I am really curious to know why you think Oppenheimer is a huge asset to the case or why he is justified in receiving $30,000/mo. I just don't see it. In other words, what can he do for us from this point in time forward to justify receiving that money in the future? There is very little that remains to be done. KRY has filed its opening brief. After Vz files its by Aug. 13, KRY then has until Jan. 8, 2013 to file its 2d submission. Is he being paid $30,000/mo. so that he can assist the attorneys in writing KRY's 2d submission? I seriously doubt it. The attorneys have all the facts they will ever need and if they have any questions, they can ask Fung, who also is taking our money w/o justification. So what can Oppenheimer do for us? Can he negotiate some brilliant deal with Vz or the noteholders while the arbitration is pending? I doubt it because he has not done anything similar in the past. When he was last on the BOD he received $20,000/yr compensation and 25,000 options annually. How could he be worth $20,000/yr annually when we had plenty of money and $360,000 yr now when we don't have a great deal of money and when there is very little that he can do for us? As to having enough money to see us through the arbitration, that may be KRY's estimation but personally I don't put a great deal of stock into their estimates and would rather they act conservatively.

In terms of what oversight the court should give to the company, the court has an obligation to the creditors and the shareholders to see that the company does not unwisely spend its money. That is inherent in its oversight powers when a company seeks CCAA protection.