midas, i may get criticised here (it would involve serious dilution) but....
i'd be ok with a deal structured like this....an investor gives us a credit facility of up to $200mil for a new issuance of preferred shares....kry would trade the newly issued shares as needed for operational expense until the ven situation changes.
i'm no "li ka shing", but if i was.....i'd be thinking for $200mil i could be sitting on a (40%?) piece of LC that would most likely come on-line in the next few years...worst case, kry goes to arbitration and i get most of it back....
kinda simple but i can see where it works for all involved...