According to what is disclosed of the current Crystallex financing deal, Crystallex company management and their lenders will benefit considerably at Shareholder expense.
Most of the details of how this financing was arranged is still unknown to Shareholders as there continues to be no relevant disclosures or updates by the Court appointed Monitor on the E & Y Website.
Shareholders are significantly impacted and must be allowed to vote on the Plan.
The current deal should only be accepted if amending this plan's generous terms is not allowed by rule, or would cause the proposed financing process to fail without hope of recovery.
The Honourable Frank J.C. Newbould
Ontario Superior Court of Justice
330 University Avenue
Toronto, Ontario M5G 1R7
Fax (416) 327-5697
Re: In the matter of a plan of compromise or arrangement of Crystallex International Corp.
CV-11-9532-00CL