Looks like Karpeles' liabilities are increasing. A $100 increase on BTC today.
So, 100 x 750,000 = $75,000,000
+ $476,251,281.47
Total: $551,251,281.47
(assuming I was right in the first place)
GO >>>>>>> BTC >>>>>>>
Topic: Gox's debt (Read 839 times)
I also thought the figures were in USD! That's insane why MtGox is on bankruptcy process if there is still great amount of assets and money. Correct if i am wrong.
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.
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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