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March 03, 2014, 03:06:47 PM |
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Just wondering if people know the extent of the debt.
As of now, the liabilities of MtGox Co., Ltd exceed its assets and its financial situation is as follows:
Total amount of assets 3,841,866,163 Total amount of current liabilities 6,501,119,371
Am I correct in believing this is just assets and liabilities in Yen?
Therefore,
Gox owes 2,659,253,208 ($26,251,281.47) in cash + Gox owes 750,000 in BTC (estimate that at $450,000,000)
Total converted to dollars: $476,251,281.47
It sounds an insane amount. I thought the figures on the website were in dollars but I notice there is no mention of the currency, just the figures. So I assume we're in Yen territory (or Gox is really screwed!)
Am I right, Gox owes $476,251,281.47 (taking into account the BTC debt which of course it will try and wriggle out of placing the value on it that I have just done (in truth it should be more given they locked coins in when BTC was at $1000)).
Apologies if I'm way out, but there seems to be conflicting reports from the media.
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