IPOWorld (fka IPOW)

[Optimistically]

I have no idea how these things shake out. To read the deposition seems to address just 28 investors, I suspect those being investors in the My Big Coin Pay "stock" offering. Then there are those who bought coin ie My Big Coin and I have no idea what that distribution might be. I recall seeing promotional offerings for a free coin if you jumped through certain hoops; I heard some were distributed in a charitable fashion and of course there are those who simply bought coin. The Worldcom fiasco came unglued around 2002 and it's still being settled. This isn't nearly that size but either way as things stand right now the unsealed deposition suggests that they have a window to come up with a plan to pay back $6 million. It won't surprise me if the government subcontracts this to a legal entity to pursue simply because of their own staffing limitations. Of course then there's the lawyers overhead and at the end of the day... pennies on the dollar remain. I wouldn't worry about sitting by the phone.