Stand corrected only just started looking into this see below...

Stand corrected only just started looking into this see below for my reasoning , admittedly should have consulted more sources


looking into it further if crypto repayments where selected due to bankruptcy trust holdings an expected return is 70 % - 90 % crypto with 30% - 10 % yen/cash return on the 21% recovered assets so estimate recovery 6 - 7.5 mill add to to FUM which sits at approx. 37 - 40 mill giving a rough enterprise value of 10 million, my concern here is what current projects command that E value ?

depending on how many choose cash payout will depend on return of available capital from bankruptcy trust ( two largest creditors have already taken crypto at 90% of 21% )

time frame OCT 24 seems to be deadline for receipt although this is after extension so lower conviction of achievability

Red flag on the on the Karis sage however seems tight from DCC point of view ( below 11,17 from prospectus ) other than claimed creditors ( being a bare trust , claimed creditors get preferential payment his side in link below ) this could definitely extend time frame to when BTC would be available even if victorious in court , with potential of additional costs, ugly situation at best

legal arguments below


Karis v Digital CC Management Pty Ltd [2022] FCA 685 - Lexology