Anything can happen in court.

The "no distributions" refers to not paying out to equity-holders until all other debt is paid first.

Current shareholders are not losing out completely, in the respect that shares are not being cancelled - which seems to happen quite often in CCAA.

The noteholders apparently want a straight 15% simple interest on the Notes, and 15% (possibly more depending on Arrangement/Compromise settlement) of the arbitration award. Anything above the 15% of arbitration award would be on another Crystallex delay.

Tenor is getting more than 15% of the arbitration award, for substantially less loan amount.

First it was Venezuela running the company out of money, and now it is the Bondies.

Blame for this whole situation - the delistings, the no trading, the CCAA, the loss of shareholder equity - ALL of the blame rests squarely on the shoulders of Crystallex Management, and no one else.