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Message: Re: More dilution - and failure of KRY to issue PR re CVG Mar.2 Letter.

Re: More dilution - and failure of KRY to issue PR re CVG Mar.2 Letter.

posted on Apr 02, 2009 10:14AM

Very good point. I think the bond holders are just as fed up with the delays as we are and just want their money and who can blame them. I see these financial advisor's as being deal makers that will get the bond holders to waive the control issue or will find others to buy up the current debt.

My feeling on the matter is that if a deal can be struck with the current bond holders that allows Kry to be more flexible in dealing with the change of control issue it is our best interest to do it.

This opens up a JV or multiple JV with whom ever. This buys time to allow for arbitration to work if we get that far.

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