Core Scientific Inc (CORZ)

[TaperT2]

Haha now i know the story here Lots a Fish in the Sea tho , as mentioned

[TaperT2]

You still here Tom , Im out Hunting new plays , up nice from 18,s

[Enterprising Investor]

Rights Offering extended from 12/11/23 to 12/15/23 (12/07/23)

https://cases.stretto.com/public/X217/12024/PLEADINGS/1202412072380000000296.pdf

[SilverKnightLV]

My only issue with the presentation is that growth appears not to consider Bitcoin halvening expected in April.

[Enterprising Investor]

Emergence Overview (12/04/23)

https://www.sec.gov/Archives/edgar/data/1839341/000119312523288040/d31518dex991.htm

[price_and_volume]

Agreed, I pulled my bids a while back.

Still like $CORZ but will wait for a bit more clarity.

Plenty other BTC fish in the sea.

[Lostcoastkid]

Now that exit equity is clear and its trading at .48 cents Im glad I played smart and didn't marry this one.

Onward…..

LCK

[Lostcoastkid]

Closed my position this week. No one, including me can get clear on equity percentage for shareholders on BK exit. Totally happy with the realized gains….will take a look at Core again after BK exit/BTC halving

LCK

[Chilly1]

Interesting no one is talking about Core Scientific considering the upcoming catalyst.

[Lostcoastkid]

Aggressive, maybe….but I’m still holding a handful from .05, the add puts me at .16 and I’m total chill

All the best, good luck to you also :)

LCK

[MikeKnowsRunners]

Wow nice movement GLTA

[price_and_volume]

Aggressive add. Good luck.

The back test of .50 Added

I've been looking at .36 for re-entry but remain on the sidelines for now.

[Lostcoastkid]

And there we have it! The back test of .50

Added

LCK

[freddie me]

*****Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

[Tom turtles]

What a winner ! In at .19. Not selling a share.

[tapioca]

Since the interest rate hikes seem to be baked into the Markets now, hopefully Btc can make its way back above 30k again pulling the BTC stocks with it. Agree with any BK news taking Corz in either direction.

[Lostcoastkid]

As a chart dude…I think a retrace to that .50 range would be ideal. It blew through that on its way to 1.20…would be nice to see a back test as support…

Then again, any news on BK exit, shareholder equity etc and it could move hard imo. Thats either direction imo

LCK

[Skyline]

My first purchase here was at $0.20, wish I had bought more

[tapioca]

Yes, when BTC is moving north, but as we see, it turns fast when it backs up like it did Friday..

[Lostcoastkid]

Seems anything BTC related is really ripping

LCK

[price_and_volume]

Mine are all tracking similarly.

$CORZQ
$MARA
$HUT
$RIOT
$CLSK

The disappointment has been $BRPHF but whatevs, all doing pretty well.

GLTA

[tapioca]

Nice. RIOT looking at 20's, and Mara not far behind.
Have you seen SDIG? They were in .70 range, announced
a 1:10 r/s (to stay NAS compliant), stock dropped into .50's, split ended up in $5 range,
dropped into upper 3's, I bought a bunch more in mid $4's, and it's been flying.
Basically at 9.70 range now, or .97 pre-split, so I think theres still room north.
They came out with a nice 8k also.

[johnreiner]

Here’s the reorganization plan!

https://cases.stretto.com/public/X217/12024/PLEADINGS/1202406212380000000042.pdf

[Lostcoastkid]

I went very light because of the risk, I also got 7s that I sold to take out my original allocation so the rest were freebies. I’m holding RIOT and MSTR, don’t think I will trade them at this point, let the BTC cycle play out…

All the best

LCK

[tapioca]

I envy those who got in that early, amazing profit. I jumped in light at .22, so I’m still holding. I got out of MARA too early and still kicking myself. But Corz in BK a different story and certainly risky.

[Lostcoastkid]

Agreed, I let go of half my position at 1.20 this morning. Still have a handful from .05 that I will let ride and see how BK exit plays out

LCK

[tapioca]

Would seem that perhaps a positive outcome is coming since the stock has tripled in a few weeks here, but the pedestrian shareholders are always the ones in the dark until it happens.

[Lostcoastkid]

I dont see it either??? I did read in a previous filing that a BK exit is planned for Sept/Oct.

I wish we could could get clarity on the equity current shareholders will receive…I guess that's the gamble!

LCK

[tapioca]

I don’t see it either.

[77Port]

Where in the doc does it say this?

"CORZQ equity reinstated"

[Lostcoastkid]

Yo CORZQ! Boom shakalaka! Im still holding my .05 bag….think Im gonna let some go, holy cow. Would hold for the BTC bull but its still a gamble what equity shareholders will get upon BK exit

Any thoughts??

LCK

[freddie me]

CORZQ equity reinstated, exits bankrutcy by mid-October? https://www.proxydocs.com/0/001/919/028/core_scientific__ds_hearing_notice_dn_1024_5.pdf

[Golden Cross]

Wow is it popping

[tapioca]

Bullish move into dollar land, sweet.

[Golden Cross]

Looking good early +11%

[tapioca]

Beautiful, lol!

[Golden Cross]

Huge EOD

[Diligence Due]

Congrats on the 1 dollar here guys, throw them profits into cyxtq for round two ;)

[Golden Cross]

Agreed

[tapioca]

Need a positive update with BK proceedings.

[tapioca]

Yea it’s been here before, so I’ll feel better in upper 90’s, and then a strong move over a buck

[Golden Cross]

It is efforting it tapioca

[tapioca]

Need to break through .90 once and for all.

[Golden Cross]

Yes, Sir

[tapioca]

Agree, heating up

[Golden Cross]

Over $1 soon

[price_and_volume]

Closed the "bankruptcy gap" fwiw.

[freddie me]

imo $CORZQ will trade $2-4 after bankruptcy

my guess is old equity gets about 50% (or more) of new equity,
I thought about serving on equity committee

[77Port]

Thanks. I've been following Stocktwits, too. It's harder to follow than ihub as the threads are not easily kept together. I, too, haven't found the definitive answer but will continue to monitor. The conversation there does seem to be more comprehensive.

[Lostcoastkid]

Wheeeww! Complete face ripper. Gap closer???

Holding from .05 as that gap gets closer and closer…..

LCK