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.
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