Re: Fung's Grab Completed 12/18/2014, CCAA Minimizes Shareholder "Rights"
posted on
Jan 23, 2015 12:14PM
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
Whatever. Unfortunately, the truth is not kind. Like it or not, CCAA views shareholders as responsible for any insolvency by management, so disregard shareholder's in CCAA. It fully explains why Reyes and his attorney have gone along with management's "restructuring in plain sight" thus far under CCAA. Some Googling (and the provided link) verifies that CCAA is not kind to shareholders. And, in fact, CCAA has amendments specifically excluding shareholders.
Proof is in the pudding. Holders here are living the nightmare.