I have a speculation: This has been an ongoing issue for some time now. Kerpeles was hoping to solve the problem before it became known widely, and if lucky be

I have a speculation: This has been an ongoing issue for some time now. Kerpeles was hoping to solve the problem before it became known widely, and if lucky be able to continue operation as a fractional reserve (unbeknownst to MtGox clients). We could be really charitable to him and assume that he intended to eventually repay the missing BTC from the proceeds of MtGox. At some point, that became an impossibility, but Kerpeles clung to the belief that he could rectify the situation. Kerpeles didn't communicate succinctly with people outside his organization because that would risk alerting outsiders to the extent of the problem and cause a "run on the bank". >I wonder when precisely they realized that >700,000btc were missing. Stating the obvious, but it didn't occur all at once. If my speculation bears any resemblance to reality, it would be interesting to know when MtGox' solvency tipped past any chance of recovery, and how long Kerpeles has known that to be the case. I'm thinking that a year or more may have passed.