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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

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I took a while but finally finished the Judges order.

I love this Judge. He not only see right through the noteholders loan offer but basically says their expert witness was a paid hack.

In the end we have a win but there is more to come. First the appeal which hopefully will be denied. I saw nothing to suggest Newbould over stepped in reaching his decision.

Secondly, we will have to see if Crystallex can reach a deal with the noteholders for repayment which I doubt. Even the Judge recognized their current debt is only worth anything if Crystallex wins an award big enough to pay for it. The question becomes will the noteholders take a % on the dollar to settle or want a coupon for part of the award to go away. The coupon would cost us more of the award.

Since they have been such dicks I hope they have to wait it out like the rest of us.

Today is a good day. I don't care when the share price is tomorrow. As long as we keep those idiots at bay we will rise as we get stronger and a settlement becomes closer.

I would love to read the confidential stuff.

Too bad all our old noteholder friends from stockhouse aren't around to enjoy the day but they would have to come out from under their rock.

JJ

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Apr 16, 2012 10:28PM
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