Quote from: notabtcnuub on May 05, 2015, 03:14:43 PM

To get the $3M from insurance, it looks like it will take $500K to litigate. Any ideas where this money is coming from if they can't even pay the current legal bills? Is there enough money left to go after Cypherdoc?

Quote from: pmorici on May 05, 2015, 01:28:03 AM

Quote from: notabtcnuub on May 04, 2015, 09:05:04 PM

So does it matter whether this proposal gets approved or not?

Yes you should vote for the plan, it matters. If you go read the proposal you will see a listing of estimated recoveries they expect to get that total several million dollars on top of the cash they have on hand right now. The company had a 3 million dollar insurance policy for example. They are also in the process of suing Cypherdoc to recover 3000 BTC plus a few other things.

For starters a some of the work as already been done (ie: the lawsuit against CypherDoc was filed a while ago) and is included in the legal costs that have already been incurred. They could also make a contingency deal with what ever lawyer they hire to see this though. In other words they only get paid if they win.