American Scientific Resources (ASFX)

[Streett]

I can't remember if you guys saw this post from the court...

Major Activities affecting case closing:
$307,460.00
$560,214.95
$560,214.95
Gross Value of Remaining Assets $0.00
04/27/2017
05/01/2016 04/27/2015
The Trustee just resolved all claims objections in this case and all final fee applications have now been filed. The Trustee is in the process of preparing the TFR which should be filed within the next 60 days.
Claims: All claims have been resolved.
A final tax return has been filed.
The only matter pending in this case is the resolution of the claims. Objections were filed and many of the objections were resolved. However, there are still several claims objections pending resolution. The remaining objections have a deadline of May 11, 2016.
All assets in this case have been fully administered. The only remaining matter is the resolution of the claims. Many of the claims are from investors and there are complex issues over the interest calculations and whether the notes violate NY Usury laws. An initial analysis was completed by the accountants for the Trustee. Counsel is completing a review of the claims and will file all appropriate objections.