http://finance.yahoo.com/news/China-shops-for-Latin-apf-600270401.html?x=0

I just noticed the following on page 9 of the information circular in the first paragraph below point 5, (and didn't see anyone mention it here):

“Under the CBCA, the Share Consolidation Resolution requires the approval of at least two-thirds of the votes cast present in person or represented by proxy at the Meeting” The individual shareholders most probably control at least 1/3 of the shares

Everything else, like the options share approval, is simple majority.

I'm voting against the options, (for obvious reasons) and against the reverse split as I can see an $0.11 share drifting downward another 50% or so. IMO, a repriced $1.00 share could drop another 75% or more.

While delisting is an inconvenience as to liquidity, what does it really matter at this point? It seems that most of us still here are waiting for the final chapter.

I don't really agree with the arguments in favor of the split:

• 
  avoid delisting: what gets delisted can get relisted. This takes care of the presumed need to be listed for Chinese access to the AMEX.
  


• easier to make a deal: is it really? valuation is valuation and market cap is market cap

This is the link to the actual treaty between Canada and Venezuela. http://www.sice.oas.org/bits/caven1_e.asp

While the PR did ask for either the reinstatement or compensation, the treaty talks about either compensation or return of seized property -- but KRY didn't lose property that it claimed to own. KRY is asking for the reinstatement of a contract. The relevant clause states that the reward can only be compensation or the return of seized property.

ARTICLE XII: Settlement of Disputes between an Investor and the Host Contracting Party

9. A tribunal may award, separately or in combination, only:

1. 
   
   1. monetary damages and any applicable interest;
   
   
   2. restitution of property, in which case the award shall provide that the disputing Contracting Party may pay monetary damages and any applicable interest in lieu of restitution.
   
   

A tribunal may also award costs in accordance with the applicable arbitration rules.

Where an investor brings a claim under this Article regarding loss or damage suffered by an enterprise the investor directly or indirectly owns or controls any award shall be made to the affected enterprise

"According to RM all of our sensitive information is locked away. I would want to ask if they have it all or just parts of it"

great question for whomever is next to speak with him

Michael, I guess you believe there are no issues with software copyright infringements in China either?

EZ,

The Venezuelans already have a complete mining plan as getting the plan approved was part of the permit process.

I bet that the Chinese have their own copy as they were getting ready to proceed.

The fact that it wouldn't be exactly legal to use someone else's intellectual property, would give either one of them only slight pause.

Afterall, we had a complete set of PDG's plans in our possession, (not speculation as I personally saw it). When documents are being submitted to various government agencies, (not just in VE), they just aren't that secure.

I still believe that a buyout is the most likely scenario, but I was responding to a question about whether they could proceed without us.