Well I do not think it is bad news. Except looks as though the Canadians wont be trading next week, sorry.

I have no Knowlege of Canadian BK Law but, the language sounds like there is a court / law expectation for CRYFQ to publicly announce to any entities that would have made a claim (had they gone bankrupt) now must come forward and submit their claim. This would be the claims procedure that is approved by the court (See: to all known creditors dated 23 December 2011) for all creditors Known and Unknown. The language is worded like- say something now, or forever hold your peace.

This is good because it moves us down the road in the process to wrapping up.

The Paragraph about the bondholders and Crystallex is perplexing. Obviously the Bondies are not taking this to scortched earth at this time. The bondholders have not agreed to a deal now, IMO they want the judge to decide later (maybe they get more then with a favorable award from the ISCID). I guess the court could let CRYFQ exit the BK protection with no agreement with the bondholders in place other than "we agree to disagree"

It will be interesting to hear what all of you think about this.