It has been a while...

Any available info about the procedure ?

 

It's a joke,

how can they " assume all of Mt. Gox’s liabilities and obligations.",

and say that the creditors willl get back a prorated amount ?

Paying the creditors is the first liabilitie isn't it ?

Then the exchange to obtain equity is quite a joke too, as you don't know the value of total equity, and so neither wich prorata you will get...

These guys may be even worst then Mark K. incompetency, they are vultures ...

Hi Guys.
Just inscribed myself, got goxed too... (asked withdrawal for all my fiat mid january, but it never arrived).

I don't if this has be done somewhere (tell me if so) , but I was just trying to guess how much I could get from the bankrupcy procedure...

I made a few guesses :
- All MTGOX assets are shared beetween us
- BC and fiat holders are treated equally
- MTGOX BC are just lost
- 10% of the assets go to procedure costs and people ( that what happens in france, these people pay themselves first...)

the big question is the amounts on each side :
according to the crisis draft :
-Assets : 2000 BC + 32,4 M$US
-Liabilities : 544 k BC (624 _ 80 ) + 55 M$US

and then the price of BC to balance everything is a key too (high price for BC make the hole bigger...)

With a BC price @500 $US, the assets cover about 8% of the liabilities ...
If the BC price go to 200, then we could have about 18% back .

then I saw that MTGOX still have something like 200 000 BC.
It would make about 30/ 40 % ( wich I would be happy with ! )

Well,
It s a lot of guesses, and this can take more than a year ...

what do you think ?