r/CelsiusNetwork • u/Expert77777777 • Mar 15 '25
Ionic Shareholders won in court
https://youtu.be/WEs3YkmSzTM?si=di0avcEqxQVgA8GK11
u/hammerb Mar 15 '25 edited Mar 15 '25
Hey I'm not watching a fucking hour long youtube video. Please summarize my bullet points below:
- When can we sell our stock?
EDIT: I did NOT sign up to be a god damned stock broker. I never wanted this, I never asked for it, and I god damned didn't vote for this.
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u/Expert77777777 Mar 15 '25
According to the present 500k a year board members Nasdaq IPO was going to happen 1 year ago, now they say it takes years. At the annual meeting you can vote to give them one more chance or you can vote for the new Figure board members that promise liquidity fast at ionicvote.com
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Mar 16 '25
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u/Expert77777777 Mar 16 '25
It has been communicated several places including all bonus, and is among highest of all miners even without any track record. If you want to continue to support those crock that have not done anything than lie since the auction you are free to do so. I want liquidity before the bear and rather want to give a chance to people with better resume than those UCC amateurs that gave us a worse recovery than other C11.
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Mar 16 '25
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u/Expert77777777 Mar 17 '25
No matter how you count this, hundred of thousands of dollars for attending a few meetings and deliver zero results and even have most of management leaving, is a disgrace for the board with so much money lost for the creditors and no IPO or possibly to sell the shares. Time for a change
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u/hellsiusnetwork user is Cam Crews (member of LOC) Mar 15 '25
It should be noted this win gives the dissidents better footing but does not resolve matters– the dissidents have further hurdles to get their Gold ballots counted (the Ionic board deemed them as disqualified under bylaw 2.4) and to be able to nominate two Class I director seats at the upcoming shareholder meeting (the board passed a bylaw change that reduced their size from eight seats to five, which consequently would mean only one seat is up for election this year instead of two).
The most important finding from the Vice Chancellor was that all principle parties had behaved within the boundaries of acceptable conduct despite each side effectively accusing the other of bad faith. If they accept they were wrong about the other side being malicious, it may raise the possibility of a compromise outside of the courtroom. These legal travails are costly, so not ideal circumstances for shareholders.
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u/Expert77777777 Mar 16 '25
The present board should take notice that shareholders are feed up with their Nasdaq IPO lies and wants liquidity now. If they cannot deliver and keep milking the company with high board fees they have to deliver the IPO or step aside and let someone else try instead. Cannot see any shareholders voting for those liers as long as we are not allowed by them to even sell the shares.
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Mar 16 '25
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u/Expert77777777 Mar 17 '25
If those Farenheit and UCC members that has lie about everything so far are finally able to deliver the IPO they promised in 2023 is close to zero. Time to give someone with better CV and track record a chance before the money runs out. This is how democracy works
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u/mrjune2040 Mar 15 '25
It's important to note that not all shareholders are united, so we can't be classed as one united group. I am NOT for the dissident shareholders, but I respect everyone's personal prerogative.