Hodlnaut responds to "OPNX plans to invest $30 million in Hodlnaut" offer: Hodlnaut directors do not have the authority to discuss resolutions on behalf of the company

ChainCatcher news, regarding the recent report of "OPNX planning to inject $30 million into Hodlnaut", Hodlnaut responded that Hodlnaut founder & director Simon Lee had emailed the interim judicial manager (IJM) at the end of July mentioning this offer and requested users to reply, indicating their support for the directors' application to suspend execution to advance the proposed offer.

However, Hodlnaut stated that this email was distributed without the authorization or approval of the IJM. The IJM has never been in contact with OPNX, has never received any investment offers from OPNX, and is unaware of any statements the board may have made to OPNX regarding the company.

The IJM also wishes to emphasize that the directors were stripped of their management rights over the company as early as August 29, 2022, and the directors do not have the authority to represent the company in any discussions with potential white knights. Meanwhile, the IJM reminds users that it is not responsible for the statement that "the approximate return in liquidation is 22 cents."