MM2 are you saying that someone wants this to happen after the election?
Copied from MOM's post-
The process to complete that partnership is underway and will
include the signing of a definitive agreement, a request by Crystallex
for its shareholders to approve the transaction followed by closing a
short time later. It is now anticipated that the shareholder process and
closing of the strategic partnership agreement will take place in the
4th quarter of 2010.
IMO- This does not preclude the possibility that the signing could take place in August nor does it preclude the mailing of the agreement to shareholders before September. I am hoping we still get something done in August.
Could the "Shareholder process" refering to the shareholder vote more than anything else?
Because if the "shareholder process" includes the mailing we are looking at Halloween at best for a closing.
The Sept 10 thing is interesting because it is about the only thing that is different, everyone forgot to mention that it is 2.5M @ .4CDN (not .2CDN)- That changed also.
If you disect the repayment paragraph you will find that this debt has to be paid off in shares as this 2.5M loan "ranks subordinate to the Notes". That's 6.25M shares- So why would anyone agree to taking shares in lieu of 2.5M in a worthless company?
Reading that Q2 was scary and Halloween could be the next big date! After all today is- Friday the 13th.
Boo!