posted on
Oct 03, 2011 09:47AM
Auntirooski - The 'arbitration' clock is relevant only after the bond situation is addressed. I emailed RM on Sep 23 asking....
_______________________________________________________________________________________________ Sorry to bother you again but I'm very interested to know if Crystallex is currently negotiating with potential companies to fund the refinancing or if we are still trying to find one willing to work with us on the refinancing.
Any information you can reveal would be most helpful. _______________________________________________________________________________________________
I asked the above question because no bear (if I remember correctly) posted a comment from RM saying that... "The Company believes that ther are investors seeking higher yield investments in a low yield environment." and I was concerned about the word "believes".
_______________________________________________________________________________________________
RM's response (on Sep 25) to my clarification question....
The Company has an active refinancing initiative underway with a goal of successfully completing a new debt offering raising the required capital for the Company to retire the existing $100 million notes at their maturity on December 23, 2011.
The Company believes that there are investors seeking higher yield investments in a low yield environment.
_______________________________________________________________________________________________
Again with "the company believes" statement.
My kids believe in Santa Clause, the tooth fairy, and dare I say it...the Easter Bunny. RM saying "the company believes..." is not very comforting nor does it instill confidence that things are going well. Hopefully his vague response is for legal reasons only and that there is really something positive going on behind closed doors.