I emailed Lillian Lee, at Robb Evans & Associates to see where things are at as we get close to the end of April. It looks like we are still on track for them to recommend distribution of our funds to the court at the end of May. Here is her reply...
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It is still the Receiver's intention to file the motion re: distributions by the end of May. Based on the information gathered from Interbank and Forex Asia, the Receiver is clear about its position and is in the process of preparing the motion/ the next report. We are also tracing additional assets based on additional information subpoenaed. The details will be discussed in the next report.
Regards,
Lillian Lee
Deputy to the Receiver
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It is still the Receiver's intention to file the motion re: distributions by the end of May. Based on the information gathered from Interbank and Forex Asia, the Receiver is clear about its position and is in the process of preparing the motion/ the next report. We are also tracing additional assets based on additional information subpoenaed. The details will be discussed in the next report.
Regards,
Lillian Lee
Deputy to the Receiver