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

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Message: Re: TRADING
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Nov 26, 2013 07:17PM
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Nov 30, 2013 02:37PM

It is a given that a post is an opinion, on any internet message board. Unless shown as fact with links backing whatever claims in a post. Sometime links do not matter as many do not care to perform personal DD, and believe whatever. Regardless...

Crystallex stock will not become registered and tradeable just because of an ICSID award, or even because Crystallex brings financial filings up-to-date (already nearing two years in arrears again), and attempts to pay fees to register the revoked shares. Revoked shares do not appear to be considered unregistered (SEC actually calls them "restricted" shares) within SEC's definition.

If SEC drops the ball by going beyond 60 days, after Crystallex' application to register shares (which has happened on occasion), Crystallex must still provide detailed explanation to DTCC and FINRA. Revoked shares, again, are not considered restricted shares so trading would be disallowed. So, FINRA and DTCC will continue to use Section 12(j) as reason to not allow trading (public or private) because of the revoked stigma, and brokers will not touch revoked shares. This is not only a USA holder problem, as most all Canadian brokers are registered with FINRA in order to be able to cash in on the USA trading market. Anything is possible, but history shows that revoked shares do not get re-registered.

Question is, will Crystallex recognize their own revoked shares? They really don't have to.

Although, again, anything is possible.

Hope it all works out for everyone holding.

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