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Friday, April 10, 2020 11:21:37 PM
What if the trustees of the remote bk assets file a notice of "abandonment of assets" in some obscure newpaper (maybe following some minimal legal disclosure requirement), and retail is not aware of this, and we fail to mail in some 'claim form' in time for those remote bk assets?
Then in such a case, the big boys will end up with a bigger share of the pie.
I still suspect that since the remote bk assets are not under the jurisdiction of the bk court or LT, they are not legally required to disclose instructions on how to go after them after the bk closes.
We may need legal representation to navigate the administrative waters at this point. I dont mean we need attorneys to fight very expensive lawsuits. I think we simply need legal representation to file the right claim forms to go after the remote bk assets.
Owning the escrow tracking markers is not enough. In fact, I believe Rosen hinted that in the LT Q&A -- "the tracking markers in itself do not entitle further returns"
I think he is hinting that we may need to file some sort of claim to go after the remote bk assets....of course this is probably known to the big boys -- that's why they have been so quiet. The less retail makes claim to those assets, the bigger the pie for them.
Do you need donations from the board to lead an investigation into this matter with SG?
Thanks
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