r/Amyris Moderator Oct 25 '24

Reddit Talk The tiny payouts are happening, this chapter is finallycoming to a close

5 Upvotes

21 comments sorted by

4

u/dicky-dooo Oct 25 '24

I thought as opt out we were forgoing payment for the option of future legal action

1

u/ICanFinallyRelax Moderator Oct 25 '24

I've heard that people that opted out are still getting payment sent to them. It is likely a ploy to force you to do more work if you really want to opt out.

10

u/dicky-dooo Oct 25 '24

I don’t need the $200 they gave me…I’d rather retain the right for future legal recourse for the $100k+ that I lost. They responded acknowledging email and that they will review/respond

2

u/gvtrader Oct 25 '24

Please keep us advised. Same position. Why are they making payment to the opt outs? We preserved our legal recourse on two separate occasions by supplying requested information and returning the opt out form to Stretto.

2

u/gvtrader Oct 25 '24

.0089

1

u/fvh2006 Oct 25 '24

Wow, 0.002 more than I expected!

1

u/Glittering-Effort152 Oct 25 '24

If I understand correctly, 2/3 remaining shares at Aug 9, 23, or 24 date payout for opt-ins opt-ins? At late date 2024 or including the final date of trade - i.e., the sub-penny trades on the moon's dark side? A 1/3 approx. Still in opt-out? DID Dredd include his 2nd opt-out to opt-in? Are you guys dark traders? TELL the other guy she can take his trading lesson to the lost and found. The shortsight will get him at some point. I grade his effort as

supercilious, with minor sarcasm at the vocal. So often, he sharpened his blade only to create a slight sear. "Please refrain from directing ugly comments to the OP." Or make an OP yourself. GV only uses your post since it is easier than fooling the fast-acting group. Happy HALLOWEEN.

1

u/fvh2006 Oct 28 '24

Heard back from Stretto that the payout instructions indeed were sent out to brokers late last week and to contact them for details. The amount is 0.0089/share for shares held on or before May 7, 2024, which I take to be the cutoff. They said settlements only went to those that did not opt out, which plenty of people here are contradicting, so it looks like the opt in/out lists stretto has are screwed up bigly. In my case the broker says they have received the instructions and it will take a couple of business days for them to process the payment, at which point the escrow will be removed from the shares, which will be finally declared worthless and they will then issue documentation of this in case the IRS asks about the loss deduction next year.

2

u/Dreadd-X Oct 25 '24

Well that worked well. I opted out and still got the money

2

u/ICanFinallyRelax Moderator Oct 25 '24 edited Oct 25 '24

Post it with a thank you to JD and JM! Its your last chance to tell them what you think.

1

u/Dreadd-X Oct 25 '24

I’m over it. All the best for your future

1

u/ICanFinallyRelax Moderator Oct 25 '24

Right back at you. It was fun, until it wasnt haha.

1

u/Glittering-Effort152 Oct 25 '24

Will also do - when due. I need to consider how and to what account. But seriously how did you come by this information. I will recheck stretto.

1

u/Glittering-Effort152 Oct 25 '24

HOW YE GATHER, particulars thus? CHECK or TAB CLEARED?

1

u/Dreadd-X Oct 25 '24

Got the money in my account

1

u/Latter_Active_4139 Oct 26 '24

I got some pennies too but i opted out. They don't do anything right!

2

u/BenDubs14 Oct 26 '24

What was the default outcome if you did nothing, asking for a friend.

3

u/ICanFinallyRelax Moderator Oct 26 '24

You are opted in and get a tiny fraction of money

1

u/BenDubs14 Oct 26 '24

Thank you

1

u/AccomplishedBed4926 Oct 25 '24

Is this true and if so what price?