This is the next step in the process. If the proffer is accepted, then we will be able to have the dispute arbitrated. If either party refuses arbitration (which I believe we certainly will), an impasse will be declared and we will enter the 30 day cooling off period. During this period, intense negotiations ensue to try to reach an agreement. At Midnight on the 30th day, we will be released for "self help". This is when we are free to do what needs to be done.

So, in other words, the proffer for arbitration is just a formality that we have to fulfill in order to be released.