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🚨 Big news!
ICYMI (see @SMB_Attorney's post below), we just dropped the 2025 Edition of the @smblawgroup Letter of Intent (LOI) template.
If you want a copy, reply below or retweet, and I’ll DM you the link to get access.
We’ve taken everything we’ve learned from over $1 billion in small business M&A and built it all into this updated version.
Simple, clear, and designed to get ahead of the most common problems, objections and roadblocks we see during the LOI process.
At a minimum, this saves you a bunch of time. Ideally, it even saves you a bunch of money.
In any case, we're just offering it to help!
Again, reply or retweet and I'll DM you the link.
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@SimonDixonTwitt you might have more pull than I… surely! Can’t take Coinbase or PayPal since I moved from EU to US since the state of HI was closed. Any help would be appreciated.
All cust in HI are left waiting for a check since neither PayPal nor Coinbase operate in the state
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@KobeissiLetter Does this analysis stand for multifamily, etc?
The rate is just a variable that plays in your overall return but I would assume at some point all these GP that raised at X cap rate will have to provide some kind of liquidity to their LPs? Not everyone signed off to invest for 30+
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This is incredible:
The effective outstanding mortgage rate is currently 3.7%, less than half of the current mortgage rate.
A massive 22% of borrowers have mortgage rates below 3% right now.
Just 9% of borrowers have a mortgage rate that is above 6%.
This is why housing market supply is 40% below the historical average.
It's also why the average new home is close to selling for LESS than an existing home for the first time since 2005.
Why move if your mortgage rate will double?
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LMFAOOOOO.
Otis, Zach and that Caceras dude got issued subpoenas, and ignored them, and there’s a discovery conference on Monday 🤡. This is all about the short squeeze.
cases.stretto.com/public/x191/11…
#CelsiusNetwork #CelsiusBankruptcy
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@DavidJAdler1991 Wait till you investigate nepotism and state corruption… definitely not creating the chaos but most certainly emphasizing it’s scope..
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@SimonDixonTwitt Investanswers. James Mullarney. Went as far as inviting AM on his YT and both agreed it was just “4” right before the pause… while both were actively withdrawing (maybe even while streaming…). But at least we can send him some BTC to save some monkeys…
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Lots of influencers & companies that benefited or decided to default on their obligations - take a look through the list & add any you think are interesting below 🙏
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As part of the #Celsius Chapter 11 Exit Plan creditors will invest $50m & appoints a Litigation Oversight Committee to pursue causes of action retained by the estate.
Below is the list & I’ll add some highlights below:
cases.stretto.com/public/x191/11…
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@sweatystartup @rbarnesen Glad to hear that’s the plan. Struggling with it as once you reach $X, it seems no X+$1 changes your lifestyle and you (should) effectively start thinking on how to impact others. And that’s where, it’s harder to find said people and even harder to track your impact.
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@rbarnesen I think along the way I'll create hundreds of millionaires in my companies and positively impact a TON of people.
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When I turned 30 my net worth was ~$1.5 million.
I turn 34 in a few days and my net worth is ~$25 million.
My financial goal is to become a billionaire by age 50.
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@cryptohunter0x @CelsiusNetwork @CelsiusUcc as a creditor with 6 figures in celsius please let me leave that mess. 50% cut is okay for me now-.-
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1/ Celsius can close its doors now and we all take a 52% haircut (based on Dec 2022 coin report), and get to leave this mess.
Take that 48% and invest it into #Bitcoin , in 1-3 years you will be 100% whole (as per past BTC performance).
Its the best option in a shitty situation
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@SimonDixonTwitt @SimonDixonTwitt don’t want to bother asking live but would like your feedback on Wulf parent company being close to BK itself and ethics of leaders involved (SoFi mainly). Is any of that cash being brought as $HASH? In cash or collateral, been there before…! Thank you
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@z0roProfit @WAGMI_Zach Please make sure he adds to his description “ponzi expert”. Can’t confirm any of the previous titles he’s claiming but I’ll serve as reference for this last one. While going through all inaccuracies, please check all posts you had with previous handle. Superb character.
