Re: Shareholder Rape
in response to
by
posted on
Mar 26, 2012 10:50PM
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 noteholders do not need to step up. They are silent for one of two reasons...
1. There will be a Big "knock-down-drag-out" on Apr 5 resulting in the private placement returning (Fung's first affidavit has specific reason for going CCAA), and noteholders exit.
2. Noteholders have already cut a deal to roll the notes, and will get the same PP deal. After all, since 36 large gets 35% of the take, 100 large is likely to get a significant percent of the take also.