Re: Seems like there is still quite a bit of negotiating with the noteholders...
posted on
Mar 23, 2012 02:47PM
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
That would be great if the noteholders woke and came to the party with better terms so as to qualify as the approved DIPster. However, I don't see any of that happening. Why? Because in the latest press release KRY (hard to get away from the old symbol) stated that they had executed a commitment letter with Tenor. Subject to Court approval, I think both parties have made legally binding commitments.