Quote from: His Most Eminent Highness Grand Caesar Imperator Goat on April 17, 2014, 03:58:19 PM

This was posted on cryptocrypt.org but is important enough for the community to know about it so John gave me his permission to repost it here.

Quote

Hi everyone, my name is John Betts, and I am leading the proposed rehabilitation effort for Mt Gox, and Goat asked me to post here and communicate with you.

In short - we want to take over management of the company from Mark, so that we can handle the Civil Rehabilitation proceedings, distribute customers the assets currently under the control of the Supervisor, and rebuild the exchange.

We also have plans to lead asset recovery efforts, and to give customers participation in the new exchange through a combination of equity interest and revenue share.

I would like to begin a dialogue with you, to introduce myself, our syndicate, and what a rehabilitation plan might look like, and to seek your support to convince the Supervisor not go down the liquidation route that will further hurt customers, and to support our effort lead the civil rehabilitation proceeding, which we will pursue with your collaboration.

Right now, we are working with the Supervisor to convince them bankruptcy only protects Mark, and would be detrimental to creditors.

Hopefully you share our concern about liquidation vs. rehabilitation.

If you have any questions, please do not hesitate to reach out.

We are in the process of preparing more detail around our proposal, and I will share that with you as we release it.

Best regards,
JB

They have a site set up at savegox.com

I'm not sure this will work but I like the idea of it. Getting rid of Mark and having a professional audit by people who care about BTC seems like a better path than what is on offer. Anyway open to your ideas and feedback.

-Goat-

...and to seek your support to convince the Supervisor not go down the liquidation route that will further hurt customers.
The decision to liquidate has already been made by the court.

Simple yes or no:
It is already too late to change the most recent court "decision", correct?