I don't have the energy to make a long post but here is what I know. KRY was paid $500M as part of a settlement deal. It was $180M cash and $320M in bonds. That is why the amount is down to $990M owing according to Kry. What they don't tell you is the bonds are worthless and VZ broke that settlement agreement. That agreement had a clause that if broken interest would be around 5% not the 1% listed for Kry. What should be deducted was the $180M that Kry is spending not saving and the bonds returned.

This is why Adelso has gone to court to ask for an examiner. I believe Adelso is dead on with his figures. He is also dead on with Kry giving VZ our mining data worth over $300M that belonged to shareholders for nothing. It wasn't listed as an asset to the BK court. We need an examiner to look at the books to see what Fung has done.

We know the reason Kry and Tenor have not pursued all that is owed. It would mean they are breaking the usury rules which is a criminal offense in Canada. We can't make Judge Stark look at it but we are hopeful that Judge Silverstein who controlls the distribution of money leaving her court will.

There is so much more to getting to $1.8B or $2B to post here. It is also why I still believe the auction never goes ahead. To avoid Silverstein looking into what Kry and Tenor has done I believe they will attempt to reach an agreement with shareholders. It is also the only way they can get to use the tax losses.

Ok, I'm too tired to continue but rest assured if we get the hundreds calling in the court will take notice and our support of Adelso will matter.

JJ