Your legal thoughts are always willy-nilly just as your interpretation of who constitutes a natural born citizen under the US Constitution. Here it is more concisely.
All legal maneuvering and appeals have to be exhausted by LTC Lakin;
And to include time for a possible pardon by the next president, whether he/she is a Democrat or a Republican. The bet will only go on for about half of the presidential term that starts January 20th, 2013 until December 31st, 2014.
If Lakin's conviction is not overturned by December 31st, 2014, or he has not received a pardon, I'll pay FR $100 dollars.
If at anytime from now to December 31st, 2014 that LTC Lakin has his sentence overturned or he is found not guilty or he is pardoned by the President, you pay $100 to FR.
Deal.