Bill....I'm like you. My average is $1 and........ if KRY can raise new debt to pay off old debt and thus avoid bankruptcy...... I still don't see myself selling at 60 cents.

But I also don't see this stock jumping to 60 cents and above if KRY announces new financing because, as EZ stated, it's just debt replacing debt and unfortunately the market knows any windfall coming to KRY must first go through the sticky hands of Hugo Chavez so it could be a very long wait. I think the market is ignoring KRY and will continue to ignore KRY until Chavez is dead and/or Ven starts paying off for the last few years of "nationalizations" aka: thefts.

If KRY can raise the new money a lot depends on the details of the deal but I'm afraid it's not enough to know what % of the arbitration pie will go to the new bond holders. That's because we don't know how much that arbitration pie will be.

X% of what is the question.

Nobody knows. Therefore until Ven starts paying off big arb cases like Exxon and smaller arb cases like GRZ I'm afraid it's impossible for us (and the market) to guess as to how much we might win and therefore how much we (retails shareholders) might get to keep after the new bond holders get their %.

For me, for now....I'm holding on (past any announcement of new financing) in the hopes of getting back my buck a share.

Cividale