Crystallex International

I have been away for five days and haven't been able to read all the posts or all of the new documents on the E & Y site and thus may be asking a question that has already been asked. Tenor proposes to give KRY 35 mil for 22.9% and it also wants to convert its 100 mil loan to equity. It also proposes giving the shareholders 14% of the remaining equity. Thus, am I correct that the noteholders now want 86% of the equity and hence almost 86% of the arb award for themselves? Also, isn't this similar to the 80% that I seem to recall the noteholders previously proposed with the shareholders getting 10% and management 10%? And I thought only Tenor and management were greedy?