latebird

I would like to respond to your post.

Crystallex's corporate governance stipulates that there are only two individuals 'responsible for directing all communication with securities regulatory authorities and stock exchanges. That would be the CFO and Corporate Secretary. These two individuals 'have the day to day responsibility' for initial analysis of 'materiality of developments'.

The company is responsible to inform the stock exchanges of pending news when material information becomes known to management. A conversation between a management member and an individual in China and/or Venezuela advising intent or a specific plan of action would not be material till it could be deemed official and/or real - probably by virtue of confirmed documentation/paperwork.

In other words, it is quite possible that Bob might have been informed of some specific event but that event could not be confirmed till it was in writing. Upon receipt of material information in written/or confirmed form then at that time then that information if it impacted the following would need to be addressed by way of disclosure:

(a) changes in corporate structure

(b) changes in capital structure

(c) changes in financial results

(d) changes in business and operations

(e) acquisitions and dispositions

(f) changes in credit arrangements

(g) external political, economic and social procedures

With Bob supposedly in Caracas it is quite possible that he advised the CFO in Toronto of material information which resulted in the trading halt. Before any news release my understanding is that the CFO and Coporate Sec. would contact the Disclosure Committee (CEO, CFO, VP - IR and a rep of the board) to advise them/discuss the news at hand, at which time corporate lawyers would draft the news release.

My feeling is that any news pertaining to arbitration/financial/legal would have been released by now.

Two options remain: permit or a Chinese buyout.

Venezuelan media outlets have not yet picked-up the story.

The permit may have been issued and we wait for it to appear in the Gaceta on Monday, we wait therefore for the Venezuelans to release news and/or we wait for China to ok the press release.

I'm leaning towards a buyout from China.

Teutracker