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.