Kry does have the money by selling the equipment. Once they file they will sell the equipment and make the interest payment. They will cut expenses to the bone and let the lawyers go to work. They also have the option of buying the debt at a reduced price if the bondholders really want out badly.

If the reports of Agapov buying debt at .30 on the dollar are correct then maybe Kry can buy the remainder at say .40 on the dollar. This still would leave enough money for arbitration costs.