OWC Pharmaceutical Research Corp (OWCP)

[HomerBedloe]

FWIW, I called the administrator last week to make sure my W9 was received and recorded. I asked if there would be notification of the amount awarded to each individual claimant; she said, no - we would likely just receive a check in the mail IF we qualified for a claim. She did not give any info re: the percentage of pennies on the dollar any legitimate claim would get paid. Also, no timeline given as to when the payout might actually happen.

I'm surprised no pool has been started here to guess the recovery percent that will ultimately get paid to claimants (after attorney and other costs are paid from the pool). I suspect in will be in the single digits - I'd guess $.03 or $.04 at most. Probably enough for a nice meal, as long as you don't mind Mickey D's.

At the same time, I believe the attorneys will make at least 25% to 33% of the total pool (roughly $1 - 1.3 million). It's a shame that those fees don't come out of a separate JF pool, so the investors might actually get back a little more of the lost money.