Disclaimer - great Article thanks!

The below article was not written by RAG or its direct involved people. We would like to give credit to the author and are in the process of determining who can claim it. Please respond to Sharon@getaquid.com if you can shed light on this. Well worth a read.

Suggested Liquidators List: https://getaquid.com/suggested-liquidator-list/

Summary of the 'Provisional Liquidation of MTI ~ What now' Youtube video:

1) This is a South African Liquidation so the currency that will be used is ZAR (South African Rand);

2) Liquidation happens in FIAT (normal currency) and not in BTC;

3) Whichever Liquidator/s gets appointed has to act swiftly and in the best interest of the body of Creditors.

4) If you want to have a say in who the Liquidator/s will be, you have to complete one single Liquidator Nomination Form for the total initial investment in ZAR when you transferred it to MTI. It wasn't clearly stated as such, but I would imagine that you can add to that all the subsequent deposits which you have made as well in the same ZAR value when it was transacted to MTI. Overseas Members can also add the US Dollar Value next to the Rand value if you are not sure of your calculations.

5) You must physically sign a nomination form, as digital signatures or otherwise will not be accepted under South African Insolvency Law - make a plan. Also you can only submit one Nomination Form per claimant. If you send more than one, say one to one Liquidator and another completed form to another Liquidator, both nomination forms will be disqualified in court (you can still claim later on though).

6) Email your completed and signed Nomination Form to the supplied email address for that Liquidator (should be on the Form).

7) 🔴🔴🔴 The forms need to reach the Liquidators via email BEFORE 15:00 Thursday 31 December 2020 South African time to be considered for the appointment for a specific Liquidator. BUT, if you do not send a Nomination Form in or its late, you will still have the opportunity to submit a claim later on, possibly up to 30 days from the provisional Liquidation Order - there will be some clarification on the time frame soon enough; 🔴🔴🔴

8) If you need to submit Nominations (or claims) for minor children, the parents or guardian can do the form, but will have to add a signed affidavit with your ID/Passport as well as any ID for the minor as well;

9) Nominations and claims can be done/submitted by both South African citizens as well as Members from other countries. However please write clearly in English if possible (clear black pen) and also make sure that whatever image or .pdf you send via email to your nominated Liquidator, that it is clear and legible for the recipient to read.

10) 🔴🔴🔴 Although not needed for your Nomination Form, you will need to prove any claim further down in the Liquidation process and thus should urgently collect all evidence that you can to later substantiate your claim. This means any Crypto Exchange transactions where you sent BTC to MTI or received BTC from MTI and everything in your Back Office will play a very important role later. 🔴 However, no one knows how long the MTI server will still be up in order for Members to collect that 'evidence' in the Back Office so please do it as a matter of extreme urgency. But take screen dumps of everything, especially deposits, withdrawals and transfers, but everything if you can. 🔴🔴🔴

...
11) Liquidators (up to five, but normally around 3) may be appointed by the Master of the High Court, depending on the volume and complexity of the Liquidation.

12) It was also stated by all that should the MTI Members, Founding Members and other major gainers in the scheme come forward and voluntary pay back their ill gotten gains, then the process will go much quicker and easier and the law may also be a little more lenient towards those who cooperate with both the law and the liquidators.

13) If the Liquidator who you nominated does not get appointed as one of the appointed Liquidators, your nomination form should be handed to the Liquidator/s who was appointed so that your form will not mean nothing, but still be in the system and you will be contacted by whomever takes over as the appointed Liquidator/s.

14) It was also stated that Johann Steynberg will be searched for and apprehended if he fails to come forward. If he does not come forward and cooperate fully, he will most probably be sequestrated in his absence. That probably goes for other Founding Members and top officials of MTI also (but don't quite me on it).

