crf sp, page-23

I posted this at CRF but theres not much activity over there and its relevant here as well.
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Appreciate it of someone could clarify this for me:

1. We get 1 CRF for every 5.29 CERs which we hold ?
2. When do we actually get the CRFs
3. We dont yet have our CRFs so who is trading them today? (where did these CRFs come from?).
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5.29 x 32c = $1.69 and the currect CRF price is $1.78 so thats a 5% increase which is better than a slap in the face with a wet fish.

Position: Hold CER, dont know if I hold CRFs yet