I agree. But it can't be total deja vu because KRY needs to go to arb if Chavez keeps balking.

Let's assume the deal falls thru and we have to go to arbitration. Mr. Fung has demonstrated his apparent need to resort to desparation "bought deal" Bay Street financing as of last June, when one could argue that a more prudent CEO would have either avoided financing altogether (with consummation of the "big deal" only weeks away) or pursued a more shareholder friendly method of funding.

How will Fung finance arbitration should this deal fall thru? I'll go out on a limb here and say that the ole pump n' dump Macquarie trick won't work again in that situation. I'm guessing if Fung had a better alternative to toxic Bay Street "bought deal" financing he would have used it last June.

I recall the last public comment I heard Jim Cramer utter in relation to KRY management...."Fool me once, shame on you....Fool me twice, shame on me...Fool me three times.......well...(shrug)..."