Re: Reality of the Mgt Incentive Plan and the DIP motion
in response to
by
posted on
Mar 23, 2012 11:06AM
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
I understand it's a tough pill to swallow. But the fact is, we do need the key mgt personnel to stay on top of this to push the arb through. The DIP lender is taking a risk here. They put a dent in that risk by ensuring that key mgt personnel would stay and see it through. Those personnel are not going to work for free for two years either. At this point, I'll take it, even if I don't like it.