Concerning the noteholders DIP loan offer - which they better get with the program and sign the NDA by tomorrow if they want to stay in the game - it is interesting that the Noteholders (Page 6, Para 20) terms for lending only $10 million, for nine months. Gives the impression that the noteholders just want this over and get paid, by giving CRYXF plenty of time to get the job done on the refi/offering over the next nine months.

But, more interesting is that the noteholder terms are without the, up to, 49% "Lender Back-End Entitlement" of company equity interest (dilution?) ownership. Seems unusually reasonable considering the previous hard ball hostility.

Company keeps throwing around the 49% give-away.

Posturing. Strike a pose. Vogue.