Quote from: Gotgoxed on May 03, 2014, 12:34:46 AM

Quote from: renfr on May 03, 2014, 12:11:30 AM

Quote from: JonHolmquist on May 02, 2014, 06:30:09 PM

Quote from: janos666 on April 30, 2014, 12:05:23 PM

Was there any information released regarding how Sunlot would convert the BTC balances into equity stakes?
For obvious reasons, I had only BTC left inside Gox. But for the same reason, those don't worth much if you count their ~100 $/BTC closing price.

We're using a $500 per coin basis.

Cheers,

When the plan sails on and recovery is underway the price will easily shoot up back to $1000.
Very bad idea IMO

I don't get the idea of the equity stakes! Please explain!

Step 1: Audit. Figure out who is owed what and if there are any fake (or invalid) accounts in the database.
Step 2: Everyone gets equity on a pro rata basis. If you owned 1% of the money that went missing, you'd get 1% of the 16.5% going to creditors.
Step 3: Everyone is free to withdraw their funds after the audit is done.