For now it depends on the bondholders but Crystallex does not have the funds to make the payment for January 2010. Any number of scenerios can play out but if arbitration comes, whoever puts the cash up for litigation will want a meaningful piece of the settlement, assuming one is obtained. (which I believe will occur if arbitration happens)

I am hoping, and it is only hope, that a settlement is reached and no arbitration. Logic, facts, and business acumen seem to mean very little to the decision makers in VZ.

I would think we would file for arbitration in the next few weeks or have some sort of news (hard concrete tangible) that would indicate serious negotiations toward a resolution.