Voyager Digital Ltd (VYGVQ)

[LoserTrying2Win]

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.