Registered: Jun 2008
11-22-12 09:26 PM
Quote from luckyluciano:
Bit off topic. I Just received a cheque for 30% of my account prior to liquidation.
I recently got the 30% distribution also.
Note you need to submit a separate proof of claim by Dec. 15 (if not already submitted) to be eligible for further distributions.
However, the initial distribution was calculated at 30% of the account value *after* liquidation. I think it should be calculated as 30% of the value of the account *before* liquidation.
In other words, it looks as if they used market orders to liquidate and got unfavorable fills in my case, or waited too long to liquidate.
I am putting this on the proof of claim form.