Skip to content

Shareholders Area

CCS LIQUIDATION TRUST
  • Home / Inicio
  • Reports / Reportes
    • Reports / Reportes
    • Share Redemption – Frequently Asked Questions
    • News / Info
    • Blog
  • Data Room
  • About Us / Acerca de
  • Contact us / Contacto

Blog

Shareholders Committee Blog

8 March, 2019 manager Leave a comment

Welcome to the Shareholders Committee Blog, Bienvenido al Blog del comite de Accionistas More information Soon. / Mayor Informacion en…

Continue Reading →

Cost Analysis and Selection of Blockchain Networks

Following the review of costs and analysis for making payments, we have determined that it is not advisable to use Ethereum (ETH) due to commission charges. Although it is the largest and most important network, it is not recommended for this task. Therefore, we will only be able to use Solana (SOL) or Tron (TRX) for USDT payments.

Both networks have advantages; However, TRX is legally an official currency in the jurisdiction where the Trust is registered and after analyzing the costs, we consider TRX to be the best option because the commissions are much lower, it is a primary network, and all brokers also use it.

This week, a large-scale payment test will be conducted using this network, and with a system that allows distributions to be automated. We will publish the results and the procedure to follow once this point is resolved.

Shareholder Brokerage Account Registration

We kindly ask all shareholders not to open brokerage accounts at this stage.

Brokers offer special accounts with significantly lower exchange fees and may share profits from these exchanges with the Trust.

The Trust will utilize referral links to generate additional income, which will later be allocated for further redemptions, allowing the Trust to raise more capital while shareholders benefit from discounted exchanges.

If shareholders open accounts with these exchanges now, (without the Trust being registered), the Trust will miss out on this income, and those shareholders will incur full costs for converting USDT at commercial rates without discounts.

Please wait until we provide a list of approved brokers for registration.

Initial preparations for share redemptions and payment methods

In preparation for a distribution of capital for the redemption of shares (stage one), we have conducted a comprehensive analysis of payment procedures. As a result, we have identified three distinct blockchain options for executing these payments.

The payments will most likely be processed using Tether (USDT), a stablecoin designed to maintain a 1:1 peg with the US dollar. Each USDT is equivalent to 1 USD and is backed by reserves.

Shareholders who receive their payment in USDT, can exchange it for US dollars or any other currency through their chosen exchange. We will provide comprehensive instructions that are easy to follow to do this procedure.

Criteria for choosing a Blockchain payment systems

Currently, we are in the process of selecting with the Executive Committee which of the three proposed blockchains may be utilized for these transactions. Our evaluation criteria include:

1. Security: Assessing the robustness of each blockchain against potential threats.
2. Cost: Analyzing transaction fees and overall cost-effectiveness in light of the situation with the Treasury.
3. Ease of Use: Considering the average user experience of shareholders.
Availability of Wallets: Ensuring that compatible wallets can be easily funded.
4. Speed: Evaluating transaction processing times.
5. Compliance: Legal status in the relevant jurisdiction.

A notice will be posted in this context to inform shareholders about how the procedure will be implemented while addressing the above points.

Update and finalization of filings

At this moment, we are determining the immediate feasibility and costs of carrying out the redemption process.

There is a significant transaction at a mature stage currently undergoing legal review by the parties involved, and we expect its closure. Additionally, there are new pending closures, and several transactions are in the process of being finalized. One of these was confirmed to us earlier last quarter, which has contributed to an increase in the reported liquid capital in the Trust treasury.

The Trust completed the financial calculation of all the voted shares and have finished assigning each active shareholding participation, shares were registered in different registries depending on their new voting status, and the total calculation of their respective share value per voting shareholder was carried out and manually rechecked.

Distribution of IB commission agreements

We have completed the full distribution of the IB commission contracts to interested parties. If you have requested to participate and have not received your agreement, please reach out to the Trustee.

If you are interested in participating in these commissions, reach out to the Trustee using the button below or via email at trustee@universum.icu.

Send a request to the Trustee

Initial Results.

The results are as follows: we had 219 votes (excluding two test votes), resulting in a total of 217 votes. Of these, 12.3% of shareholders wish to maintain their shares as an investment, while 87.7% intend to redeem them in stage one.

Regarding the use of capital to improve the rights of the Puebla property, 45.5% disagree with using the money for property improvement activities, while 54.5% agree with using the capital for that purpose. As for how to distribute the money, 32.5% of shareholders want to use bank accounts and declare the financial tax information, but 67.5% chose the option to privately distribute the capital using cryptocurrencies.

Shareholders Reporting Center

Notice regarding possible SPAM Filtering

We have received inquiries from shareholders who are finding emails from the Trustee in their SPAM or Junk Mailbox. The issue appears to be affecting shareholders who have provided email addresses from servers such as 'hotmail.com' or 'yahoo.com,' or similar free email service providers.

Go to the Notice

- Some shareholders have reported problems with email answers from the Trustee and the executive committee not arriving, if any email seems unanswered we kindly ask you to verify the junk or spam folder in your mailbox, please confirm that trustee@universum.icu is added as a trusted sender to avoid missing critical updates including those that will be issued shortly.

  • Disclaimer
  • Data Room
  • CCS
  • Contact Us
  • Email Contact / Correo electrónico
  • Home / Inicio
  • Reports / Reportes
  • Data Room
  • About Us / Acerca de
  • Contact us / Contacto
Copyright © 2024 CCS Liquidation Trust - All Rights Reserved