Re: Collection of Award to be Difficult?
in response to
by
posted on
Sep 08, 2014 07:05PM
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
Somewhat different situation, but just one example how these things can play out, until the claiment has nothing left. Last I heard Crystallex, with worthless stock, is bleeding cash and doesn't have unlimited resources, but still has ongoing expenses.
It sure seems almost certain that Fung & Co, lawyers, and bondholders, will end up with any crunbs left, but maybe you're a bondholder?
I have still not seen when any of these these claims were actually "paid". It seems that awards alone. are next to worthless.