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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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Message: Sounds like the noteholders are in the drivers seat.

is Fung noteholders 's side or shareholders's side???!!!!

I think Fung is out for himself, which means that he seems to be leaning more and more to the bondholders side since they are holding a big stick. He made it a point in the last PR to remind people how invaluable management is to the successful resolution of the arbitration claim. I took this to mean "when you (the bondholders) take over the company, you need to keep management on board so we can guide this ship to a maximum arbitration award". Has Fung ever demonstrated that he cared about shareholders....genius though he may be? As Fung responded in my last phone conversation when I asked him if KRY would go bankrupt: "$100,000,000.00 is a lot of money". Then he mumbled something about being OK for now and continuing his efforts toward re-structuring the debt with the bondholders. Draw your own conclusions.

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