As alluded to elsewhere, Wendon Group's petition to the New Zealand High Court to commence formal liquidation was approved on Nov 1. This comes after significant effort and legal expense for which Wendon Group has donated 100% of the cost.

The court appointed the principals of PKF Corporate Recovery & Insolvency to administer the liquidation. It will be their job to return funds to customers to the full extend possible. They will require the cooperation of MtGox and Bitcoinica's managing partners to accomplish this.

My expectation is that the liquidator will reclaim all records and assets, including the Bitconica.com domain name held by Mr. Strateman and make further updates available there.

Among Bitcoinica's managing partners, Patrick Stratemen has been the least uncooperative. As he makes good on his promise to assist the liquidator, please extend him the degree of respect he deserves.