I feel like refunding the people who lost their money will cause the 2nd round to end much more quickly.  Are you intending on refunding 100% of what was lost or just a portion, I know you think refunding the money will make those people deposit again but think about the people who did not lose money who now do not want to deposit because you are refunding other peoples money with their money causing the program to inevitably end quicker.  Does the positive effects outweigh the negative by doing this ?