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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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Message: back in the toilet
***Would appreciate those arguments with mention of how the added dilution will help***To be more clear on my part when I say added dilution I am talking Max about 5-7% of the shares and an additional 5% added to PIK interest. So in exchange for about 20-25 million shares and 15% PIK interest backdated to CCCA filing the Noteholders would approve a reorg plan allowing CRY to emerge. Im not sure how much if any dilution would fly with Tenor at this stage unless it strictly comes out of shareholders portion of shares like a secondary would per the DIP covenants . If so, I am also not sure management would agree to a largely disproportionate dilution as it hits their MIP as well as our share count while Tenor remains whole. But assuming the dilution is low how would this deal be good for shareholders? I think a company out of BK is generally more valuable and viewed more favorably. I think we could trade with a market cap similar to GRZs. I think VZ may view us as a stronger company and settle. In my view it even strengthens our case in the world court as we would no longer be in BK hell and only good enough for some scraps in the recovery process. Its a show of strengh and would be an impressive feat if pulled off with substantial remaining equity. Investors may even take a second look about recovery prospects. JMHO
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