15) Costs were discussed/disclosed by the Liquidators present and quoted as a percentage on recovery of assets/FIAT: 3% on Fixed/immovable property (say houses that need to be sold and turned into currency), 10% on Movable Assets (like vehicles, office furniture, clothes, house contents, jewellery, etc.) and 1% on Cash or Monetary transfers (not sure if Crypto assets gets treated the same here);

16) It was also stated that should MTI Management produce evidence of, or the full BTC amount owed to investors, then the Liquidation will be retracted (I honestly doubt if this is even a remote possibility at this stage, but miracles has happened before);

17) I may have missed a few minor stuff which was discussed, but please watch the video for yourself as well if you have the facilities available. There will also be a follow up video on Wednesday the 30th so lets keep out eyes open for that.

Please also note that some of the Liquidator Nomination forms are pinned under the pinned messages in this Group. There may be more on the RAG webpage too. However the two that we have pinned, are also the two Liquidators mentioned in the Video, namely InvesTrust and Sebenza Trust. The two forms are also listed below this message for your convenience.

InvesTrust - 'REQUISITION-AW-VAN-ROOYEN-MTI.pdf' - email completed form to: nominations@investrust.co.za
Docs and info available at Website: https://www.investrust.co.za/mti-liquidation/

OR

Sebenza Trust - 'Sebenza Trust REQUISITION 2020 MTI.doc' FORM - email completed form to: sebenzatrust@absamail.co.za
Docs and info available at Website: https://liquidationspecialis.wixsite.com/sebenzatrust

OR

Tygerberg Trustees - 'https://bit.ly/382Lq54' - email completed form to amy@tygerbergtrustees.co.za

Docs and info available at Website: https://1drv.ms/u/s!Ap8SKor10WWloOJK_R70sB8-3mdv2w?e=hC8YpV

WORD of Caution here please. The information above is being provided for your convenience. You as the MTI investor must please examine all your options and determine on your own accord which liquidator you would like to support.

RAG recommends you do your own investigations and determine who you would like to nominate. We reiterate the above information is provided to assist you and to only be used as an example.


78 Comments

Gert Pienaar · 30/12/2020 at 7:34 am

I have submitted feedback on the contact section and just want to make sure you get my message. I am concerned that we are underestimating the job here and that we have volunteering Legal representatives that overstate their experiences and capabilities to handle a complicated scheme like this. I propose that we do the checklist. There is not much time and people are going to vote for the wrong intermediaries

    Benita Bosman · 04/01/2021 at 3:16 pm

    Hi Gert

    Please won’t you assist with the checklist?

    We are less than 10 people who volunteered to help with the answering of emails, assisting investors with the questions they have and compiling factual information to put on this website.

    Kind regards
    Benita

Petrus Jacobs · 30/12/2020 at 7:56 am

Sorry for asking this question…
but if the advocates working on this case (Hendrik van Staden and team) are as good as they say they are, WHY was Cheri and Clynton Marks not arrested LONG AGO as a result of BTC Global AND being investigated by the Hawks?
Why is Willie Breedt not in jail?
Did any of THOSE ponzi scheme investors ever get a cent back? If not, why would I trust that Hendrik and his team will get it right with MTI?

    Benita Bosman · 04/01/2021 at 3:13 pm

    Hi Petrus

    Please refer to the recordings of the Q&A zoom calls which were hosted. The questions you are asking were discussed at great length.

    All the factual, relevant information will be shared on this website.

    Signup to our newsletter.

    Kind regards
    Benita

Annetjie · 30/12/2020 at 8:46 am

Do we have to register with the liquidators?

    Benita Bosman · 04/01/2021 at 3:13 pm

    Hi Annetjie

    Please refer to the recordings of the Q&A zoom calls which were hosted. The questions you are asking were discussed at great length.

    All the factual, relevant information will be shared on this website.

    Signup to our newsletter.

    Kind regards
    Benita

Bonita Read · 30/12/2020 at 8:49 am

I am somewhat confused by the statement made on the video that we should claim the US$/ZAR due to us, BUT as you know the BTC value changes and so does the currency rate of USD vs ZAR on a daily basis! so what now? .. conundrum ; we want our BTC at it’s highest value .. (which we are losing out on currently as it is standing at almost $28000 as I write this) but of course the BTC value could also drop to below what it even cost us when first put our BTC into the MTI ‘pot’ . .. It was mentioned too that here would be a conversion table/calculator for us to use.. where do we find that and do we convert at today’s rate BTC to USD to ZAR.. Please explain

Andre Erasmus · 30/12/2020 at 8:56 am

How do I find the list of liquidators for research?

