DIP
posted on
Dec 27, 2011 08:37AM
Ahhh.....so the noteholders want to be the exclusive provider of DIP financing to kry. I think this confirms my earlier assumption that the noteholders' voracious litigation against kry was merely to gain more leverage in order to negotiate for themselves an unreasonable portion of the arb claim. The essence of greed. The fact that they want to give kry more $$ demonstrates we're not the only people who believe the arb is going to create substantial value. I'm glad Fung rebuffed their attempt. As I said before, the arb claim is just too big to go up in smoke. I bought more last week and I'll try to buy more thus week.