2. Gowling sue and win and all shareholders get the same improved settlement, opt ins pay Gowling their fess, all shareholders pay Crystallex and Tenor legal costs for their loss

I think we all know that there is a long way to go and many other options that may come into play besides the 4 you have listed.

You seem to argue in favour of the opt in committee based on losing everything. This is wrong. I think you know that if Tenor tried to take all the award the opt in agreement is not a good mechanism to fight it. And it appears that Tenor know this is not feasible as they have granted another extension of the various credit agreements without penalty. They could have pushed for further compensation but rightly chose not to. Some might think that was generous of them.

My arguement for opting in is not based on losing everything. Losing everything was the foreseeable outcome had the ad hock committee not been formed. Had all shareholders taken your advise and done nothing we would have had nothing. The only reason Tenor hasn't taken more is because it would look bad when the real court case begins.