we've all discussed arbitration and bondholders...

one thing that has kinda gone unsaid is: if we file for arbitration then the bondholders would have to get paid immediately anyway...right? it's a material change in the project/business.

so, even if we put aside the "rumors" that a negotiated settlement with the bondholders has been reached (personally i think there is something to the rumor) the fact remains that we've finally reached a boiling point with regard to arbitration or buyout.

as a few have already mentioned, the real "spider" in the woodpile is if ven actually grants a permit now. initial financing might not be easy to obtain..personally i'd buy with both hands because imo hugo wont be around past 2012 and a permitted kry in ven with a new govt sounds good to me...

regarding kry's financial ability to remain in business throughout arbitration. i dont see any problem there. after ven operations have ceased would'nt the cash burn per year be pretty negligable? $10mil per year? if vannessa could do it then i have no doubt kry could do it...