He said that we should know in the next couple of weeks if VZ is serious about getting a deal done. He said the Chinese want to complete transaction and are actively working to achieve this goal along with Kry executives.

He said once we file arbitraion we will walk away from property and cut expenses. We have cash on hand and equiptment to sell but will have to deal with bond issue that is due at end of year.

His mood could only be described as Charlie Brown after the ball has been pulled away for the 20th time.

I asked him what is the amount of damages we will seek in arbitration and he refused to provide an answer at this time.

It seems clear that something big will happen in the next couple of weeks or nothing will be done and we will file.