Just to confirm, if I missed phase 1 of redemption, I can't do anything for phase 2?
Important announcement- In an effort to further encourage stakeholder registration, the redemption deadline is extended to last until 29 November(30 November, 00:00 GMT).
- Due to important improvements, bug fixes, extended testing and necessity of miltisig, official launch has been rescheduled for December.
- After some serious reconsideration, penalties for after launch redemption have been dropped. The redemption period will also be cut down to 2 months instead of 3.
- Starting as of Sunday we will make a series of important announcements about great things we have been preparing for NEM.
Stay tuned. 
You wait until after launch then make your redemption before 2 months expire after launch. See 3rd. point above. Not so clear, but that's what it means. Other than that, please sit tight and wait.
