Originally Posted by LostOstrich
If we assume that 90% was sold, and the total actually played was $15,030.. that means $39,770 is owed to investors, and each 1% share is therefore worth $441.88.
$10k has been returned so that's $111.11 for every 1% share that can be distributed now (or at least, once everything is verified and my math is checked by someone who knows what they're doing). This will leave a total of $29,770 outstanding, and each 1% share will be owed $330.77.
So I guess the first step is to get these numbers and assumptions verified and agreed?
Yep, that's the first step. HIV has actually sent me $12k and change now, but it's going to be much more complicated. When I get the records from him I'll try to work it out. He took on two more investors for 10% each somewhere in the middle of the package, but these two did *not* give him all the money up front. Furthermore, it seems he may have forgotten my 7% when he made the list of 70% sold (and maybe accidentally sold 97% eventually!)
My preliminary calculations (ignoring the new investors, and counting his cashes) are that each 1% share originally cost $685 and is now worth $523. There is cash available to pay $164 of that, leaving a shortfall of $359.