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I guess that explains some buying today.
As I suspected the Twitter wasn't hacked as the Trump Reposts remain. Once they are active on Twitter I'll ask what that is all about.
And Officially Doubled up in just over a month.
Nice end of the day buy. Maybe some news coming
That's what people do on a message board. Tell everyone their thoughts.
01/18/2023 Authorized Shares 10,000,000,000
01/18/2023 Outstanding Shares 3,570,806,557
https://www.otcmarkets.com/stock/KEGS/security
Was thinking about getting down for a quick flip. I'm going to pass as the OS and AS are ridiculous. Good luck to all!
Outstanding Shares
495,741,665
01/09/2023
https://www.otcmarkets.com/stock/NAFS/security
Still haven't recovered the twitter account if it's not them retweeting Trump.
So far so good. Figured them "selling bitcoin" would be the bottom.
Correct
It might pump on misinformation by people thinking binance is buying voyager the company, but there isn't any play here besides quick flips. Voyager company is over once the liquidation sale completes.
So Voyager is going to sell it's crypto and accounts to Binance in a liquidation sale.
Binance moves the assets/accounts to it's platform. (Aka the actual plan in the proposal)
This leaves Voyager with nothing but unsettled Claims against the company with no assets.
Binance is taking what has value here and leaving the pile of garbage behind, which is the claims against voyager and the shareholders.
How exactly (iyo) does that make this ticker go to dollars?
As of now (and it's not opinion) when this deal is finalized the company is over as the 1 billion asset purchase price doesn't cover the class 9 claims (which stock holders are). It will be the literal end here for shareholders, lights out, over.
Some info on how bankruptcy laws work for shareholders as it seems many have no idea.
A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. There is no federal law that prohibits trading of securities of companies in bankruptcy.
Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
I"m assuming you flipped before 10am and that is what you are celebrating?
They aren't doing anything, it's a liquidation sale for assets not a company buyout. The 1 billion doesn't cover the class 9 claims (which stockholders are).
As now it means Binance is taking the crypto and customer accounts and moving on. Shareholders should hope deal doesn't go through. Not sure why people think selling the only valuable assets here in a liquidation sale will be good for shareholders. They are NOT buying the company, just buying the assets that have value and leaving the crap here (shareholders are part of the crap and don't get to vote on the deal)
I guess people just pretend otherwise to do a quick flip in the pump as the general public doesn't understand. I'm probably still gonna hold regardless to 0(hoping something changes) but if it gets to .20 I"ll take my loss there and move on.
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.
That's what I assumed as the most likely situation, just kind of an odd thing to do with the account if so. As always we shall see.
Another today
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.
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
Appears they have been busy retweeting Trump.
https://mobile.twitter.com/bambuinc
I just bought in yesterday at 135.
Think this is an easy 6x to 10x by 2025.
0.0024
Bid price by size
0.0021 x by25000shares
Ask price by size
0.0028 x by65000shares
Volume
911
I remember the old days people would have said the 911 trade means something is about to happen here.
Because shareholders are getting 0 under the current plan. If it goes through the stock is over.
Why is that coming soon?
Yeah gives a glimmer of hope as if the FTX Deal was approved shareholders would have gotten 0. So unknown know > confirmed 0
I got the same letter
So for that to be true
The OS = 174,144,776,096 09/30/2022
at .044 a Share = 7,662,370,148.22
Dare I say it's impossible this will have a market cap of 7.6 billion dollars in 2 weeks.
I don't think it will be rejected
A basis could be that the shareholders are getting 0, if that matters to the judge.
This was more just to be a conversation for the guy still buying as he had no idea what is going on.
Yeah if the judge rejects the deal the stock could go up. If accepted it's over and will be a tax loss.
Still buying....Impressive
You must think there will be good news oct 19th at the bankruptcy hearing....Because as it currently sits if approved stock becomes voided.
Okay..It just doesn't sound like you understand that if the voters approve the current bankruptcy deal the shares you own will be canceled and won't be tradable.
For the shares to be worth something the current plan has to get voted down and a new plan created that doesn't cancel out the shares with no distribution.
I thought by you "loading up now" you were aware of some actual plan instead of just buying hoping it goes up without any thought of why/how that would happen.
Ty for answering and hopefully you have flipped for a profit before plan gets approved. Obviously as shareholders we have to hope it gets voted down.
Oh, that is what you are buying off of? You aren't a customer, you are stock holder. Geeez...Thought maybe there was new information I hadn't yet read. Did you read the bankruptcy plan?
https://cases.stretto.com/public/x193/11753/PLEADINGS/1175308132280000000008.pdf
Page 17- 20
Shareholders are class 9
Class 9 — Existing Equity Interests
(a) Classification: Class 9 consists of all Existing Equity Interests.
(b) Treatment: On the Effective Date, all Existing Equity Interests will be cancelled,
released, and extinguished, and will be of no further force or effect, and Holders
of Existing Equity Interests will not receive any distribution on account of such
Existing Equity Interests.
(c) Voting: Class 9 is Impaired under the Plan. Holders of Existing Equity Interests
are conclusively deemed to have rejected the Plan under section 1126(g) of the
Bankruptcy Code. Therefore, Holders of Existing Equity Interests are not entitled
to vote to accept or reject the Plan.
The stock is getting cancelled if the voters approve the current plan. Only class 3 and 5 get to vote.
Why are you adding as much as you can?
What do you think is going to happen with the shares in the bankruptcy process?
Haven't been on here in a while. Still holding
Few Questions about your move here.
I'm assuming buying here you don't think the shares are going to 0 anytime soon.
What are you plans with the buys you just made?
I'm currently a holder who rode this all the way down and has an AVG of .75 cents
Don't know what is going to happen with them but I"m holding for now.
Same I got my card a few days ago.
Opinion on what existing shareholders are going to do with their shares now that trading is allowed.
Take the loss at these levels while trading is still allowed or hope for a better outcome with the company as time goes on?
No mention of the stockholders.
It's going to run eventually, so the smart patient buyer accumulating at these levels makes the $
Thanks for your update.
Has anyone got the "post card" back from them saying their claim was approved?
Makes sense...Seems the stock price likes the news or something else.