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Friday, November 01, 2024 10:37:30 AM
Another great example of this was what happened to NSAV this WEEK when they filed billions in NFTs under an unaudited filling and how pumpers sat on the chat board for years asking why bashers kept showing up.
Take a look at what the courts just posted:
Given the lack of resources of NSAV to fund even basic operations—let alone a receivership or even potential litigation claims against AWH, Silverbear, or other counterparties— the Temporary Receiver further recommends that his appointment not be made permanent at this time. Moreover, as NSAV has no foreseeable ability to fund liabilities or future operations, the Temporary Receiver recommends—subject to the views of the Parties to this Action—NSAV file a Chapter 7 Bankruptcy, which will allow a court-appointed trustee to wind down NSAV in an orderly manner under the provisions the Bankruptcy Code. The Grover Judgment, any other liabilities, and any fee application approved for the Temporary Receiver would all be unsecured liabilities in such bankruptcy proceeding.
Just another great example of why there are posters who take the time to ask real questions.
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