Re: Wave of violent protests over repressive rulers, Attencion: Venezuela, Cuba

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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

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GWhatesmidgets

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Re: Wave of violent protests over repressive rulers, Attencion: Venezuela, Cuba

in response to

Re: Wave of violent protests over repressive rulers, Attencion: Venezuela, Cuba

EZ Street

posted on Jan 29, 2011 11:33AM

Well we owe the bondholders the 100 million whether CRRC steps up to the plate or not. So seeing as we don't have that money currently, I would suggest they will either have to settle for the proceeds of selling the equipment for say approximately 40 million (+-) less the cost to sustain us through arbitration of 2-3 years.

Maybe they will settle for total ownership of the company as may be directed by the courts or negotiated with management....as in shareholders are S.O.L