Home > Boards > Cryptocurrency > Coins > LibraToken CRED (LBAUSD)

LBA up 160% for month; not sure why.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
GreedyAgorist Member Profile
Followed By 16
Posts 660
Boards Moderated 0
Alias Born 03/29/19
160x600 placeholder
DOT, DOJ Call for More Competition at Newark-Liberty Airport
The U.S. Department of Transportation plans to identify a single low-cost or ultra-low-cost airline to operate 16 peak afternoon and evening runway timings at Newark-Liberty International Airport.
Top Company News of the Day
Eli Lilly Gets Expanded FDA EUA for Covid-19 Treatment for Some High-Risk Individuals
Corn Drops on Weak Export Sales -- Daily Grain Highlights
Front Month Nymex RBOB Gasoline Fell 1.15% to Settle at $2.1812 -- Data Talk
Front Month Nymex Natural Gas Fell 2.29% to Settle at $5.3350 -- Data Talk
DAX Ends 0.23% Higher at 15651.75 -- Data Talk
FTSE 100 Index Ends 0.16% Higher at 7027.48 -- Data Talk
STOXX Europe 600 Index Ends 0.44% Higher at 465.95 -- Data Talk
EURO STOXX 50 Index Ends 0.58% Higher at 4169.87 -- Data Talk
STOXX Europe 50 Index Ends 0.22% Higher at 3552.69 -- Data Talk
CAC 40 Index Ends 0.59% Higher at 6622.59 -- Data Talk
FTSE 100 Rises on Speculation over UK's Travel Restrictions Removal
Just Group Refinances via Issue of GBP325 Million in Sustainability Bonds
Bristol-Myers Squibb Down Nine Consecutive Days, on Pace for Longest Losing Streak Since April 2018 -- Data Talk
T-Mobile Down 10 Straight Days, on Track for Record Losing Streak -- Data Talk
Lukoil, Gazprom Neft Create Joint Venture to Develop Siberian Oil and Gas Cluster
Volkswagen's Skoda Stops Production at Czech Sites Due to Chip Shortage
Dominion Energy Virginia Proposes New Solar, Energy Storage Projects
Consumer Sentiment Expected to Rise -- Data Week Ahead
VC Daily: Venture Capitalists Push Back Against Drug-Pricing Bill
Maersk Raises 3Q, 2021 Earnings Targets on Higher Freight Rates
Neovasc Gets FDA Approval for Reducer Clinical Trial
FTSE Rises, THG Shares Fall After 1st Half Loss as Shake-Up Looms
Manufacturing Activity in Philly Fed's District Accelerated in September
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.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences