The thing was the only way i could find to buy Storm X was through Voyager. Of course that went to crap. Blazers need to find a new advertisement for their jersey.
If you can do that? You could make a Killing! Buy, watch it go up, post, and sell Immediately. Then after you post and it falls you can buy again and go through the same process over and over!
It's down at 1650 but it shows no sign of turning around yet. Needs to be down around 1250 for me to buy. It wont go above 2000.
For those who might want to know? Dear Fairly-Hard Since Voyager filed for reorganization on July 5th, we have been working diligently toward one goal: maximizing the value of our platform for our customers. FTX US has been selected as the highest and best bid for our assets. The sale is the culmination of several months of negotiations and discussions with numerous market participants and a highly competitive multi-week auction process. The Official Committee of Unsecured Creditors (“UCC”) participated actively in the auction and supports our sale to FTX US. Below, we’ve provided answers to some key questions. Please read them all as they include important information about the next steps—including a required vote on the bid by customers. Our restructuring information line remains available at +1 (855) 473-8665 (toll-free in the U.S.) or +1 (949) 271 6507 (for parties outside the U.S.) as well as our case website at https://cases.stretto.com/Voyager. What is FTX US’s bid? This bid, valued at approximately $1.422 billion, is comprised of (i) the fair market value of all Voyager cryptocurrency at a to-be-determined date in the future, which at current market prices is estimated to be $1.311 billion, plus (ii) additional consideration which is estimated as providing approximately $111 million of incremental value. Why was FTX’s bid selected? After multiple bidding rounds in a highly competitive auction process that lasted two weeks, with active participation from the Official Committee of Unsecured Creditors (UCC), FTX US was selected as the highest and best bid for our assets. FTX US’s bid, which is significantly better for customers than its original bid, was chosen because it maximizes the value returned to you in the shortest time. How was the auction conducted? Could there have been a better option? Starting in June we conducted a rigorous marketing process, reaching out to over 90 interested parties to gauge interest in a potential sale. We also proposed a stand-alone plan of reorganization and used the plan as a floor for negotiations with potential acquirers. The multiweek auction that followed was competitive and featured several rounds of bids from a number of interested parties. Does the UCC support FTX US’s bid? Yes. The UCC participated actively in the competitive auction and supports FTX US’s winning bid. What are the next steps? There are two approvals required for the bid to be finalized. First, on October 19th, the asset purchase agreement that memorializes the terms of the bid will be presented to the court for approval. Following that anticipated approval, the bid will be subject to a vote by you and other customers. We will provide guidance about how and when to vote in the coming weeks. When will I know how much value will be returned to me? Following the finalization of the bid, FTX US and Voyager will provide information about the return of value as soon as possible. It is important to remember that FTX US’s bid was selected above all others because it was the highest and best bid for Voyager’s assets. Does the conclusion of the auction impact the claims process? No. The auction results do not change the Bar Date nor the need for customers to determine whether to file a claim – you must still review how Voyager has listed your account holdings in recent court filings. Last month, you should have received an email from “Voyager Digital Restructuring” that lists your account holdings as of July 5, 2022. Please take the time to review the information in the email and, if necessary, file a claim before the deadline of October 3, 2022, at 5:00 p.m. prevailing Eastern Time. More information can be found here in this blog post and on our case website. Sincerely, Team Voyager
