I have read some of the material regarding China Armco before and that seems a bit different than what occurred regarding CTT unless someone could prove or show that Crisnic had a hand in the price drop. However, since they did not seem to get more stock, but rather never purchased stock for the price agreed upon the situation may be quite different.
Personally, I would leave the Crisnic matter to CTT management. As to CNAM and others, what might be their chances with an off-shore company?