We know that VZ (95%), noteholders (4.99%) and opt-ins/Gowling (0.01%) have been the main culprits regarding delay and "bleeding". Tenor (and their lawyers) have and continue to try to get this done as quickly and with as little cost to shareholders as possible. Tenor are not and have never been a white knight for shareholders but they are not the enemy.

Fung is a different matter. Who chose to delay going to ICSID when GRZ did? Who chose CCAA over financing? Who negotiated a MIP to the detriment of shareholders with threats of withholding involvement in the ICSID case? Greed and incompetence have been pervasive throughout the Crystallex saga (throughout the Las Cristinas saga). Shareholders, noteholders, Fung, management are all guilty of those (but Fung is at the top by far). (Greed and incompetence (aka pride) are pretty much responsible for all the ills of the world).

As for timescales, a few years back someone said it would be 10 years (and was ridiculed/attacked) and I warned that in Argentina similar cases took 5-8 years - that would mean 2021-2024 (the award was April 2016). In comparison Tenor was fast tracking this until Guaido's activities forced this to the Supreme Court.