Usually, liquidation will pay out as follows:
1. ALL, and I mean ALL, Court costs. (this will be a fortune!)
2. Employees (good faith, not Mark K. because he's going to jail!)
3. General creditors (i.e. banks)
4. Customers, users (who will get zero!)
Hope this answers your question.
Topic: 200k Gox Coins in the Pipeline - page 2. (Read 2290 times)
I wonder who this money gets after thos 200k coins get sold? Japan government? Or the people who lost their money?
Abundance of cheap coins, I welcome you wholeheartedly 
One man's dream is another's nightmare.
Do you have any idea the effect this will be having on the volatility of Bitcoin? Already people are refusing to use Bitcoins because of this volatility. Imagine what will happen when the exchange rate dips to $90.
THERE IS A BAIL-OUT ALREADY UNDERWAY AND NEAR COMPLETION! (totally behind the scenes!) The "bail-out" (more like "raid-out") is being done by people that do not have your interests at heart. No one is just going to bail out BTC because he/she/it feels sorry for its investors!! Go to your nearest bunker and hide if you're going to HODL BTC!
I am keen for the new VC owners to come in and buy gox for 1 btc ..as long as karples is locked away
GOX may be good for btc
THERE IS A BAIL-OUT ALREADY UNDERWAY AND NEAR COMPLETION! (totally behind the scenes!) The "bail-out" (more like "raid-out") is being done by people that do not have your interests at heart. No one is just going to bail out BTC because he/she/it feels sorry for its investors!! Go to your nearest bunker and hide if you're going to HODL BTC!
seems,Mt.Gox -Chaos would come to an appreciated end in the Long run.
There are still rumours about a bailout purchase by investors.
Good News for BTC
There are still rumours about a bailout purchase by investors.
Good News for BTC
You will be waiting with open arms for a long time. It's a horribly complicated case. You might be able to buy one of those coins next year if lucky.
Yes, this could really spoil our rallye... not the next one and probably not the one after that, but the one in a few years. At my last job I had to deal with quite a few insolvent companies. The last assets of the most complicated case were liquidated 9 years after insolvency. And this case was dwarfsized compared to Gox.
BTC will be sold for Cash, possibly via Auction or Tender, in lots.
Abundance of cheap coins, I welcome you wholeheartedly
You will be waiting with open arms for a long time. It's a horribly complicated case. You might be able to buy one of those coins next year if lucky.
Announcement of Commencement of Bankruptcy Proceedings:
https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf
Q. What is expected to happen under the bankruptcy proceedings?
A. The bankruptcy trustee will implement the bankruptcy proceedings, in which the assets of
the bankrupt entity will be managed and converted into cash, the investigation of the claims,
etc. will be conducted, and if funds for a distribution are secured, the liquidating distribution
will be made.
BTC will be sold for Cash, possibly via Auction or Tender, in lots.
Abundance of cheap coins, I welcome you wholeheartedly
https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf
Q. What is expected to happen under the bankruptcy proceedings?
A. The bankruptcy trustee will implement the bankruptcy proceedings, in which the assets of
the bankrupt entity will be managed and converted into cash, the investigation of the claims,
etc. will be conducted, and if funds for a distribution are secured, the liquidating distribution
will be made.
BTC will be sold for Cash, possibly via Auction or Tender, in lots.
Abundance of cheap coins, I welcome you wholeheartedly
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