Dear Investors

I confirm that Steve Lawrence & I, of PKF Corporate Recovery & Insolvency (Auckland) Limited have been appointed liquidators of the Bitcoinica Limited Partnership, which is registered in New Zealand. We are currently collecting information  and records and our immediate priority is securing the investor funds (in both cash and Bitcoins) and determining investor balances. It is too early to know how long the liquidation process will take, but we would like to move as quickly as possible towards a distribution to investors/creditors.

With this in mind, we would be grateful if all investors and creditors could email us with:
1. Their address and contact details;
2. Details of any amounts owed (both in bitcoins and/or currency); and
3. Supporting documentation for the claim;

Please send your details to taslim.bhamji@pkfcr.co.nz

The Liquidators’ first report is due to be sent to all creditors by 26 November 2012, but we are unable to do so if we do not have contact details for creditors or investors.  Our report will provide you with further details on the liquidation process.

We would also appreciate feedback from investors on whether they would prefer to receive a distribution in the form of Bitcoins (where possible) or whether they would prefer a straightforward cash distribution. We are still seeking to determine what options are available to us at law, and will let investors know in due course.

Lastly, we are aware of legal proceedings underway in California against the Limited Partnership. The Liquidators have sought to have the Limited Partnership withdrawn from the proceedings on the basis that it is in liquidation. We are concerned that the plaintiff investors may be seeking to better their position ahead of other investors, and we wish to see everyone treated fairly and equally.

If you have any further queries, please contact Taslim Bhamji on the email address provided.

Kind regards

Anthony McCullagh
Joint Liquidator
Bitcoinica LP (In Liquidation)