I have been using this board for the last few years mainly to pick up any information that I might find useful. For those that provided all the DD, I thank you. I email Richard about once a month and I'm more than willing to share if anybody is interested. Anything Richard says you have to take with a grain of salt. With that being said, I ask him this morning when he thought the sales of the mining equipment would be finalized. His response was as follows: "The company is in discussions/negotiations with other groups and is shooting for sales in June/July." Obviously, restructuring/refinancing the notes that are due in Dec is the immediate and primary goal if we (shareholders) are going to benefit from an arbitration award. With that in mind I asked Richard if the company was trying to restructure/refinance the notes with just the existing noteholders or are their other options? His response was: "The company has had discussions with reps of current note holders regarding a restructure and investment banks and new potential investors regarding a refinance."

The last question was realted to how Crystallex was going to finance arbitration going forward. His response was as follows: " The equipment should generate approx. 25-30 million which should be ample working capital with G&A now running around +/-6 million ex debt servive and extraordinary legal expenses. I believe other companies have estimated the costs of a fill ICID case to in the order of 6-8 million over the life of the case."

I did ask some questions regarding potential bankruptcy but as you might guess he indicated "the company has not discussed or considered bankruptcy and is focused on equiptment sales and the debt refinance/restructure."

I don't know if any of this helps but I am more than willing to share other emails as Richard responds.

Thanks again for all of your DD!!