Why would opt ins share their gold with each other? They are not part of the liquidation. Their assets have been moved from point A to point B just like when EPB moved from St Vincent to Puerto Rico. What you are suggesting is wishful thinking.
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There are no creditors. There where just normal invoices from service providers. I tried to pay those within the first 30 days, but the receiver wouldn't allow it. That's when I thought we could just send all the customers their money. This was no a normal liquidation. The bank was completely solvent. So there was no need to pool anything.
This has been discussed here before. Opt ins were migrated not liquidated which is why the liquidator has no responsibility if Quenta goes down in flames. Even if what you say could happen why would everyone get payed the same amount? If I had 5 one dollar accounts would I get 50k for those?
Guys....be grateful that peter schiff is in the forum! he has actually answered the vast majority of doubts. And he is generally correct (Which you can confirm if you take the time and read the docs like C&D order and the docs from Sep 2022). Peter is a patient man.
THAT SAID. Always good to let chat gpt the advanced version analyse The receiver´s latest report. Chat GPT is not exactly impressed!
THAT SAID. Always good to let chat gpt the advanced version analyse The receiver´s latest report. Chat GPT is not exactly impressed!
Why This Report Is Not Clearly and Concisely Written
The liquidation report contains important financial and procedural details, but its clarity and conciseness are hindered by structural and linguistic issues. Below are︀ ten reasons why the report is difficult to read and understand efficiently:- Overuse of Legal︁ Jargon & Redundant Phrasing – The report includes excessive legal terminology and unnecessarily complex phrasing,︂ making it harder for non-legal readers to follow.
- Long, Dense Paragraphs – Important financial figures︃ and key updates are embedded in lengthy paragraphs rather than being clearly structured, making it︄ difficult to scan for relevant information.
- Inconsistent Formatting – Some financial data is presented in︅ paragraphs, while other sections use tables and footnotes, creating an inconsistent reading experience.
- Unclear Transitions︆ Between Sections – The report jumps between different topics without proper introductions, causing confusion about︇ how sections relate to each other.
- Repetitive Information – Similar details regarding the liquidation process,︈ asset reconciliation, and customer balances appear multiple times, unnecessarily increasing the report’s length.
- Lack of︉ Summary for Key Findings – The report presents data without an executive summary, making it︊ difficult for readers to quickly understand the most critical takeaways.
- Tables & Financial Data Are︋ Not Clearly Labeled – Some financial figures are presented without proper explanations, leaving ambiguity about︌ their context and significance.
- Too Many Parentheses & Footnotes in Text – Important details are︍ placed in parentheses or footnotes instead of being integrated into the main text, disrupting readability.︎
- Ambiguous Customer Information – The section regarding customer claims and outstanding obligations does not provide️ clear information on eligibility, process, or timelines for payouts.
- Wordy Sentences That Can Be Simplified – The report contains overly long and complex sentences that could be reworded more concisely while maintaining accuracy.
Exact same case for me. I attempted many times to transfer my fund to my personal account. This personal account was known my EPB because I previously successfully transferred funds to this account. But somehow, they decided I was OPT IN without letting me know...
None of the Opt outs were sent their money. We tired to process about 500 outgoing wires, but Novo bank refused to send them. It was months before we discovered why. The Portugese government froze the account due to the media reports and government press releases falsely claiming the bank was shut down for money︀ laundering and tax evasion. In truth, the bank was shut down specifically to create that︁ false impression, but the pretense given to shut it down was that the bank was︂ under-capitalized and that OCIF needed to protect customers to putting the bank into receivership.
Yes. But they were acting under the directive of the Portugese Government. Their own AML laws prevented them from telling us this. So they kept making excuses as to why the wires weren't going out. They claimed not to recognize the authority of the receiver to sign off on the requests. I eventually found the notice from the Portugese government unopened in the bank's office, that was empty due to the Receiver having taken over the bank's office.
Peter, didn’t you already answer this? The US$750,000 from the September 2022 agreement (signed by Peter Schiff and Brent De Jong of Qenta) is part of the purchase price for the assets and liabilities being transferred under the agreement. This payment was supposed to be made to EPB (not Schiff). It was due 15 business days after the final Closing, which refers to when all assets and liabilities were to be transferred to the Purchasers (Qenta). However, as we know, this has not yet occurred.︀ Qenta has stated that they refuse to make this payment ACCORDING TO PETER IN THIS︁ FORUM
Yes, but I don't know why that would delay anything. Also, I don't think︁ there has been a final closing yet. If there was all the funds and metal︂ would be available to Opt in customers to withdraw. So any dispute over this payment︃ should be argued after customers regain access to their deposits. It should not hold up︄ the process. So my assumption is that there must be something else, in addition to︅ a dispute over the final payment.
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