Quote from: Imerman2 on April 24, 2014, 03:22:21 PM

Quote from: dreamspark on April 24, 2014, 10:00:56 AM

So then it is confirmed that Gox' coins will be liquidated and no BTC balances returned to the users.

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf

What effect will this have on the market?

It said the company is liquidating, meaning it will lose all its assets, but I cannot find anywhere that it says it is liquidating its Bitcoins into fiat, it even contains questions regarding the release of Bitcoins to customers. One of us is misreading this and I read it twice (though it is boring and I may have missed something). All it seems to say is Mt. Gox as a company will not come back, it may be bought out by the proper buyer although they think finding such a buyer will be difficult, and the balances shown on the website only reflect the Bitcoin balances before the alleged hack the real balances are unknown.

Am I missing something, it seems there is zero evidence of this claim, yet people are still discussing it. What gives?

Could you direct me to the part of the doc that discusses releasing Bitcoins to customers? The closest thing to that in the doc is that liquidity distribution will take place IF funds are secured. In other words after all is said and done there's still a chance that creditors get nothing back.

Plus is says that the bankruptcy trustee will consider distribution.

Liquidating Distribution:

Q. Will there be any liquidating distributionto the creditors? How will it be conducted?

A. The bankruptcy trustee will consider these matters as the bankruptcy proceedings progress.

While I agree saying that they were definately liquidating coins was hasty (This was posted after just the first read through) the discussion has moved more from will or won't they liquidate them to how would this affect the market.

This is the most ambiguous part though

Q. Please return the bitcoins and cash that I deposited with the Company.

A. We will make the liquidating distribution to the bankruptcy claims if funds for distribution are secured. With regard to the liquidating distribution under the bankruptcy proceedings,please see below.

Why would they say if funds are secured? They know that the company has BTC secured so why no mention of this?