The short term loan share conversion is limited:
"Subject to regulatory approval, the lender has the right exercisable for a period from May 31, 2010 to November 30, 2010 to cause the conversion of any amount of the unpaid balance of this loan into common shares of Crystallex at a price per common share equal to the greater of Cdn$0.20 and 95% of the 5 day volume weighted average trading price on the Toronto Stock Exchange of thecommon shares ending on the date of conversion."
I assume the 2010 AGM will be on roughly the same date http://www.crystallex.com/News/Events/EventDetails/2009/CrystallexAGM09/default.aspx
Can a vote be taken to approve a Joint Venture\Buyout deal at the June AGM (in lieu of a Special Shareholders Meeting) as long as appropriate shareholder information is distributed beforehand? If this is the case, I wonder how far in advance of the AGM this information would have to be distributed to shareholders. I'll assume at least one month unless someone has better infomation.
If I was a "strategic investor" looking for more shares, I think I would want this to happen 'sooner rather than later'. Are shareholder ballots being printed for mailing as we speak or are we still waiting for El Piggo to make up his mind?