Quote from: calligrapher on October 14, 2024, 02:39:27 PM

Quote from: ltcrstrbrt on October 12, 2024, 10:45:07 PM

Quote from: calligrapher on October 09, 2024, 04:29:18 PM

Quote from: calligrapher on October 09, 2024, 01:18:19 PM

As stated above, the fund is not 1.5m, it is 10.4m.

I asked about this and got this e-mail from them:

"Communication will be sent prior to distribution with the exact amount you are to receive. If the Net Available Fair Fund is less than the sum of the Recognized Losses of all Eligible Claimants, each Eligible Claimant’s distribution amount will equal his, her or its “Pro Rata Percent” of the Net Available Fair Fund."

We can expect to get between 40 and 100 percent ... anyway, there are many variables including the final number of claimants, ( eligible claimants), most probably, only kyc accounts got these notices and many of them, not responded back or missed the deadline which was 31/10/2023.

So we may get %150 as well. We don't know what will be the final amount.

Not really.... but:

"Allocation of Funds: If the Net Available Fair Fund, as defined in the Plan, is equal to or exceeds the sum of Recognized Losses of all Eligible Claimants, each Eligible Claimant’s distribution amount will equal his, her or its Recognized Loss, plus “Reasonable Interest” if applicable. If the Net Available Fair Fund is less than the sum of the Recognized Losses of all Eligible Claimants, each Eligible Claimant’s distribution amount will equal his, her or its “Pro Rata Percent” of the Net Available Fair Fund (and no Reasonable Interest). In either case, the distribution amount will be subject to the “Minimum Distribution Amount.” Reasonable Interest: If the Net Available Fair Fund exceeds that necessary to pay all Eligible Claimants his, her, or its Recognized Losses, the Fund Administrator, in consultation with the Commission staff, may include reasonable interest in the distribution amount to compensate Eligible Claimants for the time value of his, her, or its respective Recognized Losses. Reasonable Interest will be calculated using the Short-term Applicable Federal Rate plus three percent (3%), compounded quarterly from the end of the Relevant Period through the approximate date of the disbursement of the funds. If there are insufficient funds to pay Reasonable Interest in full to all Eligible Claimants, each Eligible Claimant’s Reasonable Interest amount will be his, her or its Pro Rata Percent of the excess funds. "

So it's about Short-term Applicable Federal Rate plus three percent (3%)