Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Re: Finally, Some Disclosure
6
Apr 04, 2012 12:19PM
5
Apr 04, 2012 12:33PM
4
Apr 04, 2012 01:33PM
7
Apr 04, 2012 02:12PM
2
Apr 04, 2012 05:22PM

Kry,

Recalled it noted in earlier docs and did not think much of it because of delistings, but it is now specifically outlined in the third Monitor's Report, initially mentioned on Page 2, Part v.

In the Third Monitor Report, Page 7, it reads:

MANAGEMENT CEASE TRADE ORDER
26. On March 16, 2012, Crystallex issued a press release stating that it will not be able to
prepare and file its annual continuous disclosure documents for the year ended December
31, 2011 by March 31, 2012 in accordance with applicable securities laws. A copy of the
press release is attached as Appendix D to this Report.
27. On March 30, 2012, Crystallex submitted an application to the Ontario Securities
Committee (the “OSC”) for a management cease trade order (“MCTO”).
Due to Crystallex being unable make the required filings by the filing deadline, it sought to
apply for an MCTO as an alternative to a general cease trade order. In its submissions to
the OSC, the Company admitted that it can provide no assurance as to the anticipated
duration of the default and that it hopes to be in a position to confirm by April 13, 2012
that the default will not extend beyond June 30, 2012.

See the E&Y site and go to Monitor's reports, then Third Report...

It almost appears inconsequential reporting this to the OSC (equivalent to US SEC), while trading OTC. However, there is an obvious reason for the Monitor to include it. It just seems odd to apply for a stop trade as, typically, OTC companies behind in reporting will be downgraded to Pink, possibly even go Grey Market before the chill, after which pretty much is it for the ticker.

17
Apr 04, 2012 08:02PM
4
Apr 04, 2012 08:54PM
9
Apr 04, 2012 09:39PM
4
Apr 05, 2012 10:22PM
11
Apr 06, 2012 12:06AM
6
Apr 06, 2012 11:58AM
5
Apr 06, 2012 02:17PM
Share
New Message
Please login to post a reply