Re: What should we be writing to Judge Frank J.C. Newbould?
in response to
by
posted on
Mar 28, 2012 02:41PM
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
If there is enough shareholder participation complaining of shareholder value being taken away, the judge will not overtly adjust anything. He will have the DIP'ster do the adjusting until the judge is satisfied that shareholder value is taken at the expense of keeping the company alive, rather than just to reward insiders. There may very well be no adjustment.
If the DIP'ster walks, there is a backup deal. And, apparently, others in line.