That's not my understanding. My understanding is that there were, in effect, two deadlines for dime holders. Feb 29, 2012 and Feb 2013.
You have one year to opt in to get your share of the cash settlement. This was the cash payout that can also be converted into newco stock. This was the $8M in cash less legal fees. You still have basically one year to opt in for that.
The deadline last month was to also receive the stock portion of the newco if you opted in and gave releases, etc. That was for the other class settlement. If you failed to opt in by Feb 29th, and no, that deadline was NOT extended like the other classes, you won't get that portion of the settlement. This was the 8.77% of 30% calculation.
(Sorry, I don't have the class numbers or calculations in front of me at the moment so the above figures are just from memory, which are undoubtedly off. But those who've followed the case will understand what I'm referring to.)
Chin up boys and girls. We still have until April 16 to get a stay on appeal. But that window is closing fast.
And no, I'm NOT saying all hope is lost if there's no stay by April 16th. I'm NOT saying that at all. I'm just saying the likelihood for a big settlement, in the range of $3/warrant instead of pennies, gets exponentially smaller after April 16th.
GLTA
