Unfortunately no, it doesn't. A company can file for arbitration but according to the rules of arbitration, if they become insolvent before the conclusion then the case would be dismissed.
This was the major source of my frustration because RM would not answer this part until I pressed him hard. KRY can file and legally is prepared but they have not secured the financing to see them through the end. When we were at .25 with no apparent interest I was concerned.
All this being said, I think the huge buy-in these two days makes this less of a problem. If negotiations go bad and KRY has to file arbitration I think there is sufficient interest in the company now that they would be able to secure it.