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Well nobody that I know of has received funds yet. I was one of the early ones, finishing on 12/8. I would say a good estimate for you would be two weeks after the first round gets their funds. That’s just a guess on my part.
Hopefully it doesn’t take until late January for you to receive funds. You are only two weeks behind the first finishers, which are expected to see their funds this week.
Yeah, I see it too. 221,800 from Nite and 72,000 ETRF. And some ask smacking. Maybe somebody got money. I know it wasn’t me.
But he also said he was submitting a request for funding to the escrow agent on 12/10. How do we know what to believe?
lahostockbuyback@gmail.com . But I’ve emailed him since his response on 12/9 to see if I could get an update on funds and to let him know that I didn’t receive funds last week as he expected. He hasn’t responded back to that email yet.
He answered my email on 12/9 and said this:
“We submit the request for funding to our escrow agent once per week. I will be doing so tomorrow and you will be one of the first to get their funds. I expect you should see it next week sometime.
Thank you for your patience.
Peter”
No funds received yet.
Timing:
Matched and completed 12/8
Email response from LFA Peter 12/9
We submit the request for funding to our escrow agent once per week. I will be doing so tomorrow and you will be one of the first to get their funds. I expect you should see it next week sometime.
Thank you for your patience.
Peter
We are all watching our accounts like hawks for confirmation of payouts.
Fees are estimated at around $250 plus whatever it costs you to get the medallion stamp/e signature. Nobody I know of has received funds yet. I am supposed to be one of the firsts and will keep everyone posted.
Yep, no funds yet on my end either. 12/8 matched and completed and was told by LFA that he was requesting funding to the escrow agent on 12/10 and I would be one of the first to get funds. I will be on close lookout this week. I’ll keep everyone posted.
Also received signed and completed docs. I’m on lookout for funds this week. Updates to follow.
From the feedback I got from Peter, he submits a list to the escrow agent once a week (Friday) and then the escrow agent preps to release the wire for the end of the following week. The question is for those who finished on the 9th (a Thursday), did VStock send the completed list over to Peter before he put together (Friday 12/11) escrow release list? Or was it after the fact? If it was the latter, you would think Peter submitted the 2nd batch list today.
Joeylynn and I were the first that I know with a completion of December 8th. Please let me know if anyone finished earlier than this. Next week will be very telling.
Absolutely a positive thought. I’d be thrilled with tomorrow, Monday, or even Tuesday. I’ve sent an email to see if the wire did indeed go out today. I’m still waiting on a response.
No funds this week. I was told I was in the 1st batch and the wire was to be released by the end of this week. Has anyone received funds?
Have you returned your shares to VStock? Email them to verify? Email Peter to see if he got confirmation that shares have been returned? Other than the shares have been matched and completed email from VStock, all other emails I received were in response to me reaching out.
If Peter sent over 1st batch list to escrow on 12/10. Being matched and completed on 12/9 would be cutting it close to be receiving 1st batch funds. VStock would have had to get the matched and completed list over to Peter before 12/10. Hoping the best for all of us. These are just my thoughts based on what I’ve been told. Anything is possible at this point.
I was also matched and completed on 12/8. Then I emailed Peter on 12/9 and he responded with, “We submit the request for funding to our escrow agent once per week. I will be doing so tomorrow and you will be one of the first to get their funds. I expect you should see it next week sometime.” I was also told by Lans that I was in the 1st batch. The funds are not in my account. I will continue to update.
Thanks. I agree and really hope we are right in that. I would love for all of us to move forward with MSSV in a positive way!
Nothing wrong with being prepared. I’m just really hoping they follow through. It’s been a long 2 1/2 years.
Yeah, let’s hope so. I’m already getting sick to my stomach.
We are at the point of wiring funds. Wiring funds is done all day, every business day. Once completed, the escrow agent should have your escrow wiring information form with the money amount to be wired. It shouldn’t be that difficult. The hard part that has never been done before, has been vetted and worked through. The wire should not be an issue.
Exactly. 100% agree
Sending the wrong payment would be a pretty bad screw up.
They have been setting this up since June. Sending the wire should be routine for the escrow agent. There shouldn’t be any excuses for not being able to wire the funds.
Thanks. Some are at five business days, so payment should be being released for the early finishers.
Again the information I received on last Thursday night was, “We submit the request for funding to our escrow agent once per week. I will be doing so tomorrow and you will be one of the first to get their funds. I expect you should see it next week sometime.”
The Escrow Agent is listed in Article 1.2 of the agreement.
The company is to instruct the escrow agent to deliver the payment to the shareholder by ach or wire transfer in no more than five (5) business days from the effective date.
The company supposedly instructed the payment delivery of early finishers last Friday, so we are at five business days for some.
Yep, same day, right around the same time. Fingers crossed
Yeah, I hope so too. I will be updating the group as well!
Agreed. Hoping the best for all those working through this payout, folks invested in MSSV/GSCG, and future holders/investors of MSSV/GSCG. Let’s get these payouts rolling and we can all look forward to what the future holds here.
I’m holding back my excitement for confirmation of money in my account. If all goes as planned, at that point, I will let you know how excited I am and will be adding shares of MSSV.
It’s been a long 2 1/2 years. I can’t hope any harder that they come through on this. Money in my account is my confirmation.
Response email from Lans Financial Administrator (LFA).
I will be watching my account intently. Absolutely, hoping the best for all. I was just posting my bases on potential timing.
It would be. I posted about potential timing in a prior post. I was just posting my reasoning for that timing. I was one of the first to have everything completed, so it could be different for folks who completed everything after me. We will find out soon enough.
I was expecting it this week because I received this email on Thursday night.
“We submit the request for funding to our escrow agent once per week. I will be doing so tomorrow and you will be one of the first to get their funds. I expect you should see it next week sometime.”
I had everything completed last Wednesday.
VStock needs the original with the medallion stamp.
Correct. Or another form of proof of ownership, but your statement is a safe bet. That is what I used.
I am expecting funds by eod Friday, but I could be wrong. This is assuming Lans Financial Administrator sent over the list for the first batch to escrow for the wire to be released. This is how I understand it, VStock notifies Lans Financial Administrator when shares have been canceled from a shareholder’s account, Lans Financial Administrator notifies escrow to release the wire (once a week/Friday), escrow sends out the wire by the end of the following week.