Luna?

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04.08.2022

Joe - Won't Ever DM You First - Not an Admin · Accepted Answer

Joe - Won't Ever DM You First - Not an Admin

I highly doubt that

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04.08.2022

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Who else thinks we'll get 100% of our funds back?

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