Topic: Mtgox now has 99% asset value to cover claims. (Read 260 times)

Bitcoin Value
202,185.36428254btc x $1884 = $380,917,226

Other Asset Value
1,681,125,559 JPY = $14,726,962

Total Asset Value
$380,917,226 + $14,726,962 = $395,644,188

Total Accepted Claims Value
45,609,593,503 JPY = $399,548,249 JPY

100/399,548,249 x 395,644,188 = 99%

Mtgox now holds value to cover 99% of claims.

So, do you guys actually want your money back or what? Because now is the time to start shouting. Mtgox is no longer bankrupt and in theory from this moment onward we could get our money back. It requires that payments are made out in mostly btc and it requires that Mtgox comes out of bankruptcy.

We need to work together to make this happen and we may not have much time to do this.

We will need to hire a lawyer in Japan to speed things along. Maybe we can crowdfund this together. We need to have contact with the trustee to get him onboard, but we need to keep in mind that his paycheck for the next few years would have been coming out of this bankruptcy and he has an interest in making this go on as long as possible.

Mark, you need to start providing with information on how we can move forward with this. You have more influence and knowledge of the situation than any of us here and you need to do right by us. I have been asking you to do this for a while now and you have been very dismissive of the fact that the price was increasing and that we would soon have a non-brankrupt mtgox. Well here we are. It's your time to shine.

If anyone has any information or suggestions on how we can make this happen then please post in this thread. This includes the hedge funds that have been buying large claims. You guys have a chance at making over a 5 fold win in less than a year if you bring Mtgox out of bankrupcy.

Let's do this!

Discussion on reddit Mtgox Insolvency sub can be found at...
https://www.reddit.com/r/mtgoxinsolvency/comments/6aiqk2/mtgox_now_has_99_asset_value_to_cover_claims/