@mrcryptologic I'm hoping we can find common ground. We aren't that far apart on many of our asks. I'd say biggest angst is from the board members that need to go.
Not tax advice but I think people in the @CelsiusNetwork community need to not use the examiners report as part of their tax strategy. It has no legal standing and presenting that to the IRS in the case of audit will likely do nothing.
Basically this means that #BTC holders are getting a 50% haircut before any final litigation to exit.
At this point, why not just wait to $55K and just send a check in the mail for our dollarized claim.
Thanks @Silkee_D, @ThomasADiFiore and our beloved @CelsiusUcc. Well done!
I guess this is good to see, but after following this whole thing, who actually thinks Glenn can stop them from just making up the rules as they go along?
LIVE HEARING : Judge Glenn is confronting Christopher S. Koenig from Kirdland that the MiningCo plan only is not the OWD toggle, it was not the deal voted for in the disclosure statement by creditors. Last thing Glenn want is a do over and a new disclosure
SCOOP: The plan to revamp bankrupt crypto lender @CelsiusNetwork has hit a speed bump with @SECGov, according to a person familiar with the matter.
@IanAllison123 reports
https://t.co/YrFTHsfyrl
Seems pretty clear this is what should happen and would avoid preference actions for innocent creditors. But I'm sure that would not be good for K&e or white and case.
@stinkylink1991 The mining co jsut 2xโed in value and the plan sponsor isnโt needed - sell it and liquidate for 80-100% now via plan sponsor lining itโs pocket for creditor crypto holdings
@cryptoyolo7 filed a statement/closing brief in support of his limited objection to the plan.
In my opinion, it is well worth a read.
https://t.co/QcF2s9d1FH
#CelsiusNetwork#CelsiusBankruptcy
Obviously taking heavy shots here at @SimonDixonTwitt, glad to see him openly support the other two board observers. Wonder what the direct thought on Simon is as Michael is certainly taking an odd approach to handling this.
A court filing was made today in the Celsius bankruptcy, which presents an amended plan supplement to show a change in the board of directors for the new company being created.
I will no longer be on the board of directors of the new company. Instead, Ravi Kaza, my partner at Fahrenheit, will take the seat. Ravi is an investor and advisor to Arrington Capital.
I am not able to go into much detail on why I requested this change, but that information will come out in due time. This statement was heavily edited by attorneys.
I disagree with some of the decisions made around board constitution and, in particular, the board observers.
Because of this, I chose to remove myself from the board of directors.
I still fully support the deal, and look forward to contributing in ways other than participating on the board of directors. Apart from not joining the board of directors, our investment and active advisory role via Fahrenheit will go on as planned.
I warmly welcome @jslventures and @BrettPerryTweet as board observers. From what Iโve seen, they will represent the creditors/shareholders loyally.
https://t.co/bl3Ae5F9yP