[Edited out]
Yeah that's not how company valuation works. Right now their balance sheet is in red by ~$120MM (meaning they have $120MM more in liabilities more than assets)
Also if you think this "incident" will have no effect on their market share (their daily volume) or their "goodwill" you're delusional
I think that you meant to say $72 million. The concession seems to be that Bitfinex lost around 120k Bitcoin, which was valued around $72 million.
there balance sheet is not in the red, with the haircut
and tokens they should balance just fine. no?
I think that you are correct, that the amount of the bail out by the customer base was designed to keep them more or less in the same position that they were prior to the 120k loss..... but certainly, we do not know the whole picture. Bitfinex has disclosed whatever they have disclosed, and they also said that they are going to provide more specifics in the future - but they have not promised to disclose everything, including disclosing their whole balance sheets or other financial information (operating costs and trading income).. We can guess and infer, but I think that we have to continue to take whatever they say with a grain of salt, even when it sounds pretty plausible and even when it sounds like a fairly decent plan to go forward.
right transparency will be required going forward
if they can show us some reports and prove they do infact own X amount of bitcoin
this will make there BFX tokens worth somthing.
investors are not going to touch these tokens without knowing some specific details about the company. ( i wouldn't...)
but this is basic shit, i dont see why bitfinex would not provide that, altho it is understandable that they do not offer this "report" at this time.
I imagine they are working like mad fools to get their system secured and ready for full operations again.
I assume they will deliver there "report" at the same time that they tell us what the deal with the BFX tokens will be.