Friday, April 02, 2021 1:39:23 PM
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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