Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Re: KRY PR
2
bmh
Nov 17, 2009 11:40PM

Nov 17, 2009 11:55PM

Re: KRY PR

in response to by
posted on Nov 18, 2009 01:01AM

Unfortunately no, it doesn't. A company can file for arbitration but according to the rules of arbitration, if they become insolvent before the conclusion then the case would be dismissed.

This was the major source of my frustration because RM would not answer this part until I pressed him hard. KRY can file and legally is prepared but they have not secured the financing to see them through the end. When we were at .25 with no apparent interest I was concerned.

All this being said, I think the huge buy-in these two days makes this less of a problem. If negotiations go bad and KRY has to file arbitration I think there is sufficient interest in the company now that they would be able to secure it.

2
Nov 18, 2009 10:22AM
Share
New Message
Please login to post a reply