What do you guys think about this:
If the 200k BTC are liquidated, the funds raised will be distributed to the creditors (who a primarily Gox depositors). These are the same people who just lost 750k BTC. Would you expect some of these people to re-purchase bitcoins once they receive their share of the fiat [which ironically was raised by selling their bitcoins in the first place lol] thereby increasing demand?
To me, the direction of the anticipated price movement is not clear.
From what I have heard. Mt Gox had outstanding debts (most of it to the Japanese banks) to the tune of $60 million. Any proceeds from the auction of the
BTC200,000 will be first used to pay-off that debt. Only the remaining portion will be used to compensate the users who lost their coins.
I think you need to check your facts. Their 6.5 billion yen in liabilities are primarily from the fiat balances of their depositors; these liabilities are offset by their 3.8 billion yen in assets.
On February 28, 2014, Mt Gox filed for bankruptcy protection in Tokyo, reporting 6.5 billion yen in liabilities, 3.8 billion yen in assets, and 750,000 of customer bitcoins missing.
^ they're actually 200 kBTC richer now too.