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.
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.
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…
I’ve run of time. I could have rambled on for ever. Might take a look at their other deals tomorrow...
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.
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.
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.
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...
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.
The #Celsius Cap table (as at 2 Feb) with pre/post money for each issue.
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....
oh and the increase in debt between quarters is $41m which just happens to be the fine #tether copped.