CJR - IMHO I think even in a worst case with a permit completely rejected and the only avenue left for KRY was the legal channel we would (after an initial shock drop) end up right back where we are today. Prior to VZ re-starting discussions that was the general sentiment and we hovered in the .74 to .78 range with that scenario priced in.

I am as frustrated as anyone here even though I have been trading in and out and building my core since April 30th. But I think we are a long long way from even considering the legal channel. VZ has its own agenda and none of us know what it is, but nothing has changed in regard to our situation. I'm sure most of the delay is political as it would be in the U.S., and when the opportunity is most advantageous, things will happen. All that has transpired before and after the denial would make it very very hard for VZ to defend their position in court.

Emotions, which are the bane of investors and traders are creeping in to this board...exactly as big money wants to happen. Right now KRY has one of the best risk/reward ratios I have ever seen. It is my largest position ever and if I had money to spare I'd be buying left and right.

Everyone needs to take a deep breath and ask two questions:

#1 - Why am I invested in KRY?

#2 - What is my time frame that I am willing/able to wait.

Change only when conditions conflict with these two questions. Stop speculating on ever word and possible translations and stop coming up with reasons why this weekend it will be announced. It will happen when none of us expect it IMHO.

In the meantime, there is a whole lot of money that can be made in the markets if you are willing to jump and and out. Personally I have been making a boat load with 1 and 2 day time trades in beaten down stocks with more volatility than KRY. Maybe that distraction will help ease the tension and relax the anxiety.

We are a long ways from defeated and I think things will work out though our waiting time is far from over.

Keep your chins up and don't lose focus.