The Receiver recently received a favorable response to a mailing that went out to approximately 450 investors that had not submitted claims. There are about 200 investors that still have not responded by either filing a claim or requesting forms. The Receiver is currently trying to reach those investors. Additionally, his staff is working on processing a relatively small number of remaining pending claims.
Periodically, the Receiver seeks approval from the Court to allow subsequent initial partial distributions to investors as additional claims continue to be confirmed. Currently the Receiver is waiting for the Court to approve a Motion that will allow distribution to about 130 investors. Checks will be issued as soon as possible after receiving such approval from the Court.
If you still have not received a check, and have questions about the status of your claim, please contact us at (405) 607-2722 or you can send an email inquiry to email@example.com.
Once all submitted claims have been approved, and remaining claims issues resolved, the Receiver will seek approval from the Court for a subsequent distribution of sale proceeds. The Receiver anticipates this distribution will occur sometime later in 2007, however the exact timing and the amount cannot be estimated or guaranteed at this time.