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@ChazzonKe Thanks for that condensed info thread. Super informative. At the very least let’s all agree on their outstanding consistency throughout every business aspects: complete BS. (But man I kinda wished I had worked there rather than invest…) seems key employees were/are well fed.
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1/ Master Mining thread: Celsius mining by June 30th 2022 had received and invested nearly $600 million from loans issued from Celsius UK. Additionally, after the Pause Celsius further spent an additional 70 million on the mining business putting total nearly 650 million
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@ChazzonKe Great decisions for themselves though… how much of this $68M for M and how many other $$M we’ll never see again… clawbacks sure, paid by us again and how much is gone?
I hear #SBF is networking, sure hope him and #Mashinky can get a bundle (or pay in FTT/CEL…!)
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@TiffanyFong_ @CelsiusNetwork @Mashinsky @sdanielleon And please do share how he tried to get a loan to buy leftover CEL from ICO (that he was supposed to buy) using collateral of said non purchased coins. Creative at his finest.
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@TiffanyFong_ @CelsiusNetwork @Mashinsky @sdanielleon Way worst. Celsius from the get-go was struggling to maintain prices by buying up $CEL bc Alex & Nuke (& C-suite surely) were cashing out faster than they could buy. Alex said maintain prices, sells his holding, Celsius is broke and uses our funds to buy back!
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So @CelsiusNetwork used customer funds to prop up $CEL token price to inflate its balance sheet & cover shortfalls in yield payment obligations. Meanwhile, @Mashinsky & @SDanielLeon were cashing out millions. 🤮
cases.stretto.com/public/x191/11…
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@SimonDixonTwitt It pains me to read. I’m acknowledging his genius finally. Selling ur coins to ur own company that support the prices while taking loans backed by ur own coins that you didn’t yet buy from ur ICO… wow. I didn’t go to to the right business school obviously.
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The final #Celsius examiner report is here. 600 pages: cases.stretto.com/public/x191/11…
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@TiffanyFong_ @CelsiusNetwork Thanks @TiffanyFong_ so very rare to see someone saying something and doing it in this case… as usual refreshing to remember there are good honest people out there. Insane, not our coins, not our bids, not our opinions. Thanks for tipping the scale back!
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On December 20, 2022, I received documents detailing the bids on @CelsiusNetwork's assets.
Well, I'm gonna leak them.🙃
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@SimonDixonTwitt @SimonDixonTwitt thanks for the update as usual. Agreed looks best outcome for us at this point. However looks Celsius is just becoming a “portal” for third party at this point, unsure of any long term sustainability with lasting loss of trust.
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#CELSIUS HEARING LIVE: Discussing new partners & managers for newco. Exploring sales, hosting & partnerships of mining. Plan sponsors being discussed. Value of debtors assets liquid & illiquid will go to creditors. K&E saying that they won’t hold onto creditors coins.
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#CELSIUS HEARING LIVE: Mining Update. Discussing @Core_Scientific Chapter 11. Core rejected hosting contract. Judge wants to know more on why they sold some ASIC machines. Ferraro answering K&E questions. 27,5k Rigs hashing. 70-90% uptime. 7-8 #Bitcoin per day with 25% margin.
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Tibo retweetledi
@JimmyBoy4848 @CelsiusNetwork @Mashinsky @FTX_Official Accidentally withdrew his funds right before filing for CH11… and all his friends. The only difference is that they didn’t turn on each other making it harder to un-tangle.
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Let's consider the @CelsiusNetwork bankruptcy is 6 months old.
- @Mashinsky hasn't been arrested.
- @FTX_Official folks are on their way to life in prison.
Just maybe Celsius was a wholly mismanaged financial mess? No fraud or Ponzi? Alex overpromised, messed up accidentally?🤔
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