KRY's financial filings stated we have cash to fund ongoing operations into Q4. We are in Q4.

We also know there is a noteholder action pending for $100 million so that takes care of the equipment value. This is not absurd.

As for GRZ, there is a difference because while they have $100 million in debt they also have $100 million in cash and their creditors are not calling the note due while ours are. They could pay off the debt and be clean though granted they would not have cash then for arbitration but I would guess their creditors understand this and feel there is more value in waiting.

We had $13 million as of the last filing so there is no way we could pay off the noteholders. And they ARE calling the note due. They may be persuaded to wait and then KRY could sell the equipment to fund arbitration but that is a big IF at this point.

I think you need to take off the rose colored glasses and look at reality. This situation is NOT good.