    Benita Bosman · 04/01/2021 at 3:31 pm

    Hi Andre

    The cut off date to submit requisitions was this morning.

    Kind regards
    Benita

Nicole Woodbridge · 30/12/2020 at 10:00 am

Who should I nominate as per RAG advice

    Benita Bosman · 03/01/2021 at 5:35 pm

    Hi Nicole

    Please look at the link below and make your choice. Please submit your requisition today still. Cut off 4 January 2021.

    LIQUIDATION – SIMPLE – HOW TO MANUAL

    Please signup to our newsletter.

    Kind regards
    Benita

Craig · 30/12/2020 at 10:31 am

What is the purpose of the WhatsApp & Telegram groups when admin removes us from the groups. After several requests to various admin members, I have not been added to the respective groups. I have NEVER name & shamed, slandered not been critical of MTI. If there are reasons why you fell I had to be removed, please share that with me. I /We are MTI investors and DO NOT appreciate being censored. I have been requesting the 14:00 Zoom call invite link for the past 24 hours.

    Benita Bosman · 03/01/2021 at 4:14 pm

    Hi Craig

    The audio recordings of all the zoom meetings held are on this website.

    Please signup to our newsletter.

    Kind regards
    Benita

Melissa Quintarelli · 30/12/2020 at 10:49 am

My son and I have both emailed forms as advised a week ago but we used digital signatures so they won’t be a acceptable. Can we email new forms with a physical signature now?

    Benita Bosman · 03/01/2021 at 4:07 pm

    Hi Melissa

    Yes please. Submit them today still. Cut off 4 January 2021.

    Kind regards
    Benita

shirley · 30/12/2020 at 11:59 am

Dear Sharon

Firstly may I say many thanks for all your effort and your concise summary of the zoom call recently recorded.
One of the questions you raised was….how do we calculate the BTC amount to be claimed.
For example: I deposited BTC in my husband’s account in April 2020 and withdrew it a while back, so the only BTC remaining is the trading and bonus amounts which is less than the original deposits.
I recently deposited money into my two Inc businesses and moved the capital amount P2P to my MTI account for withdrawal ( which obviously did not happen) How does one clarify to claim in these situations?
Surely the amount claimed should be based on the final balance in each account for simplicity….it is just too complicated to work on initial deposits alone…. I am sure that for many people this is a problem.
The other thing is currency…..the dollar value will be different to the Rand value. Do we calculate the dollar/rand value of BTC at a specific pre-determined date…..Perhaps these questions could be clarified.

One final question of the two liquidators in the seminar – which liquidator is associated with the different companies you mentioned please?
Best regards

Shirley Holmes

    Benita Bosman · 03/01/2021 at 3:45 pm

    Hi Shirley

    The appointed liquidators will advise on the way forward. They just have to secure the wallets of all the investors first.

    You can have a look at this link:

    LIQUIDATION – SIMPLE – HOW TO MANUAL

    Please signup to our newsletter.

    Kind regards
    Benita

Ina Rabe · 30/12/2020 at 12:04 pm

I also lost money and will appreciate feedback on the status of you trying to get it back for us.

    Benita Bosman · 03/01/2021 at 4:03 pm

    Hi Ina

    Please go to the following page and submit your requisition form today still. Cut off is 4 January 2021.

    LIQUIDATION – SIMPLE – HOW TO MANUAL

    Please signup to our newsletter.

    Keep referring to this website for the latest factual news regarding the legal processes.

    Kind regards
    Benita

Liezl Joubert · 30/12/2020 at 1:46 pm

Please send me the MTI forms

Conrad · 30/12/2020 at 2:00 pm

I would like to confirm that you received my details for claim against MTI
Conrad47 user name
74355548 user I.D.
Thanks for the help, appreciated.

