" Was KRY management Venezuela's suckers or were shareholders KRY mangement's suckers?"
It's sure looking like we shareholders were KRY management's suckers! And we still are. Since Bill Cara knew the outcome, IMO, Robert Fung also knew. And since we now know, how can Robert Fung redeem himself to shareholders?
How? By making no more funny deals, no more options for KRY Management, and making a fair deal with the Noteholders that doesn't fry the retail shareholders but helps KRY get on with Arbitration and getting a fair settlement.