Lastly-
If Yeung wanted to, I'd bet he could issue a dividend in the Quadriga subsidiary to MSEM shareholders of the Nov '06 record date before Keaveney buys it for $200; simply stating that if the registered entity ever goes public, that, say, 21,500,000 shares of Quadriga should be distributed on a 10 to 1 basis (as there were roughy 2,150,000 shares of MSEM after the RS) to shareholders of MSEM on or before the old record date.
Now THAT would be something, wouldn't it?