Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: quick question
3
Dec 06, 2011 03:45PM
2
Dec 06, 2011 04:02PM

Turtlefoam,

thanks for providing the info. While only 80 million its not what most of us wanted to hear, i guess the deal isn't dead yet.

My only question is, based on the information you've been able to obtain, is the firm $80 million solely from new investors? or does that amount include some of the current noteholders too?

Because if not, I would assume that having $40 million worth of the old noteholders roll over is achievable.

That said, i'm still very upset we're going to the last minute here.

And for those saying that the noteholders should just force the company into bankruptcy, there is risk there too. Why not collect 20% interest per annum and get the first 50% of any settlement, especially when you've probably paid 60 cents on the dollar for the bonds in the first place, and are now getting full value, plus gravy. I'm sure they did their calculations, question is where that leaves us shareholders.

Anyway......

FK.


Dec 06, 2011 06:54PM
2
Dec 06, 2011 07:29PM
5
Dec 06, 2011 07:57PM
7
Dec 06, 2011 08:17PM
2
Dec 06, 2011 08:23PM
2
M
Dec 06, 2011 10:22PM
Share
New Message
Please login to post a reply