Notice of Implementation Date

The S.E.C. has withdrawn its claims in the Bankruptcy Cases and otherwise consented to the Settlement Agreement.   A copy of the Notice of Settlement Implementation Date is attached below.   Within five days the Trustee will begin to serve Optional Releases on investors via U.S. Mail pursuant to the Settlement Agreement with instructions regarding the same.    Initial distributions by the Trustee will begin after the Court considers the pending Second Interim Distribution Motion which is set for hearing March 6th.   Distributions by the disbursing agent to Orphaned Investors and Probate Investors will begin within 21 days.

DE387 – Notice of Settlement Agreement Implementation Date

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