Fund.com Inc (FNDM)

[TRUMPSTER!]

Do you understand what's going on? Please read the filings. Essentially, the creditors are going to get screwed if they file a claim. The claim has to be filed by today. Thomas will dispute and win the claims if there are any even filed. What's real is the settlement from AdvisorShares who settled with Fund back in October of 2015. The settlement is in the millions plus any damages that may be claimed by Thomas.

What's also real is a distribution to shareholders. How much per share is anyone's guess. The lawyers will not receive a big percentage. You can read approximately how much they will receive in the filings. The shareholders will be rewarded.

http://www.fndmreceivership.com


NEW YORK--(BUSINESS WIRE)--Thomas Braziel, as the receiver of Fund.com Inc., announced that the Delaware Chancery Court entered an order establishing April 14, 2017 as the deadline for creditors of Fund.com Inc. to file claims in the company’s receivership proceeding, B.E. Capital Management Fund LP v. Fund.com Inc., Civil Action No. 12843-VCL.

Pursuant to the order, in order for creditors of Fund.com Inc. to be eligible to receive a distribution from the receivership estate, they must file a claim by April 14, 2017 and serve a copy of the same on the receiver’s counsel (contact information below) so that it is received by such date.

Claims must comply with the requirements set forth in Delaware Chancery Court Rule 154, and further, must identify the receivership proceeding name and civil action number (set forth above).

Creditors represented by Delaware counsel may file claims electronically by filing a copy of the same on the receivership proceeding docket. Creditors not represented by Delaware counsel may file claims by mailing the same to the Office of the Register in Chancery at the following address: Office of the Register in Chancery, Court of Chancery, 500 North King Street, Wilmington, Delaware 19801. Claims filed by mail must be accompanied by a $2/page fee charged by the Office of the Register in Chancery for scanning hard copy documents for docketing.

Failure by a creditor of Fund.com Inc. to file a claim by April 14, 2017 will result in its not being treated as a creditor by the receiver and its being barred from participating in the distribution of company assets.

Copies of the order, and other important court filings in the receivership proceeding, can be viewed at http://fndmreceivership.com. Questions concerning the foregoing should be directed to the receiver’s counsel.

Contacts
Receiver of Fund.com Inc.
Thomas Braziel, [phone]
[e-mail]
or
Counsel for the Receiver
Jeffrey Chubak, [phone]
[e-mail]