$FTT Dare to guess a bit, I suspect FTT has already changed hands. A few days ago, news suddenly broke that the EU license has been sold. Moreover, the transaction was completed around April last year. However, the court documents did not disclose this information.
Looking back, in April, FTT had a large transfer. 60% of FTT was transferred to a new address. At that time, there was no explanation; the news claimed it was normal to change wallets, which was a cover-up. It is estimated that relevant issues were already negotiated in April.
Whether to restart or not is related to the fate of FTT. If not restarted, the large holder's several hundred million market value would go to zero. We small investors are anxious like this, and the large holder is even more eager for a restart. Since the hands have changed, the new holder must have incurred costs, and incurring costs means needing to make a profit, which necessitates a restart.
The court documents say no restart; without a restart, FTT's value could be zero, and there would be no need to compensate according to 22U. This operation saved a lot of money; everything is just to lose less money, to turn things around.
Those holding positions sing bullish, while those without positions sing bearish. The butt decides the brain.
The above is merely speculation.