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Topic: SaveGox.com - page 9. (Read 12562 times)

full member
Activity: 169
Merit: 101
Jon Holmquist
April 28, 2014, 07:17:18 PM
#11
Do creditors get either a 20% of the 200K coins or a share of the new exchange or both?
How many years to recover the full 100%?
What happens after a creditor has recovered 100%? Does he continue to receive earnings from the exchange?
Check the answer above.

No projections yet for how many years it will take. Depends on too many external factors. I presume they'll continue earning after the fact. This has yet to be finalized though.
full member
Activity: 169
Merit: 101
Jon Holmquist
April 28, 2014, 07:16:17 PM
#10
Hey guys!

I'm on the SaveGox team. If you guys have questions for the team, please post them.

I'm opening this thread because Goat closed the other one.

Thanks,

-Jon

Will your investment provide enough injection to cover the negative balance of lost deposits if there is one?

If not, then I have a second question.

How will the new exchange offer complete transparency to its books and balances?

Phase 1: Complete audit and get everyone the coins and cash remaining back to them.

Phase 2: Launch new exchange. At this point we'll be investing a couple million dollars to get it up and running and profitable.

Phase 3: Coin holders will receive equity in the new company to help pay off their losses. This third phase is still not finalized yet.
full member
Activity: 144
Merit: 100
April 28, 2014, 05:03:48 PM
#9
In addition, Sunlot Holdings was registered in December 2013. Of course that's no proof of nefarious purposes. However, considering they seem to be distressed debt investors, one wonders what "distress" signal they received (like in November 2013) that most others didn't?
full member
Activity: 144
Merit: 100
April 28, 2014, 04:26:07 PM
#8
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
legendary
Activity: 1316
Merit: 1000
April 28, 2014, 06:10:55 AM
#7
Hey guys!

I'm on the SaveGox team. If you guys have questions for the team, please post them.

I'm opening this thread because Goat closed the other one.

Thanks,

-Jon

I am surprised that there is a save gox team. Most people in the BTC community would like gox to be forever wiped away from our history without reminders of the terrible events that took place with mt gox.


Its not that simple
newbie
Activity: 2
Merit: 0
April 28, 2014, 04:14:32 AM
#6
If this team does obtain mtgox, will mtgox's wallet addresses be made public for the community to audit?
full member
Activity: 144
Merit: 100
April 28, 2014, 03:58:31 AM
#5
Hey guys!

I'm on the SaveGox team. If you guys have questions for the team, please post them.

I'm opening this thread because Goat closed the other one.

Thanks,

-Jon

I am surprised that there is a save gox team. Most people in the BTC community would like gox to be forever wiped away from our history without reminders of the terrible events that took place with mt gox.

Such an incredibly uninformed, naive, silly comment. MtGox is forever engraved in the history of BTC and the whole ongoing and unresolved mess there, along with the loss of half a billion dollars, is one of the factors that negatively affect bitcoin and will haunt it for a long time if not resolved properly.

For all the others, including 127,000 affected depositors who may actually have an interest, consider watching this informative video: http://www.reddit.com/r/Bitcoin/comments/24443x/live_google_hangout_mtgoxrehabcom_vs_liquidation/
hero member
Activity: 882
Merit: 500
April 28, 2014, 03:49:58 AM
#4
Hey guys!

I'm on the SaveGox team. If you guys have questions for the team, please post them.

I'm opening this thread because Goat closed the other one.

Thanks,

-Jon

I am surprised that there is a save gox team. Most people in the BTC community would like gox to be forever wiped away from our history without reminders of the terrible events that took place with mt gox.
newbie
Activity: 26
Merit: 0
April 28, 2014, 03:47:44 AM
#3
Do creditors get either a 20% of the 200K coins or a share of the new exchange or both?
How many years to recover the full 100%?
What happens after a creditor has recovered 100%? Does he continue to receive earnings from the exchange?
sr. member
Activity: 274
Merit: 250
April 28, 2014, 03:03:36 AM
#2
Hey guys!

I'm on the SaveGox team. If you guys have questions for the team, please post them.

I'm opening this thread because Goat closed the other one.

Thanks,

-Jon

Will your investment provide enough injection to cover the negative balance of lost deposits if there is one?

If not, then I have a second question.

How will the new exchange offer complete transparency to its books and balances?
full member
Activity: 169
Merit: 101
Jon Holmquist
April 27, 2014, 10:42:49 PM
#1
Hey guys!

I'm on the SaveGox team. If you guys have questions for the team, please post them.

I'm opening this thread because Goat closed the other one.

Thanks,

-Jon
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