Until TF proves otherwise, we should assume he has assets to pay us all back 100% of our BTC and anything less is theft. The burden of proof should be on him as legal proceedings and investigations move forward. He's in a lot more trouble than being incompetent, securities and banking fraud is very serious.
Sections 80A through 87.
http://www.austlii.edu.au/au/legis/vic/consol_act/ca195882/+1 If you are a relatively small investor (less than 50 btc), unless you are desperate for funds I would strongly resist the urge to settle for a 80-90% haircut.
TF, you have not replied to either of my emails. I would repeat a question asked above. Could you please tell your investors what alternatives there are to settling for a steep haircut now? Can we expect to get a larger percentage if we wait awhile as loans are repaid?