Wayne,
My own personal experience is that on the 1st distribution I received only 1.5% then on the 3rd distribution they "Trued" me up to a total of 72%. I read articles at that time that some did not get anything at that time. Just read that in the UK (which has said they have found all of the money) that they are giving out 26% as they have not received nothing over there at this time. The UK said they would of given out about 42% for the first distribution, but the US is saying that about 700 mil belongs to US traders that were trading in the European markets. Therefore there is some international fighting going on. I also believe that those that held physical metals like gold and silver are fighting to get their money. Silver was alot higher when MF went tits up, and they frooze the physical metal even though it never dissappeared. It seems like it became like any other asset and it may be kept and liquidated as part of the bankrucpty and given out to creditors. Imagine that. Calling up and and saying is my physical gold there and them saying yes, but it is now part of the bankrucpty and you are just another creditor standing in line.
If one looses 30% of an account on one trade that is a big time loose, and one will kick themselves in the butt. Now imagine loosing 30% of an account and never placing a trade. You want to kick someones butt.