Re: Affidavit of Robert Fung sworn December 22, 2011
in response to
by
posted on
Dec 24, 2011 07:26AM
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
The use of "shareholders" in the affidavit probably reflect the requirements of a CCCA application, and not some heartfelt concern for us on Fung's part.
I don't know enough about the CCCA to have an opinion about this being good or bad. I guess it's good, because it buys time, and it moves decisions about KRY away from the bondholders alone, and adds the new PP players and a judge to the mix.
I'm also thankful that this is taking place in Canada, as I think our laws tend to be less draconian in commercial disputes than would be the case in the US.
Best wishes for a happy holiday, everyone. Be safe and take care.