Alexey
August 2, 2026, 8:12am
45
I don’t know. I think that details should be published accordingly the plan
How it would work. Six steps, at a high level:
1. Indications of interest, now. Voluntary, not binding, no tokens and no money.
2. If the interest supports it, management and council design: securities review, the jurisdictions involved, exchange questions, and what the vehicle actually is.
3. The proposal then goes to two audiences at once, this community and the bankruptcy court. Both have to find it workable.
4. If it clears both, terms and mechanics get published in full documentation for you to evaluate.
5. We stand up a vault where committed tokens can be deposited, with the paperwork completed at that step. We intend to move on this as soon as next week.
6. The vehicle submits its bid for the business.
Our working estimate for the full process is 8 to 12 weeks. The court sets the calendar, so we will publish milestones as they are set rather than predict them.
If this works, we’ll finally be able to change some annoying things and make things right.