For people who are interested in how the 100% fiat settlement is calculated, here's a worked example:
Deposit 10 BTC on Sep 29th, considered $1430 deposited
Withdraw 1 BTC on Oct 2nd, considered $127 withdrawn
Deposit 1 BTC on Oct 16th, considered $154 deposited
Added together: 1430-127+154=$1457
The $1457 figure would be your re-denominated balance if you choose to accept, which is ~100% of the fiat value. Payment would be made in BTC using the latest MtGox ask.
UpdateThe situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):
https://bitcointalk.org/index.php?action=profile;u=70557https://bitcointalk.org/index.php?action=profile;u=17548https://bitcointalk.org/index.php?action=profile;u=70541https://bitcointalk.org/index.php?action=profile;u=35121(Borrowers can deposit to CL via BTC address).
Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.
The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a
significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).
I cannot find any communication from TradeFortressI have not borrowed anything from coinlenders
TradeFortress or coinlenders may have purchased graet.loan on bitfunder - but I do not have a list of holders.
as explained in the graet.loan thread I was able to redeem graet.loan when only 1 ort 2 people at at time asked. Since the changes at BitFunder I have been flooded with requests and am unable to fulfill them all.
People that did due diligence know the aim of graet.loan was to be mainly repaid by mid 2014 - I am making arrangements to be able to continue with that goal in mind after bitfunder closes
Is this not your email?
graet@ozco.in