...not whether or not he is concerned about making money.
It's the 11th hour. At this stage of the game, sitting in the office waiting for the phone to ring or sending out exploratory feelers is no longer an option.
Shareholders being kept in the dark with a constant drumbeat of nebulous PR well beyond the point where an arbitration action could have been initiated reinforces the assumption that something positive must be going on.
If nothing is happening, meaning Fung is not in final negotiations for some type of resolution (JV/buyout) or has no real prospects for raising adequate funds to see KRY through arbitration, then he is being totally irresponsible for signing off on the present PR.
Fung's reputation will take a serious hit not only because he was involved with a bankruptcy but also because of the way he orchestrated events under his control.
An experienced, successful person like Robert Fung simply would not allow himself to be trapped into this position!