Buks Steyn · 30/12/2020 at 3:49 pm

I

Peter Dally · 30/12/2020 at 4:34 pm

My name is Peter Dally. Please advise.
Immediately after hearing that Johan Steinberg had left the country, we were sent a a requisition by Herman from Tygerberg liquidators, which we completed and returned a signed copy to them. I subsequently sent an email to them withdrawing my requisition, but no reply so far
Hope this wont prejudice my application with RAG.
Thanks.
Regards
Peter Dally

    Benita Bosman · 03/01/2021 at 1:19 pm

    Hi Peter

    I doubt it will.

    Please signup for our newsletter.

    Kind regards
    Benita

Tankiso · 30/12/2020 at 4:57 pm

I would like to get the money that I invested in MTI to be given back to me.

    Benita Bosman · 03/01/2021 at 1:24 pm

    Hi Tankiso

    Please go to the following page and submit your requisition form today still. Cut off time 4 January 2021.

    LIQUIDATION – SIMPLE – HOW TO MANUAL

    Please signup to our newsletter.

    Kind regards
    Benita

Cheryl · 30/12/2020 at 5:30 pm

Dear RAG

I am totally LOST AND CONFUSED

What are the steps I need to take

1. Must I first Register with RAG GROUP
2. Must I then choose a Liqidation Company

Did you say you would represent us with a list of Liquadators & there rates

Please help

    Benita Bosman · 03/01/2021 at 1:14 pm

    Hi Cheryl

    Please go to the following page and submit your requisition form today still. Cut off date 4 January 2021.

    LIQUIDATION – SIMPLE – HOW TO MANUAL

    This website will provide all the factual, honest information you will need.

    Please signup to our newsletter.

    Kind regards
    Benita

Mike Botha · 30/12/2020 at 6:14 pm

I will accept the liquidator appointed by the Master and will follow the prescribed process to get my bitcoins back from MTI. Any assistance from RAG will be appreciated. Please keep meposted. Regards.

    Sharon · 02/01/2021 at 3:11 am

    Hi Mike,

    Please keep checking our website for updates.

    Blessings,
    Sharon

Ralston mckenzie · 30/12/2020 at 6:17 pm

MTI were can I get the liquidation from

Lulama Magau · 30/12/2020 at 9:11 pm

Are we not supposed to use the same liquidators all of us??
I’m confused, please explain.
I thought it was going to be beneficial even when we have to make some payments that when we share those among one big group it would cost less.
Regards
Mr L Magau

    Sharon · 02/01/2021 at 3:00 am

    Hi Lulama,

    Because this case is global and so massive the courts will insist to have more than one.

    Blessings,
    Sharon

Jeanette · 30/12/2020 at 9:18 pm

I’m concerned as neither liquifator seem to specialise in crypto. It would seem better to keep all the claims in Bitcoin as it is a universal currency and bearing as 70% of the clients are not in Africa. I therefore propose to find a company who can work in with the bitcoin.

Johan Bester · 30/12/2020 at 11:59 pm

For the sake of calculations, it should be stated that investment values be given ONLY in Bitcoin! Investers must then also indicate their Country including local fiat currency. Do not bother requesting estimated fiat currency values it doesn’t work. Bitcoin values will be different depending on when it was captured!!

My suggestion is to work only on Bitcoin amounts. When a fiat value is required, a real time conversion can be done on Excel.

The Master liquidators will receive all Invester information from the other liquidators. Once all Investors BTC’s are captured in Excel, only then can local fiat currency’s be derived from the current Bitcoin price.

Thus, do not confuse investors and liquidators by requesting the “Then” current Bitcoin value!!!! Rather omit the “Then current ” Bitcoin value on the forms.

Thank you.

    Benita Bosman · 02/01/2021 at 4:28 pm

    Hi Johan

    We are not filing claims yet, we are merely appointing liquidators whom will handle the case on behalf of all the investors.

    Please use the link and submit your requisition form today.

