I have spoken to the chairman of the shareholder committee about the delay some posters are having. It appears that there are a couple issues with the vetting process that have really slowed things down

The number of requests to opt in has been beyond Gowlings expectations. This has been slowed even further by some requests not including basic information like name or anything identifying they are indeed shareholders.

The joking suggestion that management and tenor may be sending in fake requests to slow us down might be closer to the truth than we think.

For our buddy JC this is from the squirrel board as you call it. This is what they are suggesting that is slowing down the process:

1. Not supplying a brokerage statement showing your name and address and your KRY shares listed on that current statement. You can redact other information on your statement like other assets that you own unrelated to KRY.
2. Not supplying a valid government ID; drivers license or other form of picture ID.

On a more inportant matter, the chairman made it clear that the committee isn't sitting around while there is a delay with the opt ins. He wanted people to know that they are following their mandate as set out in the court documents. (No I'm not going to look them up and paste them here. Someone else can, I don't have the time) That mandate includes looking after the interests of the opt ins when that happens.

Gowlings takes instructions from the committee and they will be headed to court asap following up with what was laid out in the court documents. The two I rember without looking it up was the interest rate was above the allowable amount under Canadian law and shareholders were supposed to be offered the opportunity to participate in the 4th dip and that didn't happen. I certainly was informed I could invest and make over the legal allowable interest rate of 60% (isn't that a sic rate)

There could be other things but that is the two I remember. So while it appears there hasn't been much happening there really has. I do know the Canadian legal system doesn't work full time in the summer because of holidays.

If I hear anything else I will post it.

JJ