Quote from: ninjarobot on October 17, 2013, 04:27:18 AM

Quote from: osmosis on October 16, 2013, 06:07:15 AM

We could also draft letters to both Gox and the Liquidator, asking for an official response from each of them on what they are waiting for to move forward, as we are blind right now to what the hold up is. We could get these letters posted on the blogs to get some publicity.

I wrote the following to the liquidator on Sept 17:

Quote

Hi Anne,

In the second report you alluded to the possibility of legal action against MtGox in order to gain access to the Bitcoinica funds stored there.

1) Has there been any progress in this area? If so, how can the creditors help?

2) Is there a date for when to expect the 3rd report?

3) Does PKFCR have a fiduciary duty towards the Bitcoinica creditors?

4) Is PKFCR aware of the fact that DHS has seized 5M of MtGox's customer deposits and that Coinlab is witholding another 5M of customer deposits? MtGox is a huge counter party risk for Bitcoinica creditors given their current situation.

Bitcoinica is a small company, I was hoping that the liquidation could be a more swift affair in the interest of the creditors.

On Oct 10 I finally got a reply which I can't share here because it comes with a lot of legal boiler plate but instead of answers I got a brief statement that every time they write an email it adds costs to the liquidation, which will affect the distribution to creditors. (... I wonder how much they will charge for that?)

So you better keep your mouth shut and every 6 month you can expect another scrap of information in the shape of a liquidator report detailing 0 progress. Oh and another 50.000 USD please for our service. Suffice it to say that the Bitcoinica debacle has been a real education for me. Faith in humanity has dropped a few notches.

Agreed. That's why I think if PC and Ver can reach an agreement soon it would all be in our best interests. Not to mention Mt Cox holding our coins.

Otherwise, I am sure these people would face much more of a shit storm if the general public finds out about how this has been handled (in the form of further litigation) - some of these people are "influential" in the BTC community. Why would anyone trust anything to someone in the past that has acted not in the best interest of the creditors involved?

All I know, and I don't know much, is that Amir seems to be forthright with what he has been saying. I mean.. then you get pictures of letters sent by random people containing fortune cookies..derp..what is going on here? jesus