These are just my opinions and nothing i post should be considered to be investment advice or solicitation
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U.S. Rep. Torres, Housing Advocates Warn of SignatureBank Debt Fire Salethat Could Endanger 80,000 New York City Housing Units
They also called on federal regulators to engage with state and local housing leaders before any of the loans in question are sold. Specifically, in a new letter sent to the Hon. Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), Rep. Torres is requesting a meeting with him and the Commissioner of the New York City Department of Housing Preservation and Development to review the loans within Signature’s real estate portfolio and discuss how they can work together to prioritize the needs of residents and New York City’s affordable housing market.
https://ritchietorres.house.gov/posts/u-s-rep-ritchie-torres-housing-advocates-warn-of-signature-bank-debt-fire-salethat-could-endanger-80000-new-york-city-housing-units
*FDIC to consult with city, state housing officials?
On April 3, U.S. Rep. Ritchie Torres, whose district covers much of the Bronx,
called on the FDIC to consult with city and state housing offi cials on the sale of Signature’s loans.
“It remains unclear who might end up purchasing this portfolio and whether thebuyer will be committed to prioritizing the needs of residents and maintainingaff ordable housing,” Torres wrote.
“FDIC is giving [the Department of Housing Preservation and Development] achance to review the loans before they are sold to identify potential distress,”said Rachel Fee, executive director of aff ordable housing group New YorkHousing Conference, who said the move may “ensure loans for at-risk buildingsland in responsible hands.”
That may prevent the debt from being scooped up by a buyer intent onforeclosing. But for property owners already wary of the regulatory environment,additional oversight could mean prioritizing tenants’ needs over their own.
“It probably helps that FDIC Chair [Martin] Gruenberg grew up in an apartmentbuilding in the Bronx,” Fee added. “He understands what’s at stake.”
I hope Hollis is making lots close friends
DELAWARE GENERAL CORPORATIONS LAW SECTION 262 - APPRAISAL RIGHTS
https://www.sec.gov/Archives/edgar/data/878280/000119312508204014/dex99f.htm
I think its gotten much harder for retail to challenge
Too much value to give up my stock - plus i know where he lives
Special meeting-forcing out non acredited investors
Pros say you already got more than expected lol
I expect $6.7 settlement to be heavily nicked for fees
and Allianz cash to be long-time coming, and at a discount
Mudrick used HYMCZ holders lol...cant stop laughing
Lol - Awesome!
Silicon Valley Bank Creditors Form Group in Advance of Possible Bankruptcy
https://www.wsj.com/articles/silicon-valley-bank-creditors-form-group-in-advance-of-possible-bankruptcy-62e631aa?fbclid=IwAR0wD7KrVJVyGu2TgfHat3r5gArSRcju3NI4Zh-0zXj0-w5Z8qYjxZ1iJuw
Apollo Asks VCs to Back Its Bid For Silicon Valley Bank Assets
https://www.theinformation.com/articles/apollo-asks-vcs-to-back-its-bid-for-silicon-valley-bank-assets
Report: Multiple buyers of SVB Financial (see video)
Kevin Hassett reveals "there were buyers who were willing to step in & buy [SVB, but] the radicals at the @FDICgov basically weren’t going to allow that to happen ... the Biden Admin had a whitelist of companies that were allowed to buy the failed bank & companies that weren’t." pic.twitter.com/Tsp2zPK70t
— Tom Elliott (@tomselliott) March 13, 2023
#629**COMPLAINT TO AVOID AND RECOVER TRANSFERS
http://www.kccllc.net/medley/document/2110526230306000000000001
*COMPLAINT TO AVOID AND RECOVER TRANSFERS
http://www.kccllc.net/medley/document/2110526230303000000000001
25. During the Preference Period, the Debtor made five transfers (each, a “Transfer”and collectively, the “Transfers”) totaling $2,015,986.53 to Defendant
***Core Scientific Shareholders Get Official Voice in Bankruptcy Case
Shareholders of bankrupt bitcoin miner Core Scientific Inc. will have an official voice in its chapter 11 case and a budget from the company to advocate for as large a recovery as possible for its equity.
