Folks,

The point of the option to CRRC for shares is for Crystallex to raise cash. Buying shares on the open market will not accomplish the result stated in the Binding Agreement. The shares will come in the form of dilution that was discussed previously. It is possible but not probable that CRRC ends up with no stake in Crystallex. This will be clearly spelled out in the elusive signed A&F Agreement that is 2 1/2 months past due. At least that is my take.

Read section 2D and 3Ai 2nd paragraph to understand the possible quantity and timing.