A "Project Change of Control" is defined as "the occurrence of any
transaction as a result of which Crystallex ceases to beneficially
own, directly or indirectly, at least a majority interest in the Las
Cristinas project asset." No such transaction has occurred and
Crystallex will accordingly vigorously defend itself. In particular,
the claim relies upon press reports and similar non-official
communications which attribute comments to the Government of
Venezuela suggesting they intend to take control over the Las
Cristinas project from Crystallex

So the proximate cause of the bondholders action was that now discredited Reuters' article of 11/5 or 11/7.

Looks like the noteholders are now as disturbed as we were at the time. Too bad they don't follow this forum. If they had they would have realized the news report was bs and their action is premature.

So both lawsuits should be non-issues and we're still in the hunt; for gorilla that is.