here is my take on the situation.
1. One needs to find out if the two bank accounts hold in excess of 16 million (probably 18-19 million).
2. Documents show that the programmers (indispute owners) are acting in good faith. This does not mean that they have to pay back any monies though. This may be a ploy to stem any lawsuits directed at the company from any webmasters.
3. The 1.6 million has probably been accrued by the CPA and a % spend (unretreivable without liquidation of assets and property) and the rest funneled into account that might be hard to trace. A very small portion of this will be recovered.
4. If the programers get access to the two bank accouts then it is possible that we could see between 20-70% of our money back, not much more.
5. If you decide to sue you may get 70% of your monies. Plus if you have a good lawyer a % of your lost recurring rebill monies.
I am going with option 2 until I know whether they get access to the two bank accounts. If notified with a payment date I will sit tight. If not I will sue.
Also, these documents bode well for submission to the IRS for business losses. Also I have asked my lawyer in the past over Lancelots theft for the recurring (loss of rebill income) to look into what losses I can deduce from my income statement.
goooooood luck.
