Thread by @intel_jakal

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn Only just skimmed through the petition filing. What a dumpster.
Next to no info on N9 advisors. So likely a Delaware SPV setup solely for the purpose of facilitating the convertible note. Creditor list confirms Delaware entity

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn caveat: this is a skim thru illustrated with coupled together screenshots. when i have a chance I'll convert their financials into google sheets.

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn you can see the N9 con note on the balance sheet quarter ending Sep 2021.

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn By the Dec quarter the $2.35m in the Piermont account was gonski. (presumably the cash in the prime trust was moved to the lexicon checking account)

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn What shits me (as always) is stuff like this.
Files for bankruptcy citing $17.72m in assets...against $5.4million in liabilities.

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn it doesn't take a genius to realise that they never had $17m of assets. Total assets peaked at $4m (the same quarter that the $3.1m con note cash came in).

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn Banq's assets are c. $200k

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn The $17.5m of other assets is the cause of action claim ..

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn Looks like the 'computers' are part of the $17.5m claim were worth $33k

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn Last observation for the day before signing off from the #banq dumpster.

Nearly $800k creditor claim owend to LV Stadium Events.

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn Which is the stadium company for the newly build @lasvegasraidnfl
Appears to be another #crytpo #sponsorship deal gone

@ParrotCapital @Cryptadamist @Annihil4tionGod @ThegreatLambiny @ImDrinknWyn @lasvegasraidnfl unroll @threadreaderapp