Sasa, Actually, I think that what we want is a contested hostile takeover. I've always been concerned about RF being able to negotiate some sort of sweatheart deal that wouldn't maximize shareholder value in the case of a "friendly" tender offer.

Tradewinds is just about maxed out on their buying as they hold 18.47% and the shareholders rights statement prevents anyone from holding 20% without invoking a lot of the other conditions of the shareholders rights.

"From KRY SEDAR filing (July 3) it looks like Tradewinds has increased it's holding to 18.47% of KRY

I wonder what the motivation for that? I'm trying not to think "hostile Takeover"