Great to hear that we are on our way to a refund and compliments on following this through.
Just a point of clarification, I paid R1 with USD and R2 +upgrades with BTC, as some others did.

The R1 invoice was billed using BTC so theoretically  we would be refunded the BTC value paid in Aug. 2013.
The R2 round was paid in USD but as I remember we paid the upgrade in BTC or am I wrong?

This can lead to a confusing situation 

We agreed to buy out the original R2 buyer in FIAT and we were billed in USD by HF so there is nothing we can do about that but R1 IMO should be paid out in the form we receive the refund - legal costs and escrow of course.

We invested in the co-op not the equipment. The co-op has done well, in part due to the original investors returning investment. That said we all knew this was a risk from the start and thats just part of the mining game.

Maybe the fairest way to do this would be to take all the HF batch 1 orders put them together and divide the total - costs and pay out the total divided per share purchased. I would love to get as much as I can out of any refund but we all got fooled by HF collectively. I would not mind getting a bit less back knowing that we all got compensated by HF..
 
This is by no means a critique but a suggestion I propose to DZ co-op members who invested in HashFast equipment.

Any ideas on this?