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Voyager's CEO accused stocks worth $ 31 million when the shares reached record heights: CNBC
Voyager shares exploded in the five months before Erlich's share sales by 3,600 % The shares of the bankrupt company were decorated on July 5 by the Toronto Stock Exchange Stephen Ehrlich, CEO of the bankruptcy crypto loan Voyager Digital, earned $ 31 million by selling company shares last year. On Wednesday, CNBC reported that his equity sales, which were represented 1.9 million shares, were carried out between February and March 2021, citing data from the Canadian Securities Administration. According to reports, the shares have personally sold the shares together with its limited liability companies based in Delaware. The Voyager share was in the ...
Voyager's CEO accused stocks worth $ 31 million when the shares reached record heights: CNBC
- voyager shares exploded in the five months before Erlich's share sales by 3,600 %
- The shares of the bankrupt company were decorated on July 5 by the Toronto Stock Exchange
Stephen Ehrlich, CEO of the bankruptcy crypto loan Voyager Digital, earned $ 31 million by selling company shares at its peak last year.
According to reports, he personally sold the shares together with his limited liability with its Delaware -based companies. The Voyager share had increased by 3,600 % from $ 2 $ 26 in the five months earlier. The company's share price had recovered in parallel with Bitcoin and Ether, both of whom rose by around 400 %.His three largest transactions worth around $ 19 million were bound by a second offer from the investment bank Stifel Nicolaus in the amount of $ 50 million.
The Voyager stocks reached their maximum at $ 34.35 per share during the last sale of Ehrlich. Now Decotized The share in the middle of financial battles this year, which led to its bankruptcy, over 98 % Last day of trading at $ 0.33 per share, as data from Handelsicht shows.
Voyagers Natural token VGX has developed a little better. VGX increased by up to 70 %when rumors of his bankruptcy first circulated at the end of June, but its price has more than doubled since his lows in July and is now being traded at around $ 0.34. Although this has still decreased by about 90 % in the previous course of the year.
The complicated corporate structure of the company, including its 2019 reverse Fusion with a mailbox company, and other internal business relationships make it difficult to determine exactly how much honestly stuck outside of equity sales, the report says.