Gowlings has already indicated that they only represent the Shareholders Committe, which is composed of seven relatively small shareholders considering the 400 million shares outstanding. To validate this, just take a look at the service list for the counsel representing the parties to the case and see who Gowlings is indicated to represent before the bankcruptcy Court.

Thus, the opt-in shareholders are coming along for the ride with the Proposed Shareholder Committe members (which was not appproved by the Court). In the eyes of the Court, all the shareholders without direct representation before the court are represented by the company's Board of Directors.

When you look at the Service List, also take a look at the entrieds related to:

BLANEY McMURTRY 2 Queen Street East, Suite 1500 Toronto, Ontario M5C 3G5

Lawyers for the Members of the Ad Hoc Committee of Shareholders

and

THORNTON, GROUT, FINNIGAN Barristers and Solicitors Canadian Pacific Tower 100 Wellington Street West, Suite 3200 P.O. Box 329, TO Centre Toronto, ON M5K 1K7

Lawyers for Juan Antonio Reyes (a KRY shreholder)

How come there are two different Shareholders' committee represented before the court?