Gump ..... After 20 hours, I still don't understand how & why only Ken is "illegal" but not VALE. The law should be applied equally to both parties since the agreement involves all shareholders of both companies. Lots of people may have bought VALE shares because of the option-agreement with KAT. So, "material facts" should affect shareholders of both sides. Not just KAT shareholders. Yes, KAT shareholders may get more piss'd than the VALE shareholders, still affected more or less the same way. What would be the penalty for not letting shareholders know about the truth in case it is true ? Seems quite complicated to me. Thanks for explaining this matter. Have a nice day.