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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: Re: Dendreonaire, You Are Correct About Crystallex' 20-F Filing Deadline

From Crystallex filings, they typically note, "...through December 31, xxxx." for their financials, so from the SEC form guidelines it appears they are allowed four months.

Regardless, Crystallex was extremely late filing the 2011 fins on EDGAR. Whether they had until end of April 2012, or end of June 2012, they were excessively late by filing 2011 fins on January 31, 2013, with EDGAR. Crystallex filed audited 2011 fins on SEDAR, July 16, 2012. Why Crystallex waited nearly seven months to file on EDGAR after filing on SEDAR is the big question. The audited fins were done and just needed an upload to EDGAR, so why the long wait? At the very least, this cost Crystallex shareholders about $50k for the additional 20-F/A filing. For a company claiming it wants to save on expenses it is pure mismanagement.

Now, a week has gone since suspension and without any disclosure from the company as to why they filed a 20-F/A. Were they requested to do it, or did Crystallex file it on their own? Makes a difference. Shareholders left in the dark without disclosure. Red Flag. But, that has been waving for a very, very long time. If there is no PR before greys, could be tell-tale. Likely any PR disclosure, if there is one, will be vague and can be "read into" and interpreted as good while covering themselves by actually saying nothing.

Five more days to greys. The SEC suspension is apparently because Crystallex, by the letter of the SEC regs, is still considered delinquent. Realize that investors have been trading in the dark, concerning financials, for two years. Who knows, management might be able to talk their way out of this one and save commons from the greys. Greys are not kind to tickers. This might be considered as being very convenient for the company.

Calling RM results in an opinion. RM is not even located at company headquarters.

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Feb 14, 2013 01:22PM
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