    LIQUIDATION – SIMPLE – HOW TO MANUAL

    Kind regards
    Benita

Bill Berry · 31/12/2020 at 2:56 am

Where can I find claims forms please, I am a MTI investor

Sifiso · 31/12/2020 at 4:47 am

I’m very disturbed by all that is happening at MTI.I just to get money recovered .

    Benita Bosman · 02/01/2021 at 4:12 pm

    Hi Sifiso

    The liquidators will handle the case on our behalf.
    Kind regards
    Benita

Jan Swanepoel · 31/12/2020 at 5:33 am

I would like to know more about what truely happend and what is the next step to get the money back

Chris · 31/12/2020 at 5:51 am

Great piece of work. Thanks

    PfoJC · 31/12/2020 at 5:52 am

    Thanks.

      Getrud Johannes · 31/12/2020 at 9:22 am

      A lot of members are unreachable at the moment, and some are currently at the village no network, for submitting of liquidator form what can we do in this case?

        Sharon · 02/01/2021 at 2:27 am

        Hi Getrud,

        Just write it out, take a photo with your phone and email it to the liquidators.

        Blessings,\
        Sharon

Modisha · 31/12/2020 at 6:15 am

Recovery my assets it will be good to all of us

    Sharon · 02/01/2021 at 2:47 am

    We all agree here.

Fred Jansen · 31/12/2020 at 9:15 am

Hi Chris
Ive sent forms to Mr Roos as i think he should have the nomination
However i didnt put btc amount on my form or my wife just the initial investment for both me and the wife. Will that amount change if i have proof of how much btc i deposited at a later date?
And do you know if we recieve a letter back confirming that our forms have been recieved?
Thanks for the hard work guys
Its been a hard Christmas but you guys make it easier
You make us feel not alone
Fred Jansen

    Sharon · 02/01/2021 at 2:31 am

    Hi Fred,

    Thank you for your kind words,
    The amount can change, as we are not claiming yet.
    No receiving email, due to the huge numbers globally.
    If you sent it in, it will be added to the list.

    Blessings, Sharon (not Chris) 😉

Andries · 31/12/2020 at 10:12 am

I missed the videos and the nomination cut-off. Do I still have the opportunity to place a claim?

Neels Malan · 31/12/2020 at 10:53 am

Good day

I would like to express my appreciation for this platform and its creators for keeping us informed and consolidating efforts to achieve the best results in the recovery process. There are a lot of us out here that do not have the faintest idea of what to do in this situation and would be totally lost without your guidance.

In terms of the investment amounts that will have to be submitted at some stage, Would you please give clarity on it is determined. I believe is it crucial that everybody use the correct calculations in order to avoid unnecessary time consuming processing. There were two contradictory calculations communicated:

“the total initial investment in ZAR when you transferred it to MTI” – PfoJC (31/12/2020)
and
TO CALCULATE THE AMOUNT:
“Trading pool balance PLUS Income wallet balance PLUS Pending withdrawal balance Convert Bitcoin amount to rand. https://www.xe.com/ NB: USE THE VALUE OF YOUR BITCOIN AS TODAY. Put the Rand/ZAR amount on form. (PS. You can put both BTC and ZAR on). Write the amount in words.” – Aldo on LIQUIDATION – SIMPLE – HOW TO MANUAL (31-12-2020).

Kind regards

Neels Malan

    Sharon · 02/01/2021 at 2:07 am

    Hi Neels,

    Thank you for showing us gratitude, on behalf of the team – we accept it gracefully.

    Regarding the “amount” – before we start the claims process, there will be a definitive plan of action and “HOW TO” on our website.

    However right now: “Trading pool balance PLUS Income wallet balance PLUS Pending withdrawal balance Convert Bitcoin amount to rand. https://www.xe.com/ NB: USE THE VALUE OF YOUR BITCOIN AS TODAY. Put the Rand/ZAR amount on form. (PS. You can put both BTC and ZAR on)

    Blessings,
    Sharon

Jacob Oosterman · 31/12/2020 at 11:27 am

Don’t understand why it all must be so in a hurry? How to fill in the form, digitally or manually and taking a picture/ scan from it ………?

