runs, it's called "waiver of default"....take a look at "infinito" since filing for icsid....

the noteholders will pretty much not have a choice...OR a new entity (that plays litigation) will take on the debt....

in the end arbitration would mean a long wait, dilution, crap financing terms, etc....

i believe our price pretty much reflects this...i'm just waiting to see if fung can pull a rabbit out of his ass and come up with some cash by march....i really believe our best course of action now is to sit and try to wait out hugo....i was screaming for arbitration over a year ago but our cash position is a whole lot different now...