20241111

Last week, the Prime Trust Wind Down entity, which is the organization that possesses the property of Prime Trust account holders, sent notice to the court that they would be filing a motion in the case. Here is the notice. No details were offered as to what that motion might contain. It was an FYI to the judge.

The next hearing is scheduled to take place on November 21st. At this hearing, the Prime Trust Wind Down entity is expected to present a plan for disbursement of assets formerly held by Prime Trust to account holders and creditors. The aforementioned motion would also presumably be discussed.

It is not possible to predict what the motion, or the disbursement plan, will contain before it is presented.

Anyone who is a creditor to Prime Trust and would like to attend the hearing may register to attend via Zoom. Here's the registration link. The case number is 23-11161 (JKS). Registration is required by 4:00 p.m. Eastern Time the business day before the hearing unless otherwise noticed using the eCourtAppearances tool available on the Court’s website.

Remember, the executives who are responsible for the Trust originate with a firm called Province, LLC, whose website can be found at https://provincefirm.com. Should you wish to contact them, you may reach out to David Dunn by phone or by sending an email to ddunn@provincefirm.com. Please note, Coinbits does not specifically advise or request any particular course of action for you.

We will keep you informed of any developments. Thank you for your continued patience and support.