Moatable Inc ADR (MTBLY)

[Chrysanthemis]

Still trying to assess the value of the settlement. Two more intriguing jigsaws:

1. The ADS, both according to the settlement text and this SEC filing, currently represent 45 shares of ordinary Renren shares, not 15.

http://edgar.secdatabase.com/1952/110465919071845/filing-main.htm

The amount to be paid into the settlement fund is around 38.7 USD per ADS and around 0.86 USD per ordinary A share.

The ADS and ordinary shares held by defendants do not count and they are not entitled to any part of the payout.

2. The settlement contains provisions for a situation when Duff&Phelps will not pay, in which case the minimum 300 MUSD amount will be reduced to 288.5 MUSD.