Re: Re 1/10 Reverse Split

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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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vlada_mexico

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Re: Re 1/10 Reverse Split

in response to

Re: Re 1/10 Reverse Split

longkry06

posted on Jun 05, 2011 12:54PM

IMO, we will be reimbursed for the money KRY has spent, (500million or over?), plus interest on our money should equate to about 2.00 dollars a share. Then comes damages, which could be a tidy sum, especially with the price of gold rising every day.

I still think KRY will get between 4 to 6 dollars a share, gross.

If I were the Noteholders, who I am sure know the situation. I would ride along and make some deal acceptable to both parties. The Noteholders get paid more and KRY saves money by not having to refinance.

Whatever the cost might be to refinance, this could also be offered to the Noteholders. Why consider dilution of a KRY stock offer instead of a percentage of the Arbitration award? In any event, the Noteholders are in first place for compensation.