 Great, welcome to the last news. My name is Rob and today we've just got a couple of things to go over and because it's Sunday And I want to take too much people's times But there's something coming across the desk where we took a look at what could potentially Make Celsius investors whole it's an interesting idea and I'm behind it But there's a couple of catches and we'll go over all those things and then lastly are next to last Tip of the hat over to tokenomics as they bring forth web 3 and NFTs real utility I gotta tell you it was a pretty good idea And I just want to talk about it real quick and then lastly we'll do a little Q&A But before we get into all that I just want to make mention of one important probably the most important thing for today Never forget This is September 11th. I know a lot of people don't talk about as much You don't hear it on the news. It's certainly as hell. We're not gonna hear too much about on YouTube But it is what it is. Don't ever forget this day and exactly what happened. And I just want to say A moment of silence for all those people those poor people that lost their lives on on the airlines That flew into the towers the people in the towers the brave men and women who rushed in to save those people as The buildings were were collapsing also the health and different problems that they have moving forward As they were battling on ground zero and then all the brave servicemen and women who lost their lives in the war And where did it get us? So there are things though That we can take from it and it's not a very It it's it's important that we look back and see what exactly happened I'm not gonna go too much into it, but it's about the mentality and I know that a lot of a lot of us in the space We've taken a lot of heat Especially the Celsius and Voyager investors crypto investors and investors around around the world however It's the mentality and there are certain aspects that you can take from this and just think to yourself Is this really the worst thing that's happened to me? I mean, yes, we've all lost You know for our positions and things like that. We've all lost a different amount of crypto And some people have lost their entire life savings. However, it is the mentality that pushes us forward I know these are the tough times but these are the ones where millionaires are made and I want you to just to think about this as I play this little Sniffin, it's about 20 seconds long Think about how bad things are for you and how you control it only deal with the things that you control and and Get rid of all the things that you cannot control and it really comes down to again How you can actually deal with things and to bring this point home There is an audio clip and this is from Brian David Sweeney. It's nothing that is Too provocative or are too out there, but I want you to listen to this gentleman's voice as He is on the flight 175 20 seconds how calm he is How he knows where things are going and how he handles it and I and I want you to remember this when you're thinking about Oh, man, I'm 10% down. I'm 20% down my portfolio or where this happened. Just listen to this And this is him well first of all, here's his wife. She was a good interview links in the description. You can watch the whole thing This is gentlemen right here Stout guy very calm and in the face of all these different things This is when you know Heroism or our courage is actually revealed So I know that there are some different problems that are going on and maybe your life or a lot of people's lives around you Just remember it's all about how you deal with the things that are going on. All right, so that Was the piece for just a little mentality and moment of silence now, let's get into it Making Celsius investors whole I got to tell you this one When I was taking a look at it It did make a lot of sense and this was a it was a tweet The people who are organizing around the Celsius official committee Unsecured creditors and it makes a lot of sense about here what's going on So what they're gonna do is they're gonna give an opinion of where things could go and when I took a look at I'm like, this doesn't make a lot of sense There's a couple of catches. There's some things that I definitely would not agree on But if you like what you see here What I would like you to do is use the Twitter handle for the Celsius official committee of Unsecured creditors was the one that are supposedly fighting for us and talk to them and send out a tweet to them and say this looks like An a viable option. So let me blow this up real quick And they stop my screen share my tab To actually hear it This is about two minutes in length listen to this I think it can go a long way You'll have the option to sell your equity on a secondary market or huddle Hey, you see see listen up We've created a rock star restructuring plan to make Celsius depositors whole we believe the Bitcoin mining business Is the company's most tangible asset and the best way to fill the hole in Celsius's balance sheet? Let's break it down. We want to provide equity to customers for their missing funds and crypto More specifically, we want to give 51 percent of Celsius mining LLC to creditors in the form of paper equity with plans ongoing public in the next full market for example, if you had $100,000 on the platform at the time of bankruptcy and Celsius had a 30% hole in its balance