Correction: Bondies wont have CVR of 57% , rather 22.9 % of additional equity and if they don't roll the debt a conversion of the $104 million will convert into common shares leaving us with 14% .

However, if the they just roll the debt instead of converting for equity we are in fat city .

We are that close to a deal and I suspect a "comprimise" could be made at the last minute and Nuebold would favor bondies offer vs Tenors allowing CRYFQ to emerge from CCAA protection .