This just speculation on my part but I think the reason we don't have financing agreement yet has to do with the buy out of the current note holders.

I seriously doubt the will receive all 100 million. If Kry was to go bankrupt the note holders would get very little. I imagine the discusion is how much will the noteholders take for a buy out. Much of the debt has been bought at much lower prices than what a 100 million payout warrants to put them in the money.

If the payout is 50 million instead of 100 million then out costs and dilution will be a lot lower. I would love to see this wrapped up with enough money to see us through arbitration but if waiting reduces the amount we owe then I will wait.

JJ