sheet That means $30,000 is the amount of funds you're missing and therefore the equivalent amount of equity You'll receive in the Bitcoin mining business The rest of your funds in this example 70% would be returned to you and fellow creditors with a time lock on withdrawals to prevent another bank run You'll have the option to sell your equity on a secondary market or huddle that equity Until a potential liquidity event like an IPO Why is this great for creditors like you and I Bitcoin mining competitors riot and Mara? Did 100x gains on their prices in the last cycle instead of selling your crypto at the bottom of the bear market? You'll instead have equity in a Bitcoin mining company with potential for great returns So what are the next steps? Celsius mining LLC to become its own separate standalone entity complete the mining facility build out and be profitable by quarter one 2023 IPO during the next full market Approximately 2025 and get listed on the Nasdaq for more detailed information There you go. So there's a couple things to break down there and of course there is always a catch, right? We can take a look at that and go well, that sounds pretty good But then there is a whole thing about waiting and then for me when I when I thought about I go Well, I'm gonna be here for the long haul anyhow. So what's the point? So I could see where this is going again This is not financial advice. This is just I'm not a financial advisor and I can't tell you what to do But as far as like making people whole there's always gonna be Reasons and options, but I think this would be just the long haul over. There's a couple of things first of all why 51% Let's be honest. Did you or I? Didn't we front the whole bill? Didn't we take all the risk? So why are we getting 51%? No, that's not gonna happen So it's got to be at least 75 80% if not 90% or more to get into this because When we came through it wasn't like oh you guys had the risk. No, no It was all of us that took the risk. So if we're gonna go through with that plan You better believe it's gonna be more skewed to my side and then the next part was Then it talked about how it would have to be a whole new server company. Well, absolutely Can you imagine that these clowns who were running Celsius to actually be a part of this? No There's no there's not a snowball chance in hell that could actually happen So if we take a look at that so it has to be a separate entity It has to be run by somebody else and that makes a lot of sense And if anybody has any doubts about you know, well, maybe they just had a bad day There's a great article Dirty bubble media a length in the description It's called Moshinsky's flywheel and uh right there is a little Bernie Madoff head good for them Very long. I'm just gonna paraphrase for it real quick The Vermont department of financial regulation filed a motion in Celsius now works chapter 11 case encouraging the appointment Of a bankruptcy examiner exerting that Celsius had admitted at the 341 meaning that the company had never earned enough revenue To support the yields being paid to investors This shows a high level of financial mismanagement And also suggests that at least at some points in time yields to existing investors were probably being paid with the assets of new investors that would be A Ponzi and it says if this claim is true That's the definition of a Ponzi scheme So no, I do not allow anybody from Celsius anybody from Celsius who was a part of that To go forward because they knew exactly what's going on. Here's the thing We run to the assumption that things were on the up and up We run to the assumption that things were going just fine. Maybe there's a little bit of hiccups here and there But we we rush it out now as time went on We realized that Celsius was working until it didn't and hopefully we got out as fast as we can I still have some of my funds stuck on there. I'm sure some of you as well did too So for this plan that we just took a look at over here to actually go through it cannot In any way shape or form have anybody who was a part of Celsius network Anybody and then also as far as the uh, there was a little part there Where it said if there's a hole in the balance sheets and uh, you know 30% or 70% will be returned to the the users. I don't know if that's Even legitimate to go through this is the actual hole in In the uh, Celsius liabilities and assets uh for their for their profit and losses And you can find I link this also in the description. So here's the liabilities And this is in millions. So user liabilities four billion 720 million Celsius liabilities, custody and other so the total liability is 5.5 billion. And here's what they have on hand Here's the assets Bank cash crypto assets. Okay loans. Hopefully I don't know I was gonna get paid back Uh, allowance for doubtful accounts. That doesn't sound good net loans assets mining assets 720 million That's a big big number. I think that's what they're what they're banking on It's the assets the miners or for the actual rigs that they're using not the actual bitcoin that's producing right now It's not doing too much because they're only halfway at capacity custody assets sell so another total assets is 4.3. So there's a hole And this was uh, this was as of july 13th It may there may be some updated information, but you're looking at about a billion Hole somewhere and that's a big