Just a thought.

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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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vontomoman

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Just a thought.

posted on Nov 30, 2011 01:21PM

I wonder if the Bond Holders of the $120mil due on the 23rd actualy have formed an alience to curcumvent any possibility of a Private Placement being able to get enough cash to pay down the note. Will they as a consordium "take over the company" when KRY is unable to pay down what is due? They also hold the position of being the prefererd lender with options on how to in thier best interest recover the debt by funding arbitration rather than excepting a bankrupt selelment . KRY has NO options, can't pay the dept, bankrupt.