Jakal Profile picture
Feb 20, 2019 7 tweets 4 min read
Canadian listed #govermedia caught my eye yesterday having recognised #EXMO from #cryptocapital. Gover is keen to acquire EXMO as per the MOU signed in Nov. It appears most news sites have assumed that its the UK registered company EXMO Financial that Gover signed up. ImageImage
But Gover appears to have occidentally forgotten to state which #EXMO entity the deal is with. To be fair they could be confused themselves as the register has been flooded with new EXMO entities, 2 EXMO LLC companies were recently renamed
belize, seychelles, malta, romania, Lithuania, Russia what a well travelled and colourful group (that may or may not even be a connected group). Two names of interest popped out. Pavrel Lerner and Ivan Petuhovschii.
Poor old Pavrel had run of bad luck back in 2017, when he was kidnapped and had to cough ransom of $1m in bitcoin. But that might only be part of the story - in Jan 2018 Pavrel transferred his 50pc of EXMO financial to Romanian Olga M beneficial owner and first time director. Image
As interesting as that is. Its not a shade on co-founder Petuhovsky. Who owns this retro chic shack in Sweden. Where him and his mates appear to have built a nice niche for themselves. dn.se/nyheter/sverig… ImageImageImageImage
I’ve run of time. I could have rambled on for ever. Might take a look at their other deals tomorrow...

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More from @intel_jakal

May 14
yesterday I threw out an off the cuff question to @Bitfinexed
How much of the redeemed #tether was used to recover and maintain its peg?

The obvious answer is whatever they had to.

I've spent a big chunk of today crunching data to see what answers I could come up with. Image
Last night I scratched out my hypothesis - to maintain its peg...#tether would need to tap its own cash...can only do that via redemptions and the 'tell' will be burning the tokens like they never existed. Image
Basis for this thinking is pretty simple. That's what they do when they need cash and lots of it. Remember back in 2018 #novogratz was swooning over the orderly redemption of $700m by #tether. Image
Read 19 tweets
May 13
@coloradotravis You'll like this then. Image
@coloradotravis Duh apologies the first table heading should say Tether consolidated entities - balance sheet.
@coloradotravis For a deeper dive in Celsius....here's a breakdown of each financing round
bit.ly/3LkgHRJ
Read 4 tweets
May 8
$CEL those that bought at $0.30 can sell to zero and make multiples. Image
$CEL there are no natural buyers. Just a shitload of in the money sellers. Image
Read 11 tweets
Apr 1
I've updated the #tether attestation #googlesheets analysis. A few changes including fixing a glaring error 😳 #commercialpaper analysis h/t to @accountantInc catching the mistake. Document consolidates all reported quarters to date >>> bit.ly/3Kzkjz2
The #tether #commercialpaper section has been expanded/updated to show not just the net changes but the new issues/rollovers etc....
The purpose of the #commercialpaper analysis was to highlight that the reported $6.4B reduction in CP was only half the story....and it kinda shits me that the numbers are just trumpeted by most news as is...
Read 11 tweets
Mar 27
Have been working through $CEL #celsiusnetwork's $750m Series B round. Will share #googlesheets file tomorrow. Here's a preview.
3 Dec 2021 #Celsius resolved to issue up-to 36,930 Series B shares at a price of US$20,469 per share. As at 2 Feb 2022 total of 32,182 Series B shares had been issued. I'm presuming #bnktothefuture will have closed out the balance. Image
The #Celsius Cap table (as at 2 Feb) with pre/post money for each issue. Image
Read 9 tweets
Mar 11
So finally got around to plugging in #tether's Dec 2021 attestation numbers. So their non-token debt is now up to 57m which means their net assets are down to $137m imagine having 80Billion in assets and still having to borrow money each quarter to fund operations.... Image
oh and the increase in debt between quarters is $41m which just happens to be the fine #tether copped.
tomorrow i'll publish the link to the financials.
Read 9 tweets

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