JC, my feeling and of course I may be wrong is management will indeed give noteholders some amount of the pie in order to emerge from BK. It appears to me they went for a homerun always knowing they could settle for a nice double. I believe the sept 11 date may have been pushed backed to accommodate the appeal decision and a plan can be agreed to at that point or soon after. One may think management can just ignore them but I think management wants out of BK as it will help with the possibility of having to raise more cash down the road. The noteholders should want crystallex out of BK as much as management if they lose appeal. It appears obvious to me that note-holders handed the DIP off to tenor in advance after they were offered the same terms but declined. It implies to me they may be allowing new money a bigger stake in exchange for allowing their escape. It also appears to me if note-holders keep crystallex in BK it will cost them them a small fortune as their bonds remain illiquid. My question is the cost of making a deal with note-holders? Will it be 15% pik interest, 15% dilution or maybe a combination of both. Other factors to consider is the effect dilution will have on tenor and management. Your opinion and others appreciated.