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That being mentioned, Exhibit E to the Disclosure Statement (beginning at p. 358 of the Genesis Solicitation Package) offers an illustrative vary of recoveries, which may allow you to decide whether to vote to merely accept or reject the Plan. At this time, Gemini doesn’t have a advice on whether you must vote to accept or reject the Plan. Please learn the Disclosure Assertion and its displays fastidiously earlier than deciding whether or not to vote to accept or reject the Plan. As a reminder, the deadline to vote to merely accept or reject the Plan is January 10, 2024, at 4pm EST.
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- We anticipate that initial distributions — roughly 97% of the digital belongings owed to you as of the suspension date (November sixteen, 2022) — will likely happen a few month following, in early June.
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- We anticipate preliminary distributions — roughly 97% of the digital assets owed to you as of the suspension date (November sixteen, 2022) — will happen by early June.
- Nevertheless, Genesis has persistently asserted in filings and in discussions with counsel that Genesis disputes that Gemini’s foreclosures “satisfied applicable legislation.” Despite recognizing that the treatment of the Collateral is a major issue, Genesis has taken no steps to address this dispute with the Court Docket.
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