According to the charge sheet total amount invested in gins is about $3.25 million, so if the bank account balance is $2.25 million plus the payment processors balance of $0.75 million = $3.0 million, if the figures are correct, if all investors submit the claims, all investors shd get back 90% of our money.
But the problem is CAD Singapore did not take any effort to recover the monies in payment processors.
In one hand CAD said they will take all the effort to recover the money and refund to us but in the hand they are they do nothing to recover the monies in the payment processor.
Also, the CAD expenses will end up eating all our money if the case prolong. Reliable source, the expenses now is abt $800,000 as at 30th April 2008.