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Author Topic: Mt. Gox Bankruptcy Solution: Redistribute stock: 1 coin = 1 share.  (Read 902 times)
cognoscente
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February 28, 2014, 12:46:30 PM
 #1

No other plan can fairly make us whole.  We are the entirety of what is left and stock is the only thing that Gox has to offer.  We simply need to keep legal fees from eating up what little we have left and operate a proper lean and mean exchange with what assets we have.  Voting and dividends are properly weighted. 
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February 28, 2014, 12:50:42 PM
 #2

fat chance bankruptcy it to protect the personal assets of the person running the corporation...so assuming he gets
his day in court ...gets a waive and a slap on the butt and out the door on his bankruptcy ..with the stern warning
not to do it again for 7 years...the worst that will happen is that he keeps all his personal assets (and the same
for others involved in the whole escapade)

so in say a year we could be looking at him clear of the whole thing ..assuming he really was just clueless
on how to run mtgox.com ...so being stupid may let him keep some of his millions he cashed out in btc.

bankruptcy ...so stupid people who loose your $$$ under a corporation can keep their stuff and then
go on with the accumulated personal wealth to screw you in the future.

we all seem to be getting 'schooled" on how real finace works here lately.....huh?

Searing

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cognoscente
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February 28, 2014, 01:01:33 PM
 #3

The theft component should change that.  Half a billion dollars worth of ignorance is kind of a hard sell.  Ill gotten gains aren't protected.  If he's lucky, he'll be watching from behind bars.
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February 28, 2014, 01:04:21 PM
 #4

The theft component should change that.  Half a billion dollars worth of ignorance is kind of a hard sell.  Ill gotten gains aren't protected.  If he's lucky, he'll be watching from behind bars.

again not if he is stupid....if there really was a fatal flaw in how the transactions were done and it was a years long loss

being stupid could get him to walk

we will see...but knowing the guy and how he handled the company when we "THOUGHT it was working PR and otherwise

he likely has a pretty good defense being 'stupid"

so humilated he may be in all this but he could walk from all this with his personal assets intact

just saying this now so the open wound/scar can take hold 1 year from now if he walks with all his personal assets intact

Searing

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gollum
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February 28, 2014, 01:06:24 PM
 #5

No other plan can fairly make us whole.  We are the entirety of what is left and stock is the only thing that Gox has to offer.  We simply need to keep legal fees from eating up what little we have left and operate a proper lean and mean exchange with what assets we have.  Voting and dividends are properly weighted. 
I agree, they could distribute the company based on how much fiat value you have in the company compared to total debt of the company.
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February 28, 2014, 01:20:50 PM
 #6

fat chance bankruptcy it to protect the personal assets of the person running the corporation

A great example of why corporations, which are state enabled entities, inherently distort the market because of the lack of ramifications of failure.

Colored coins? Anyone?

http://5fla.gs - @5flags on Twitter
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February 28, 2014, 01:32:44 PM
 #7

This is also discussed at reddit: http://www.reddit.com/r/Bitcoin/comments/1z6bpy/we_should_become_shareholders_of_mtgox_and_save_it/
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