Everyone, please note that no "new rules" have actually been proclaimed - since the UOIP legal action is derivative, my understanding is that any favorable decision to shareholders results in any monies recovered be paid to UOIP.
Since UOIP currently has no director or board, the court would likely appoint a custodian with fiduciary responsibility operating under the supervision of the court...in my understanding, "the court" means the judge that hands down the decision. Where, to whom and how the monies awarded to UOIP would be distributed would be decided by the custodian and approved by the court.
Someone hypothesized an outcome in which the custodian MIGHT, and I want to stress MIGHT, allocate funds to shareholders based on participation vs. non-participation in contributing to the shareholder legal actions and that conjecture, that HYPOTHESIS was taken as a proclamation by some not for what it was, which was conjecture. Or, if you prefer, an hypothesis.
At this point, no one knows what the outcome will be - or if we will even prevail. I BELIEVE we will, though, and KNOW that only through aggressive, active legal action that we may prevail, and that action costs money and I choose to contribute to the extent of my ability.
