St. Elias Mines

It is correct that SLI shares bought previous to the cut off date are the only ones considered for 20/1 Havilah shares. However I would hope that when the time comes to distribute the Havilah shares that it be necessary for the SLI shares to remain current in your posession in order to continue with the issuance. I dont see the justification of being issued Havilah shares if you don't own St. Elias. That may not be the case, but I don't feel that anyone that sold out prior to distribution should be entitled. But thats just me!