Judge David Jones of the U.S. Bankruptcy Court in Houston said Friday that he was approving the appointment of an official committee of equity holders
Core Scientific agreed to fund the equity committee after the rising price of bitcoin fueled hopes that its shares would have value despite its bankruptcy filing.
Lawyers for Core Scientific on Wednesday told Judge Jones that the company’s financial performance since its December chapter 11 filing has exceeded its expectations by about $26 million because of rising bitcoin prices and falling electricity prices.
Core Scientific’s bottom line is directly linked to cryptocurrency prices. Bitcoin has rallied in recent months from a recent low of about $15,760 in November, around the time crypto exchange FTX collapsed. Bitcoin stood at about $22,335 on Friday
United Development Funding IV .065 Distribution for Q1 2023
Could be also ZERO (short or even long term)
I dont know what liability side / fees of Trust looks like at this point
It wouldnt surprise me if those "wind-down funds" were fairy dust
So w $2mm add'l ***$3.55? or so "target?"
Dont get me wrong, in no way do i assume these numbers anything more than a rough guess
So ***$3.14? $6.7m pre4/30+$6.4m post4/30+$2.3mEvershed =($15.4/5) *1.02
Assuming $1.02 / $5 million payout based on SEC
Can anybody help the slow kids w recovery math?
Acting very nicely - buyout coming?
Topline Capital amends filing w 10% holding https://www.sec.gov/Archives/edgar/data/1088413/000119312523034331/d463136dsc13ga.htm
AD HOC GROUP OF EQUITY HOLDERS
https://cases.stretto.com/public/X217/12024/PLEADINGS/1202401282380000000016.pdf
Restructuring Support Agreement
https://cases.stretto.com/public/X217/12024/CORRESPONDENCE/1202401062350000000008.pdf
Equity Committee Requested?
https://news.bloomberglaw.com/crypto/core-scientific-stockholders-seek-formal-bankruptcy-committee
Sorry bro...just watching now
I figure if they are buying back stock at $1 lol
I bought some .445, new name for me
No idea whats going on lol
Medley Seeks Ch. 11 Block On Final Eversheds Fee Bill
By Carolina Bolado
Law360 (January 24, 2023, 4:13 PM EST) -- A liquidation trustee for bankrupt asset manager Medley LLC asked a Delaware bankruptcy judge on Monday to vacate the final fee application by special counsel Eversheds Sutherland LLP for allegedly misrepresenting...
https://www.law360.com/articles/1568651/medley-seeks-ch-11-block-on-final-eversheds-fee-bill
BlackRock, Apollo Among Creditors Lending $500 Million to Core Scientific
https://www.bloomberg.com/news/articles/2023-01-24/blackrock-apollo-among-bondholders-of-bankrupt-crypto-miner
Probably .045 more than they are worth
MOTION TO VACATE ORDER RETAINING, FEE APPLICATION EVERSHEDS SUTHERLAND
http://www.kccllc.net/medley/document/2110526230123000000000002
United Development Funding appeals allege government failed to prove intent to misappropriate funds
https://www.bizjournals.com/dallas/news/2023/01/23/united-development-funding-udf-appeals.html
Argo Blockchain PLC Announces Regained Compliance with Nasdaq
https://finance.yahoo.com/news/argo-blockchain-plc-announces-regained-070000590.html
Mudrick sales 2.3mm shares 136k warrants https://www.sec.gov/Archives/edgar/data/1655183/000110465923005410/tm234005d1_sc13da.htm
So does that mean worthless, get whatu can?
So $4-5?
Bitcoin Rally $21K-Where Will BTC Price Go Next?
https://www.zerohedge.com/crypto/bitcoin-rally-21k-prompts-analysts-ask-where-btc-price-will-go-next