Voyager Digital Ltd (VYGVQ)

[seth1640]

Regardless of the filing from the SEC, the bankruptcy court will decide if it approves the deal on January 5th.

[LoserTrying2Win]

SEC files objection to Binance.US’s plans to acquire Voyager Digital

https://cointelegraph.com/news/sec-files-objection-to-binance-us-s-plans-to-acquire-voyager-digital

The United States Securities and Exchange Commission (SEC) has filed a “limited objection” to crypto exchange Binance.US’s proposed $1 billion takeover of bankrupt crypto lender Voyager Digital, citing a lack of “necessary information.”

The limited objection was filed on Jan. 4, with the SEC pointing to a lack of detail regarding Binance.US’s ability to fund the acquisition, what Binance.US’s operations would look like following the deal, and how customer assets will be secured during and after the transaction.

A limited objection is similar to a normal objection but only applies to a specific part of the proceedings.

Additionally, the regulator also wants Voyager to provide more detail on what would happen should the transaction not be consummated by April 18.

In its filing, the SEC said it already communicated its concerns with Voyager and the lender intends to file a revised disclosure statement prior to a hearing on the matter.

Some commentators interpreted the objection as the SEC suggesting Binance.US would not be able to afford the acquisition without “some untoward dealing” such as receiving funds from Binance’s global entity.

While Binance CEO Changpeng Zhao (CZ) has publicly stated that Binance.US was a “fully independent entity,” an Oct. 17 Reuters report alleged that the U.S. entity acts more like a “de facto subsidiary” that was created to “insulate Binance from U.S. regulators.”

In response, CZ argued in an Oct. 17 blog post that Binance was committed to complying with regulators, that the author of the article was reporting in a biased manner and had used a presentation provided by an external consultant that was never implemented.


Voyager announced on Dec. 19 that it had agreed to Binance.US’s bid to acquire its assets, in a deal worth $1.022 billion in total.

The lender noted in a press release that the bid was the “highest and best bid for its assets,” which would maximize the value returned to customers and creditors “on an expedited timeframe.”

Voyager announced on Sept. 27 that FTX.US had won the auction for its assets with an offer of $1.4 billion, which would have seen customers recover 72% of their frozen crypto, a deal that has since fallen through.

[LoserTrying2Win]

As stated again I"m holding regardless. If the "lady on the phone" thinks there is a "good chance" of the voyager stock continuing to exist in any kind of meaningful way then she should be taking out loans to buy as much as possible.

Under the FTX deal shareholders were class 9. Meaning Class 1-8 would have to get their claims settled first before shareholders saw a penny and the 1.4 billion wasn't enough to do that. It was largely just a crypto sale with a little left over for Voyager to pay out some of their claims. FTX was taking the crypto/accounts and moving on leaving voyager with nothing.

I will assume Binance is doing the same thing, as the stock price and volume certainly indicates that at right now. After I get to read the proposal when it comes out I can confirm that or not. I care zero about a supposed "lady on the phone" and will look at the evidence when it is available.

[stervc]

LoserTrying2Win, respectfully...

I'm not disagreeing with you. Although the lady said that there is a good chance that the common shares will remain intact on one hand, on the other hand she said that to wait and see what is released after the court date to meet on Jan 5, 2023.

I'm taking the risk that since they are willing to pay up to $2 Billion for VYGVQ from what the lady told me, making sure the shareholders here are ok would only be a drop in the bucket to Binance.

v/r
Sterling

[LoserTrying2Win]

I"m holding regardless as I'm down 97% and don't care about the last 3%

The FTX plan would have 100% left the share holders with nothing if it was approved, so thankfully that didn't occur.

I don't know enough about the Binance plan, as that haven't put out all the details like the FTX deal, but if it was going to good for stockholders I"m pretty sure it wouldn't be trading at .02 without much volume the day before.

Good luck to all

[WHITTENHALLJR]

True… keeping and eye here just in case
Thanks

[stervc]

longrichard, for all to confirm...

It's real simple. Call the number within the link that VYGVQ provided. The lady I spoke to said that things could always change, but right now, there is a chance that the common shares could remain 100% intact.

Just pickup the phone and call the number that VYGVQ provided. I'm only sharing what I was told. I've been in BK stocks before to where things were said one way one day, then changed later the next day or so. The lady told me to go by what is going to be decided as the decision that will be made for their reorganization plan on Jan 5, 2023 for what will happen with the common shares, but she said that as of now, there is a chance that they could remain 100% intact. Do your own DD and report back to the forum to share what you are told.

