Re: interesting china gold story
in response to
by
posted on
May 26, 2011 06:10AM
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
every time the noteholders are brought up it is stated that kry going BK would automatically nullify arbitration....i dont think this is the case.
CJR...I agree. Also....looks like our Chinese friends said "solly Cholie" to tearing a check for the $100 million. As Fung told me: "100 million dollars is a lot of money". How long does it take to write a check and pen a legal instrument to re-structure the debt? Over four months? The MOC was cancelled four months ago and these clowns had no plan "B".
Maybe he should have thought about that a few years ago when he opted not to file arbitration. True....he attempted to "enhance shareholder value"....but at what risk? When the downside is bankruptcy...I suppose it's less risky to swing for the cheap seats if you have a guaranteed annual salary, cheap stock options and no personal funds on the line. Shareholders appear to have been used as cannon fodder.
Does anyone here feel that the value of their shares has been "enhanced"?