Bonita Read · 31/12/2020 at 1:55 pm

Can we please request that the liquidators that have been nominated via our forms sent to them, PLEASE acknowledge receipt of the forms so that we KNOW that it has been included in the process . Thank you

    Sharon · 02/01/2021 at 1:40 am

    Hi Bonita,

    They have been inundated over New Years and if you sent it in, then it gets added to the list.
    Remember this is nominating a liquidator, not claiming BTC yet.

    Blessings,
    Sharon

Howard Wilson · 31/12/2020 at 3:18 pm

Will are three liquidators going to be involved in the process or the court will only chose one of the three? How will the deleted accounts be treated? the deleted accounts were not addressed in the Q&A sessions. All accounts funded between December 4th and 6th were missing and funds disappeared.

    Benita Bosman · 03/01/2021 at 12:38 pm

    Hi Howard

    Because of the amount of investors, the court will definitely appoint more than one liquidator. The liquidators will have access to all the information regarding investors and their accounts.

    There will be more Q&A Zoom calls during the week. Submit your questions to the experts then. All the information regarding past and future Zoom calls, progress with the appointment of liquidators etc. will appear on this website.

    Kind regards
    Benita

Gansen · 31/12/2020 at 7:59 pm

Please try and recover the money
Thank you great work

    Sharon · 02/01/2021 at 12:41 am

    HI Gansen,

    You have my word – we are doing our BEST!
    We do appreciate your thanks – we don’t hear it often enough, but once everyone sees how much work has truly been put in and we start sharing the behind the scenes stuff, people will realize that RAG is a total blessing!

    Keep the faith.
    Sharon

Mariaan du Bruyn (MJJ) · 01/01/2021 at 10:11 am

I am not sure how to get my amount of investment
I know what is the amount but don’t have evidence
Cell: 071 682 2334

Regards

    Sharon · 01/01/2021 at 11:24 pm

    Hi Mariaan,

    When you log into your back office, you can take a screen shot of page. Here is shares most of the info. Also take a screen shot of the Withdrawal history & Add funds. This is all the proof you need.

    Blessings,
    Sharon

    Sharon · 02/01/2021 at 12:37 am

    Hi Mariaan,

    Please just complete form and send to liquidators. You can take screen shots of your back office later today and that is all the proof you need.

    Blessings,
    Sharon

Luke Owen · 02/01/2021 at 2:13 am

I have only just seen all this as I have been at sea without internet. Is it too late for me to claim? Than an in advance. Luke

Siyamthanda Praise Ngwenya · 02/01/2021 at 6:25 am

Would like to recover my Bitcoins that I invested in MTI

    William Grimes · 02/01/2021 at 9:49 am

    Then you are at the right place. We are here to recover the Bitcoin. Thanks for your support.

Lucas · 02/01/2021 at 8:13 am

Hi, I got a liquidation nomination form on my WhatsApp group before RAG came in. I initially sent that form to the liquidator “ManciKnoop”. But I do not see then in the nomination list of RAG, and I would rather like to go through RAG. What can I do in this case…

Kind Regards
Lucas

    William Grimes · 02/01/2021 at 9:51 am

    You are able to change your nomination to any liquidator of your choice. All you have to do is add a signed cover letter with your nomination form and write as follows: I, xxxxx with ID number xxxx submitted a nomination form for xxxxxx liquidators previously. I would like withdraw my nomination for them and replace it with the nomination form attached for xxxxx liquidators. Add the date of signature and send normally to the email address for the particular liquidator.

      Lucas Swanepoel · 02/01/2021 at 7:13 pm

      Thanks William

Jim · 02/01/2021 at 11:26 am

As I’ve seen a few forms on the RAG website, is the form that mentions “REQUISITION” on the top the only form we the investors need to fill out and send to info@liquidationexperts.co.za at the moment?

    Benita Bosman · 02/01/2021 at 1:35 pm

    Hi Jim

    Yes, that’s all you need to do at the moment.

Wesley isaacs · 02/01/2021 at 5:11 pm

I need too get involved in the liquidation process to get back my btc

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