FTP just went down... Hard.

[BennyLaRue]

obv depends on the conditions, raise capital is pretty vague

QuadJacks said in early May $200M for half the company. No idea if true, of course.

[BooG690]

QuadJacks said in early May $200M for half the company. No idea if true, of course.

That number plummeted quite quickly.

I still bet Cereus pays out before FTP. Takers?

[wufwugy]

That number plummeted quite quickly.

I still bet Cereus pays out before FTP. Takers?

Cereus is never paying out. Never. They lost like 97% of their business, they're in debt several times over, and nobody will buy them out. I'd be lucky to get my money off there within twenty years. The DoJ are the biggest thieves the world ever knew

FTP might pay. If they reopen and lose half of their post-BF business, they're still in a much better position than Cereus ever was

[BennyLaRue]

That number plummeted quite quickly.

I still bet Cereus pays out before FTP. Takers?

It seems pretty unlikely that Cereus can pay their portion of the $3B fine the DOJ is seeking, even if it's settled down to a smaller number. I doubt we'll ever see them, or that money, again.