John Pozios on LinkedIn: Legendary Trader Peter Brandt Says Bitcoin Flashing Rare Bullish Signal –…

Bidding opened last night. Bids due today. This is one CIM I’d love to read. Would be interesting to see the bids. A lot of all-nighters pulled at banks last night, no doubt. From the outside looking in: $209B in total assets – $175B in total deposits + $x in insured deposits – $y discount on net assets (likely discounted to liquidation value) = Approximate quantum of bid. The only question is whether or not there’s a strategic investor out there willing to pay a premium for these otherwise distressed assets that has the financial resources to close. Even if it can negotiate a VTB, the buyer has to be liquid enough to cover the value of the uninsured deposits. Stay tuned! 🍿