If Mr. Hope had his way our arbitration claim would be weaker, all the cash would have gone to the noteholders and the share holders would have ended up with nothing.

Now we might end up with nothing anyway but at least by keeping compliant we have forced VZ to default on our MOA rather then give VZ the argument Kry didn't fulfill their obligations.

I have yet to see one argument that suggests our arbitration case is weaker because we remained compliant.

RF has maintained he is looking for a solution that takes care of all parties. What I think he means is he has no intention hanging shareholders out to dry so the bondholders reap all the benefits.

JJ