OPEN LETTER to Donald, Patrick & Amir RE: Bitcoinica - page 11.

vampire

hero member

Activity: 574

Merit: 500

Quote from: Phinnaeus Gage on September 13, 2012, 07:54:38 PM

Quote from: dancingnancy on September 13, 2012, 07:16:12 PM

Tihan-

Do you have any idea, after paying for this entire process, what will be left over for the rest of us? Any idea at all would be nice.

Thanks

I don't know how to read one of these things, but it looks like it's not that bad. http://www.mvp.co.nz/media/reports/11260+Limited+(In+Receivership)/112603report.pdf

A $472 fee to recover $6,221. I like that.

Here's another example: http://www.mvp.co.nz/media/reports/Water+Systems+Treatment+Specialists+Limited+(In+Liquidation)/watersystems2ndreport.pdf

$472 fee? It's the balance that was after all fees.

$6221 recovered - 3150 receivers fees - 1380 salvage payment - 1219 legal fees = 472 balance to pay to creditors.

Capital One Corporation

newbie

Activity: 14

Merit: 0

Quote from: greyhawk on September 13, 2012, 06:08:30 PM

Isn't Amir tied up all weekend with organizing the London conference?

Think and take a look at the paper work and decision for 60 seconds.
print it 60 seconds (print machine needs some warm up)
sign it 3 seconds.
tell people that they have sighed and mail the hardcopy, 300 seconds.

So, it will take 423 seconds from them.

dancingnancy

hero member

Activity: 661

Merit: 500

Quote from: Phinnaeus Gage on September 13, 2012, 07:54:38 PM

Quote from: dancingnancy on September 13, 2012, 07:16:12 PM

Tihan-

Do you have any idea, after paying for this entire process, what will be left over for the rest of us? Any idea at all would be nice.

Thanks

I don't know how to read one of these things, but it looks like it's not that bad. http://www.mvp.co.nz/media/reports/11260+Limited+(In+Receivership)/112603report.pdf

A $472 fee to recover $6,221. I like that.

Here's another example: http://www.mvp.co.nz/media/reports/Water+Systems+Treatment+Specialists+Limited+(In+Liquidation)/watersystems2ndreport.pdf

u r gud at teh internet

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: dancingnancy on September 13, 2012, 07:16:12 PM

Tihan-

Do you have any idea, after paying for this entire process, what will be left over for the rest of us? Any idea at all would be nice.

Thanks

I don't know how to read one of these things, but it looks like it's not that bad. http://www.mvp.co.nz/media/reports/11260+Limited+(In+Receivership)/112603report.pdf

A $472 fee to recover $6,221. I like that.

Here's another example: http://www.mvp.co.nz/media/reports/Water+Systems+Treatment+Specialists+Limited+(In+Liquidation)/watersystems2ndreport.pdf

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

I'm waiting for the version of this for pirate's BTCST to happen...oh wait...

julz

legendary

Activity: 1092

Merit: 1001

From my limited experience with liquidation lawyers here in Australia, the administrators and lawyers will rip into the carcass like hyenas by gouging the wide-eyed puppies on the sideline for the privilege of picking over the merest scraps of what was once theirs.

Good luck though.

dancingnancy

hero member

Activity: 661

Merit: 500

Tihan-

Do you have any idea, after paying for this entire process, what will be left over for the rest of us? Any idea at all would be nice.

Thanks

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Reading this http://www.mvp.co.nz/profile/our-people/iain-mclennan I see no reason why he shouldn't/wouldn't look into Zhou Tong as well, seeing that he's worth his salt. That said, I like this guy.

~Bruno~

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: repentance on September 13, 2012, 06:09:06 PM

You should probably fly to London and place it in their hands in front of an audience.

Tihan wouldn't have to fly there at all. Whoever is attending should have three copies on their person to present to them at the conference in front of witnesses with a camera rolling for our viewing pleasure. Walmart has a sale on caramel popcorn this week and I'm planning on stocking up.

~Bruno~

malevolent

legendary

Activity: 3472

Merit: 1722

I think you should at least call them / email them in case they don't browse the forums.

repentance

hero member

Activity: 868

Merit: 1000

You should probably fly to London and place it in their hands in front of an audience.

greyhawk

hero member

Activity: 952

Merit: 1009

Isn't Amir tied up all weekend with organizing the London conference?

dancingnancy

hero member

Activity: 661

Merit: 500

Thank you for trying to advance this along.

tseale

donator

Activity: 18

Merit: 0

On behalf of the Bitcoinica investors and customers, I direct this message to Donald Norman, Patrick Strateman and Amir Taaki.

Gentlemen, I do not have to remind you of the calamities that have befallen Bitcoinica since April 24. The universal dissatisfaction surrounding the events has been discussed at length elsewhere.

In your absence, Bitcoinica's investors and others have been pursuing options to minimize loss and move the refund process forward. Unfortunately, there are no efficient ways to do this without your cooperation.

I'm writing now to ask you to support the needs of the customers.

Attached you will find a company resolution that authorizes formal liquidation under New Zealand law. As you know, your legal authorization as owners is required to take this step.

If you continue refusing to act, the only way forward is court. This will add months of additional delay and drain significant funds that would otherwise go toward repaying customers.

I thank Patrick Strateman in advance for your promise to assist the liquidator. Words are a good start. What's needed right now is action, from each of you.

It's important that you return the signed resolution before the weekend.

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Topic: OPEN LETTER to Donald, Patrick & Amir RE: Bitcoinica - page 11. (Read 27042 times)