Midas
I agree completely with your comments. KRY is 11 working days away from Q4. The cash burn rate gets KRY up and through September. For the company to continue either to file arbitration or to continue working with the Vennies requires a cash infusion. One would think that obtaining the cash at this late stage has already been accomplished. What appears strange is that, as you suggest, no comments have been made either about a survival plan or some form of engagment with a JV partner. My thinking is that the release of information on the cash infusion is possibly tied with negotiations and the release of information could possibly refer to both.
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