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The recent epiphany by those who previously argued pro-company is, sadly, too late.

Grab was approved by the court December 18, 2014. Now leaves about 11.78% for revoked shareholders. With probable backroom shenanigans of share restructuring or additional "loans," along with CCAA's uncaring for shareholders, there is huge doubt shareholders see any crumbs at all. These guys have been restructuring in plain sight right in front of everyone, and covered themselves perfectly, step-by-step, under the CCAA umbrella.

Biggest RED FLAG in this disaster was when Crystallex management had the court cancel the AGM's, and it was poo-poo'ed and justified here as a means to save money to fund arbitration. Many were fooled. Now, with only crumbs left, all of a sudden they woke up.

Shareholders are held accountable for management actions under CCAA. From THIS LINK about shareholder rights under CCAA..."Shareholders were in control of the management of the company and led it down the path the insolvency, where it was unable to meet its obligations to the creditors."

The time to act was when the AGM's were cancelled. Can't control management when you can't meet with them. Unfortunately, there was plenty of feel-good argument here that shareholders were being represented through Reyes, which is exactly what management and Tenor wanted everyone to think. Kept everyone at bay. Management played it perfectly.