hole to make up. And then of course if we take a look Here was a document filed on august 2nd For the baseline liquidity, which what they have right now and again, this is in millions The baseline liquidity on what they say Right now roughly 111 million. And then of course is operating expenses go down Legal fees and everything else the longer this drags on folks the more the less money they're gonna have and then 9th of september 107 million 101 million going down to 30th of september, let's just go to the top 25th of november They're saying that they'll still have some money left to actually go through with different things 42 million But again 111 million to 42 million. That's not gonna crush us. What's gonna crush us is if this drags out so Let your voice be heard Tell people what you think should be a good one And you know what the best way to do that is to sound off on the celsius official committee of unsecured creditors And tell them what you think there's a bad idea. This is a good idea. It's it's up to you put that into your hand So let me know what you think about that also in the comments Let's move on To our last piece. Oh, it's pretty good Uh The embolina and token metrics I gotta tell you they did a pretty good thing. This is what happened. Um So I had Ian on the show on august 11 2022 and he was talking about astro bot Society nft and I'm like, yeah, man. Sure. Come on. It sounds pretty good But um, what they did was pretty interesting and they did this only you can do this right now It's already meant to it's already done But I just want to say it was a good idea and what they did was and there's a live stream You can watch with Ian how it all went down What they allowed you to do was Let me just click on pricing instead of paying because Right now it's token metrics. It's an ai driven platform Research and really good stuff good. You know good stuff and uh They have different tiers for their membership 20 bucks a month 100 bucks a month 300 bucks a month or 750 bucks a month for different levels, right And that's how we all know how things to go. That's the old system That's just the way that we're used to things right makes a lot of sense. That's what every Website does is an existence pretty much but what they did And you can watch the video here is you were able to mint one of their nfts this astro bot society and it was To mint it it was 0.4 ethereum But what it did it gave you lifetime access To the token metrics platform on different tiers And what was great about that I thought it was pretty good because you get lifetime access and everything's good You know it's a key paying right, but what I thought was really cool about it It was two things first of all if at some point you're just like I don't really like this You know this isn't for me. I want to go to crypto or I've gotten all the information I have or I just didn't really get into it whatever The great thing is is that your membership you can sell it to somebody else Where else can you do that like in any website that you've ever been to Where you're like, oh, I'd like to not be a member sure stop paying and you're not a member But you can't take the equity That you've built into the membership of any kind of these websites And then put them on open see or something like that and then sell your lifetime membership And here you can't I thought that was pretty cool how how they did that now some people say, ah, it's not that gray What else is it still I to me? I think it's a step in the right direction And then if you go to let me see here Let me go back if you go to their actual website now And oops, let me blow this up so you can see it instead of my big face If you go to sign in Now look at that It Validates you with your metamask wallet So if you have the nft in there you get your lifetime access to whatever tier that you have and then of course it can just be Uh sold off to other people when you want to and then lastly I want to say this there was a great Uh, because I never really got into nfts. I thought there was dumb honestly Uh as far as like the utility but for that nft I get it And here's a great example of things that could be done and right here You can see like transferable tickets and passes domains in your names, which kind of like what it is But a digital id tickets Uh proof of it proof of where is this at proof of achievement and skills your profile crowd funding Wouldn't that be great for all the canadian truck drivers? Intellectual property Real estates counterfeit protection financial nfts music rights emails. That's a good one emails and messages We talked about this before But it just goes on and on So the thing you have to ask yourself is this is which platform is it going to be built on because You know for nfts, is it going to all going to be ethereum with those fees? I don't know or maybe some other type of layer one solution But uh, that's for you to decide and that's why I actually Dollar cost average into a lot of different layer one solutions and that's it for today So look that takes care of today in the news 17 minutes Not too bad a little bit longer. I thought it was going to be but that's it If you got to get out of here and go watch football I'm with you But uh, if you want to stick around for a little q&a, let's do that real quick I'll answer all your questions the best of my abilities and let's start that right now, huh?