If you are told something different, then I will give you the name of the lady I spoke to and you can give the name of the person that you spoke to so that we can let them speak and figure out what to consistently tell people so that they can be on the same page. Please, don't believe me, just pick up the phone and call them. Call the number within that link within their PR that I previously mentioned.

v/r
Sterling

[longrichard]

Respectfully as such NAH. lol

[stervc]

VYGVQ common shares remain intact possibly...

With these bankruptcy stocks things sometime get a little tricky all the way up to the reorganization plan. First I went through some of the court dockets within the pacer database where some things were a little unclear. Then I went to some of their earlier PRs and had seen where the company stated... "This comprehensive reorganization is the best way to protect assets on the platform and maximize value for all stakeholders..." and another statement that read... "The Company continues to evaluate all strategic alternatives to maximize value for stakeholders."

Then I went to the recent PR with Binance to acquire the Assets of VYGVQ for $1.002 billion:
https://www.otcmarkets.com/stock/VYGVQ/news/story?e&id=2408200
https://finance.yahoo.com/news/voyager-announces-agreement-binance-us-130000876.html

Then I went to the website below where it read... "A copy of the asset purchase agreement and other pleadings filed in this case may be obtained free of charge by visiting the Voyager case website"
https://cases.stretto.com/Voyager

I called the phone number listed as the POC from that website and left a message for someone to call me back. A lady called me back. I asked that when the company stated that... "This comprehensive reorganization is the best way to protect assets on the platform and maximize value for all stakeholders... ...were they referring to the common shareholders too? She told me yes, that includes saving the common shareholders too. In short, she confirmed that there is a good chance that the equity or common shares would remain 100% intact. She also told me that Binance is prepared to spend $2 Billion for this deal. She said that people should be able to see what is going to be decided with what is released from the court date on Jan 5, 2023. Please, I recommend all to call the number within the link within their PR and ask the same questions regarding what I have posted and share what you are told.

v/r
Sterling

[ErnieBilco]

That's the way the system is stacked against stakeholders of corrupt companies being managed by corrupt judges presiding over the largest theft ring in America - THE BANKRUPTCY COURTS.

[LoserTrying2Win]

Because shareholders are getting 0 under the current plan. If it goes through the stock is over.

[Invest-in-America]

Hey, Dude, get over to the ICCM Board before the Open tomorrow!!! All HELL has broken loose over there, behind LATE news about their Kidney Disease stuff!!! It hit 1000% UP already in the After Hours (this night), & now sits at 400% Up, or so!!! (Do ya think there's any ICCM left for US, Bro??)

[WHITTENHALLJR]

Thanks I bailed fairly even … but feel like an idiot I didn’t sell it eight cents…and make 5gs Ugg >>> good luck tomorrow Biei looks interesting

[Invest-in-America]

VYGVQ: Hey, W-H-JR., sorry it went down for ya, Dude! I made a little on it, but I didn't toss enough bucks at it to brag about anything. Everything these days appears to be a get-in-&-out-quick-shortly-after-the-open routine.

[MattyTrader]

Ya… peeps I guess don’t think commons will be taken care of… we’ll see I guess… possibly worth a lotto

[WHITTENHALLJR]

We’ll see I’m holding to see if this goes somewhere in the next week….

[MattyTrader]

Party over?

[WHITTENHALLJR]

I guess Holding wasn’t a great idea

[DarkPool]

Easy peezy ;)

[WHITTENHALLJR]

We’ll see??

[Invest-in-America]

Well, YOU Sir sure ain't "crazy"!! And BEST OF LUCK here!!

[WHITTENHALLJR]

Call me crazy but I’m holding mine

[Invest-in-America]

VYGVQ: Yep! And, of course, MANY changes in the original 'Shares Structure' will transpire as well. And, when all the dust settles here in several days, this could be a decent LONG-TERM play.

[astroblaster]

Voyager most likely will roll another company into the ticker.

[Invest-in-America]

VYGVQ: I'm NOT in it now --- I dumped it for some REASONABLE profits. As likely did everybody else in here. Indeed, very early here today, someone posted to the effect that this puppy was merely a DAY-FLIP, at best.

[DK11]

So why are you still in it than?

[Invest-in-America]

VYGVQ: It's the WORST numbers any stock --- OTC, NASDAQ, NYSE, DOW, et al. --- can display, over on the OTC's main website.
https://www.otcmarkets.com/stock/VYGVQ/security

(Note the word "Unlimited" to the right of the phrase, "Authorized Shares".)

[Invest-in-America]

VYGVQ: But, truth-be-told, most EVERYBODY these days are, "silly sellers"!! (Or, they belong to the, "Flippers-Lives-Matter", org.)

[Gotmilk97]

What is unlimited AS?

[Invest-in-America]

VYGVQ: Could be Peeps don't like the "Unlimited AS" behind this one. (I too was worried about that.)

In any event, GO-GO-GO-VYGVQ!!!

