As you pointed out, it costs a lot to disperse money. I pretty sure the court and LT would want to complete this with one final distribution. Although, putting Ivan's claim in an escrow account could change that because I think It indicates an opportunity to close the SEC's FF commitment. One really needs to have the transcript to really know what's happening.
I just don't understand the exact meaning of the original comment at this point. He has present the argument before and I haven't been able to decipher it. McKenzie gets 70 mm C/S for what and/or under what conditions? I assume these are pre-split shares.
Liquidating Trustee is still contesting Ivan's $797,631 claim. So nothing is final yet. could be another 6 months or more before all is said and done and we receive a final payment. I hope the LQT is successful at reducing his claim significantly.