Quote from: bitcoinvest on November 20, 2017, 09:10:29 AM

if in any case you missed https://www.reddit.com/r/mtgoxinsolvency/comments/7dyr74/re_inquiries_about_mtgox_disbursements_and/?utm_content=title&utm_medium=hot&utm_source=reddit&utm_name=mtgoxinsolvency

Kraken CEO wrote some interesting thoughts and Mark also replied and Andy also from Mtgoxlegal.com

Thanks for sharing bitcoinvest !

It's been quite a long time I didn't pay attention to the slow paced resolution of the mtgox mess.
The movie will get some more scenes and twists...

Glad to see Jesse Powell's position and reflexions.

It's really interesting to learn about this "buy the 200K bitcoin for 2500$/coin" offer - proposed to the shareholders.
I'm trying not to be too upset or ironic, but can someone correct me in my summary ?

- Japanese law and the bitcoin's status at resolution time made the trustee set a Yen designated value for each claim.
- the rate as been set around 400$/btc and isn't reevaluted
- there is a certain amount of yen which is considered to be suffisant to repay fully the creditors
- any additionnal gains (btc price increase and bch/btg forks) occured since the claims are considered to be the shareholders' property

Quote from: bitcoinvest on November 20, 2017, 09:10:29 AM

What are your thoughts?

I could understand kobayashi's move to get as much money he can so he can fullfill its mission to distribute a better percentage - "let's sell the BTC and then easier to give the real money back".
But why this offer would profit and would be proposed to shareholders ? why not to claimants ? why not an auction to the highest bidder ?
I assume the vast majority of the dollars/euros/yen/btc were coming from the creditors who deposited, so how is that possible to "sell" this property to some other parties ?

I'm asking a lot of questions, but to me here is the main one :
- if the surplus isn't distributed to the victims, where will it flows, who will get it ?

Mark Karpeles, who was in charge, responsible, declared the bankrupcy ? That would be a terrible jurisprudence.
The Japanese state ?

PS : I'm a creditor, with a validated claim, asked for "btc repay" when prompted by the trustee.