[Dave Cleveland]

Hi everyone,
The last time I had my Cobra out, one of the battery cables came out of the terminal and was creating an arc. The car, of course was spitting, sputtering and backfiring. After finding and fixing the problem, I noticed that everytime I turned the switch off, the car would still run for 3-4 seconds before stopping completely. It use to shut off immediatly when the switch was turned off. Also, I noticed that my voltmeter was telling me it was charging an absurd amount of voltage, approx. 15-16 volts continious.
So my question is this: Could the arching that was going on when the battery cable came loose from the terminal have possibly damaged the ignition switch and at the same time taken out my voltage regulator?
Thanks in advance.