http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/
“Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange. The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.”
So, I either take a 80% haircut or I get own one share of stock instead of five. How is this any better than liquidation? Also, my rate of return is 50% of what's ideal.
The best way forward is if creditors get together to take over Gox to run a community exchange. The MtGox Recovery Initiative (http://www.mtgoxrecovery.com/) needs 50% of creditors to back this; we currently have about 40%. Please sign up if you haven't already.
Topic: Investors’ Proposal to MtGox Creditors: Take a 80% Haircut or... (Read 622 times)
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