I don't see it quite the same or as strongly as you do but I am beginning to wonder if/how an arbitration could/would be financed.

I believe if arbitration is filed all equipment would have to be sold and proceeds paid to the noteholders. I am trying to figure out how can the noteholders be satisfied and have enough cash to manage the 3-5 years of arbitration expense.

Anyone have a plausible idea?

I guess I figured on some form of resolution (at least the cash already spent in VZ). Looking for some wording in the filings that I can hang my hat on.