Judge Mitchell has approved distribution of the Dinars, and has ordered the Receiver to distribute Dinars to all investors. The Department of Finance will not be converting the Dinars to dollars and sending out US Currency. All investors will receive Dinars.
The Receiver was able to sell some of Smiley's property, and has a small cash balance on hand. This will be used to pay for shipping. If there is any money left over once all costs have been paid, Judge Mitchell has ordered the receiver to pay this out to investors at the same ratio as the Dinar distribution. Thus, it is possible that investors may receive a small check at a later date. Keep your addresses current with the Department until the entire process is complete.
The Receiver is beginning to distribute the Dinars. Given that well over a hundred separate shipments must be made, probably close to two hundred, and the associated count and arrangements for tracking the shipments, it will take the Receiver at least a few days, and probably more, to complete all shipments.
For those investors who choose to do so, you may call the Receiver and make arrangements to travel to Boise to pick up your Dinars. Do not just show up here and ask for Dinars, call in advance and make an appointment. The Dinars are stored in a bank vault and must be retrieved and counted before they can be handed over.
The Receiver is Tim Martin, at (208) 332-8079.
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