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16. Was there $2.5 million available to Aorangi prior to 30 June 2010? We are aware Mr Hubbard was borrowing personally from these he had previously supported to fulfill Aorangi interest funds. The money associated with Hubbard Administration Funds is held by Forresters Nominee Firm Limited (in statutory management). This was on the idea that Mr Hubbard's normal annual management payment of about $1.2m ($80m x 1.5%) was not charged in December 2010 as had been his previous practice.
We have no additional comment to make other than our 10 December 2010 assertion. The latest September and December quarter receipts have highlighted this as famous in our fourth and sixth studies. We've been providing an replace in our stories on the current value of the Hubbard Management Fund portfolio. The place of each investor in Hubbard Administration Funds is unclear. Our current estimate is that on this basis investors would receive approximately 60% of their investment.
Our present estimates which are set out in our sixth report, indicate it's unlikely any interest can be paid on funds invested in Aorangi. There can be no legal costs from the Statutory Managers’ solicitors associated with the switch of an Aorangi or HMF investment to an Estate. The Statutory Managers would require proof and https://www.vapeenter.com/ijoy-exo-pd270-207w-20700-tc-mod-6000mah route from the Estate solicitors to make any transfers. 23. What authorized responsibility do the Statutory Managers have to pay out the cash to an estate?
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