What a shame…
It’s chapter 11 restructuring. Shedding legacy obligations. Quite smart.
Inveniam will keep them afloat while valdi and pentagene will likely die off. Petagene at least made some sense for the storage company but valdi?
Anyway, I see that as positive. Next step shall be price hikes for customeres, better marketing, and payout reduction to operators.
I think storj is quite viable in right hands. Whether current hands are right — time will tell.
Their marketing is definitely dogshit, that’s for sure.
I’ll wait to see how it plays out. I’m not optimistic.