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LBA up 160% for month; not sure why.

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GreedyAgorist   Friday, 04/02/21 01:39:23 PM
Re: MindlessSelf post# 106
Post # of 115 
LBA up 160% for month; not sure why. I mean, why would a coin associated with a company going through bankruptcy be up? Is it as simple as, you can still trade it, so it can still trade in either direction?

Or is there some good news coming? Did Cred find some bitcoin in a broom closet that they had not previously checked? Might I actually get back more than 40 cents on the dollar? I am really trying not to set myself up for disappointment. Not expecting more than 20 cents once all the lawyers and accountants take their cut. (And girding my loins for 5 cents. That is going hurt!)

Sad thing is, if they had just held out a little longer, they might have been able to keep this Ponzi scheme going indefinitely, what with so much of crypto mooning since they filed Chapter 11. I mean, BTC up 500% since then. You could have been faking it before and now making it. Right? They had 136 million in liabilites as of November 7 and 67.8 million in assets. If half that 67.8 million in assets had been bitcoin, they could easily cover the 136 now and have money left over. Heck, if a third was bitcoin, that would just about cover it.

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