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CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin). The Company operates through three segments: self-mining, hosting and miner sales. The Company is the supplier of graphics processing unit (GPU) and Australian securities and investments commission (ASIC) miners & hosting solutions worldwide. The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc., CryptoStar USA, Inc., and Neuro Digital Inc.


TSXV:CSTR - Post by User

Bullboard Posts
Comment by aldube30on Jun 09, 2017 11:53pm
94 Views
Post# 26348184

RE:RE:RE:RE:RE:Extremely Surprise

RE:RE:RE:RE:RE:Extremely SurpriseNo, they sold partial assets. It's unclear about which one exactly though. At the end, they are saying that the shell, tax losses and rest of assets still belong to holders. This come from the complete french version. From what I understand, Ormiboard is still an asset, and so are the tax losses.

The thing that make me wonder if something else will really come out is when they mentioned that last august a firm was engaged to find a buyer and there had no interest. They needed to negociate that offer because at first, offer was lower than 300K USD.

So now debt should be clear and there's no pressure to liquidate assets. This isn't totally dead yet, but don't expect much of anything.

GL

luv2fly wrote: unfortunatly  the court document says in proposal that "EXO disposes of its assets to creditors.  Which to me means. Everything 


Bullboard Posts