I have always thought that even though I have used the term selling the contract it was actually selling Kry. Any aquirer would want the equipment so the easiest thing would be to sell the company. This would give share holders a cash buy out and make the question of what will Kry do with the money moot.
If it works out that Kry isn't sold and just the contract is sold you may be right about having to watch the market closely. I'm not sure if share holders would even have a vote in selling just the contract like they would with a share offer.
I guess we will find out soon enough. Only 4 weeks till the end of July when Kry and the note holders have to return to court. My bet is that we have an asnswer by then. Be careful though I also bet we would get the permit years ago.