posted on
Oct 27, 2010 01:52PM
Actually it doesn't matter if they are in VZ this week, next week or they do it by email.
By us following their every movement we are like kids watching the Christmas tree for new presents to appear.
Unfortunately it will happen when it happens. None of the players are stupid. They know the deadline for arbitration and I would have to guess plans are in place should we have to go that route.
The bondholder issue was part of the A&F Agreement so I would ASSume that CRRC would be willing to payoff the bondholders if we needed to do so for arbitration.
They could probably buy up the bonds at 25 cents on the dollar knowing the worst case would be KRY getting costs back which is 500 million. This would make them a boat load of money and we would end up with a buck a share. A loss for some but a profit for many.