Interesting, seems to make a little sense, especially since I think the full amount will be paid out to Piers (eventually).
No I didn't receive, although I just moved so not sure how to update my address with KCC, I hadn't thought about it being separate from my broker.
I presume though that most of these smaller claimants would receive cash and not Notes, but not sure (and I guess the overall amount is pretty small so probably easy to do). Pay $89K to save $1-200K, no brainer. I hope no one objects, may cost more to have a court hearing than to pay.
This post is my own opinion, and should not be relied on for your investment decisions.