[WHITTENHALLJR]

Maybe still under the radar… Silly sellers

[Gotmilk97]

Why is this stock not at 20 cents already?? Binance wants to buy $1 billion of assets!! Isn’t this huge??? I don’t get it

[makinezmoney]

$VYGVQ: Apparently Voyager owns 12,260 Bitcoins


Hmmmmmmmmmmmmmmmmmmmm

Binance getting a steal huh ??



GO $YVGVQ

[makinezmoney]

$VYGVQ: A very good chance of that.........

BINANCE buying them out is a biggggggggggggggg deal


GO $VYGVQ

[Invest-in-America]

VYGVQ: I will SECOND that "HOLLLLYYYYYYYYYYYYYYYY CRAPPPPPPERSSSSSSSSSS" motion, Sir!!

[makinezmoney]

$VYGVQ: MarketCap now $10Milly.... BUYOUT is 1BILLY


HOLLLLYYYYYYYYYYYYYYYY CRAPPPPPPERSSSSSSSSSS


Buy buy buy..... scalp it for some EZ MONEY


GO $VYGVQ

[Invest-in-America]

VYGVQ: I could only guess, but great NEWS today, that's for sure. Hope it does well for EVERYBODY here today!!

[WHITTENHALLJR]

Back to .25 today?

[WHITTENHALLJR]

Nice work!! I wonder how high she goes?

[Invest-in-America]

VYGVQ: Me too! (Thanks, King EZ!!)

[makinezmoney]

$VYGVQ: Congrats amigo......... picked 300k myself at 0.045


Looking for a good day on $TMNA next.......... she's due

GO $VYGVQ

[WHITTENHALLJR]

Grabbed at opening >>> thanks for the heads up MEM

[DarkPool]

Short cover play today

[makinezmoney]

$VYGVQ: Binance buysout Voyager today

December 19, 20228:32 AM ESTLast Updated 4 min ago

Crypto firm Voyager to sell assets to Binance.US in $1 bln deal
Reuters

Dec 19 (Reuters) - Crypto firm Voyager Digital Ltd said on Monday it will sell its assets to Binance.US in a deal valued at about $1 billion following a review.

Palo Alto, California-based Binance.US, which operates as an independent legal entity and has a licensing agreement with Binance.com, will make a $10 million deposit and reimburse Voyager for certain expenses up to $15 million.

Nearly $2 trillion in value has been wiped out from the crypto sector this year on rising interest rates and exacerbating worries of an economic downturn. The slump has eliminated key industry players such as Three Arrows Capital and Celsius Network.

[jack7377]

VYGVQ#$$: Hey JuneBugs, the markets will be looking to move this Puppy to $.12 tomorrow.

[jack7377]

VYGVQ #$$: Hey Bulba, as i told you a few days ago , this Puppy is getting ready to Break it's Chain,Leap and go on an Epic Run North. This time next week. This Puppy will be sitting Comfortably @$.40 ... Yes LeRoy, you heard that right!

[KICK1]

Hey alidare Thanks, very interesting!

[alidare]

Interesting presentation about Crypto latest developments.

[TheFinalCD]

Dear bagholder,



Last week, we reopened the bidding process after FTX US, which won the auction for Voyager’s assets, filed for bankruptcy and agreed to let us solicit other offers. In coordination with the Voyager Official Committee of Unsecured Creditors (UCC), we are exploring strategic options, which include active discussions with several alternative bidders.



In light of recent events and reports regarding FTX US, the customer vote will be cancelled and the proposed sale will not move forward. You will not need to take any action, regardless of whether or not you have already voted.



Like you, we were disappointed to see the events of last week unfold. Nevertheless, we remain confident in the continued value of Voyager and are accordingly moving forward with all due care and deliberate speed. Our core objective in this process remains unchanged: maximizing the value returned to you, our customers, and other creditors.



As we move forward, we want to remind you that Voyager did not transfer any assets to FTX US in connection with the previously proposed transaction. Voyager also has no loans outstanding with any borrower. Our exposure to FTX Group is approximately $3 million, substantially composed of locked LUNA2 and locked SRM. We could not withdraw these assets because they remain locked and subject to vesting schedules.



We will keep you updated on our reorganization efforts, including notifying you of any decisions you may need to make.


Our restructuring information line remains available at [phone] (toll-free in the U.S.) or [phone] (for parties outside the U.S.) as does our case website at https://cases.stretto.com/Voyager.



Sincerely,

The Voyager Team

[KICK1]

$VYGVQ Yes I See MoMo GTSM 103K @.037 and another 100K Bids below down to .032 On The Bid and Two C’s ETRF combo 100K @.05’s up to NiTE 125k @.20 on the Ask Level 2 Go Flippers Add More Crypto!