I don't think Fung will accept 1 billion. IMHO the whole reason Fung specifically mentioned in excess of 2 billion at the AGM was to let everyone know the floor price for arbitration. We have know for a long time that the Russians were involved in trying to screw us out of a fair deal on LC. I find it very interesting that all of a sudden we are seeing news that the Chinese are also in the mix.

I still see Kry getting closer to 2 billion than 1 billion. Most investors would take almost anything over a buck right now but I think Fung wants closer to a discounted real value to settle now rather than to go the arbitration route.

I wouldn't surprise me to find out than Fung got the Chinese into the mix by having them pressure Hugo with the investment loans.

For those of us who have been hear a long time and have averaged down we will make some real money when everything is said and done.