illumin Holdings Inc T.ILLM

Why's it's halted

[virgintrader99]

Any one? Please

[Torontojay]

Have you been reading these posts? 

[virgintrader99]

Yes thanks very badly news what a stupid management why's they throw all cashed into one regional bank 

[Torontojay]

I'm happy I exited my position well before this fiasco occurred.  I stopped believing in the story. 

[virgintrader99]

Do you think the fund will be safe or its only insurance upto 250000 

[Torontojay]

It could be recovered but it's only risk free up to US $250k.  It was not wise to put so much money in one bank.  It's going to cost shareholders dearly when it resumes trading. 

[prophetoffactz]

Luckily I saw your post earlier and sold. We will have to see if SVB can get someone to buy the bank on the weekend. "As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits." The venture ecosystem is at risk too and so the government could assist too to stabilize the system. This is the second largest

[Torontojay]

Yes I was very early to report this.