I wanted to take this time to update you on our progress with the StormPay issue and few other items.
StormPay
I am sure you are all under stably anxious to hear updates on our progress toward recovering our funds. Today, we made significant progress with the attorney who will be representing us in this matter. He has outlined a strategy for attempting to get our funds released by StormPay by whatever means at our disposal. We hope for swift action in the matter and will keep you as informed as things unfold, to the extent that we can without compromising the case.
Refunds
We will begin issuing a few refunds this evening and will process a batch of refunds daily. The order of the refunds will be: 1) Remaining Egold/EMO 2)Remaining Egold/Money Order, 3)Compounded EMO, 4)EMO. Please note that because we are unsure of how fast we will be able to resolve the StormPay situation, nor what the outcome of our efforts will be, we cannot provide any kind of time frame by which these EMO refunds will be issued. Also, due to StormPay’s random refunds and double payments that they are conducting with our funds and without our input, we are unable to yet give an accurate assessment to you of how we will deal with the StormPay refunds. Our hope is that by the time EMO payouts (currently on Dec. 8 expiration), catch up with where we left off with StormPay withdrawals, (Jan 23 expiration), that we will have some resolution on the StormPay issue and can announce a plan and/or for StormPay refunds.
StormPay
I am sure you are all under stably anxious to hear updates on our progress toward recovering our funds. Today, we made significant progress with the attorney who will be representing us in this matter. He has outlined a strategy for attempting to get our funds released by StormPay by whatever means at our disposal. We hope for swift action in the matter and will keep you as informed as things unfold, to the extent that we can without compromising the case.
Refunds
We will begin issuing a few refunds this evening and will process a batch of refunds daily. The order of the refunds will be: 1) Remaining Egold/EMO 2)Remaining Egold/Money Order, 3)Compounded EMO, 4)EMO. Please note that because we are unsure of how fast we will be able to resolve the StormPay situation, nor what the outcome of our efforts will be, we cannot provide any kind of time frame by which these EMO refunds will be issued. Also, due to StormPay’s random refunds and double payments that they are conducting with our funds and without our input, we are unable to yet give an accurate assessment to you of how we will deal with the StormPay refunds. Our hope is that by the time EMO payouts (currently on Dec. 8 expiration), catch up with where we left off with StormPay withdrawals, (Jan 23 expiration), that we will have some resolution on the StormPay issue and can announce a plan and/or for StormPay refunds.