13 November 2025
Georgestext not yet in the index
I appreciate that too, and sorry to come in to your group with something that isn't strictly related to the company.
Georges, I'd be happy to speak on the phone if you have time, the messages i get from Ionic and creditors is mixed.
so they say they have not allowd share transfers, but at the same time that shares have not been issued. so keen to undestand from holders exactly what they have, and for some with KYC issues there can be outstanding items before they "have" anything
Georgestext not yet in the index
We're open to buy share here as well if there's a liquidity need, will DM
Guan WeiWe're open to buy share here as well if there's a liquidity need, will DM
You are mistaken. I am not looking to sell my Ionic shares any time soon. Say hi to Thomas.
15 November 2025
id 1370950979Hi George,
Can I ask what you realistically think the share price will be?
If they were to publicly float today on Nasdaq between $35 and $55. But really depends on the macro landscape when they list.
id 1370950979Thanks George. Just need to wait it out and see-we are use to that now lol
Correct. If you aren't hard pressed to sell to distressed asset buyers I would hold on.
GeorgesCorrect. If you aren't hard pressed to sell to distressed asset buyers I would hold on.
Thanks.No thankfully I don’t need to sell at the minute.
17 November 2025
GeorgesIf they were to publicly float today on Nasdaq between $35 and $55. But really depends on the macro landscape when they list.
As a larger(ish) holder of Nebius, these markets are crazy volatile, so don't count on too much from IPO, fingers crossed for a nice suprise
24 November 2025
GeorgesIf they were to publicly float today on Nasdaq between $35 and $55. But really depends on the macro landscape when they list.
Just curious, how did you come thoes estimates? I assume you are talking about Ionic digital. I remember some previous estimates of $20 or less.
DorianJust curious, how did you come thoes estimates? I assume you are talking about Ionic digital. I remember some previous estimates of $20 or less.
Given the latest Ionic reporting, the Nscale contract and the current market appetite for such a company. Of course I could be way off but I am confident in my experience here - if anything I am on the conservative side.
30 November 2025
Guys, if you want to see just how unfair the distribution was between US creditors and non-US creditors, take a look below:
Scenario for a Celsius non-Us creditor HODLing 9.3 BTC and 110,000 USDT into Earn.
Step 1: Your "Locked-In" Claim Value
Your claim was calculated using the bottom-of-the-market prices from July 13, 2022.
9.3 BTC (@ $19,881): $184,893
110,000 USDT (@ $1.00): $110,000
Total Allowed Claim: $294,893
Step 2: The Split (Cash vs. Crypto Creditor)
We assume the standard 57.9% initial recovery on that claim amount.
Scenario A: You (The "Cash" Creditor)
Because you are in a non-supported region (like Malaysia), your distribution was converted to USD.
Payout: 57.9% of $294,893
What you received: A check/wire for approx $170,743 USD.
Current Value: $170,743.
Result: You recovered your USDT principal plus a fraction of your BTC value, but you have zero exposure to the market today.
Scenario B: The "In-Kind" Creditor
A creditor in a supported region (US/UK/etc.) was owed the same $170,743, but they received it in coins based on January 2024 prices (BTC ~$43k / ETH ~$2,577).
The Conversion:
$85,371 in BTC = ~1.98 BTC
$85,371 in ETH = ~33.12 ETH
Value of those coins today (assuming ~$110k BTC / ~$3.6k ETH):
1.98 BTC is now worth: ~$217,800
33.12 ETH is now worth: ~$119,232
Total Current Value: ~$337,032
The "Unfair" Difference
Here is the cost of being a non-US/Cash creditor in this specific scenario:
Crypto Creditor Value: $337,032
Your Cash Payout: $170,743
The Gap (Loss): ~$166,289
FZGuys, if you want to see just how unfair the distribution was between US creditors and non-US creditors, take a look below:
Scenario for a Celsius non-Us creditor HODLing 9.3 BTC and 110,000 USDT into Earn.
Step 1: Your "Locked-In" Claim Value
Your claim was calculated using the bottom-of-the-mark
so basically creditors who could receive in-kind vs those who could not? this has nothing to do with US vs non-US, I'm on the deep dark 3rd world continent of Africa and got in-kind distributions every time so far
Danielso basically creditors who could receive in-kind vs those who could not? this has nothing to do with US vs non-US, I'm on the deep dark 3rd world continent of Africa and got in-kind distributions every time so far
Not many countries were included in the supported list for in-kind distributions. I’m one of the creditors who holds two citizenships and a permanent residency, all from different countries. In fact, I used my country of birth as my Celsius residence address, it was on the supported list and my Coinbase was also approved. So, in the end, none of my jurisdictions were able to support in-kind distributions. I had to receive a USD wire transfer instead, and I waited a very long time before finally receiving it just recently.
That is unfair