Osmo, it really doesn't matter if it is 10x for the outcome.

Let's just say for a second that we dilute up 100% to finance the arbitration and we get 1.8 billion. The 36 million shares becomes 72 million and are worth $25 a share (same as $2.50 in the old shares), less $100 million in notes plus deferred interest if that happens.

On the other hand, if things go horribly wrong, the new shares are worth $0 (same as $0 for the old shares).

All depends on getting the financing to survive the arbitration, which is much easier of course if the noteholders get on board. That would be the truly big news: noteholders reach reasonable agreement with Crystallex.