How much the shareholders will get per share owned will depend on several variables involved in the legal disputes in the U.S. We have seen on this board estimates ranging from pennies to $2.50 per share and higher. The pennies per share estimates were floated when the shareholders’ interest in KRY was considered all but dead. The $2.50 and above estimates assume KRY and the shareholders will get all they are entitled to at law and in equity.

Three key variables can generate the biggest return for the shareholders. The first variable is time, since enforcing one’s rights in the U.S. judicial system is generally measured in years, not months. On the positive side, both time and the law are on the shareholders’ side. The second variable is the amount of the award collected from Venezuela. What KRY reported to the Special Master as the amount due by Venezuela is not even half of the actual amount due based on the ICSID arbitration award, the amended settlement agreement, and U.S. law. Going after the BOD/DIP, Tenor and Venezuela for any shortfall would, again, take time but reward shareholders surely and handsomely. The third variable is the amount the court and the shareholders will agree on as adequate compensation for the liability releases the BOD/DIP, Tenor, and et al. would want to get in pursuit of what the Sacklers called “global peace.” Here again, time is money. Undertaking an examiner’s review of what has transpired over the last thirteen years is a time-consuming endeavor, and yet, most definitely highly rewarding.

Shareholders can be sure that low-ball offers will be made on the expectation that there are some eager to take the money and run to the bank seeking to leave this saga behind once and for all. Mind you, I would not discourage any shareholder from doing this. After all, first, it is their money, and second, not everybody has the same time and energy to invest in this process no matter how much rewarding it can be. I would, however, not take the first offer, which as we all know is never the best one. There will be others willing to take your shares seeking a quick profit. Take a look at Rusoro and you will see what I mean. And yes, there will need to be a transfer agent in place for the shares to change hands, but those seeking to buy your share will take care of that.