I would like to use this opportunity to stress again that the Sunlot Holdings people tried to make a backroom deal with Mark Karpeles, and later through the court, to buy up the distressed debt. The deal, which recently surfaced through a
leaked document, would have been quite a ripoff to existing creditors and was to be made, if Sunlot Holdings had their way, behind our backs. Fortunately, it was rejected.
They state that at that time they acted in an "information vacuum" and have since then changed their plan, apparently acting on newly available information to adjust the plan. To my knowledge, the only knowledge that has become available to them since then is that their original plan was rejected, and that the general public have got to know that it looks like they were about to be taken advantage of.
In conversations with a WSJ journalist, they stated that they have
support for their plan from 70% of creditors, weighed by the size of the debt of individual creditors. This is pertinently untrue. Many of the large creditors they included in their potentially made-up figure of 70% have stated support for rehabilitation, but not for the Sunlot Holdings plan.
In the past weeks, while remaining unclear about exact terms of their new plan,
which may still not include a debt-for-equity swap, they've hired John Holmquist as a PR person, who has since resorted to some silly scare tactics such as
these.
To close, just posting the below link as a public service announcement when it comes to potential MtGox investors in general:
http://www.investopedia.com/terms/v/vulturefund.asp