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jcwillis

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jcwillis

Re: None

Wednesday, 03/13/2013 12:54:27 PM

Wednesday, March 13, 2013 12:54:27 PM

Post# of 319
March 11 Monitor Report, Number Nine...

Link to Monitor Report Number Nine

Highlights:
* Company/Tenor and Noteholders optimistic about resolution;
* Response date for resolution & Stay ends May 17, 2013;
* Tenor considers Crystallex triggered an "Events of Default";
* Tenor has no obligation to continue funding to Crystallex;
* Crystallex apparently out of funds, but will get $3MM from Tenor;
* Projected cash flow of $3MM to last until May 17, 2013;
* Tenor decides to continue funding or not on or about May 17.

No comment or opinion other than this is not good for commons.

GLTA
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