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

Free
Message: Re: trolls
5
Feb 27, 2017 02:13PM
3
Feb 27, 2017 02:47PM
5
Feb 27, 2017 02:52PM
3
Feb 27, 2017 03:32PM
1
Feb 27, 2017 03:46PM
2
Feb 27, 2017 04:42PM
3
Feb 27, 2017 05:12PM
2
Feb 27, 2017 07:17PM

Feb 27, 2017 07:27PM
2
Feb 27, 2017 08:11PM

jimmijazz - like you I am not party to the real numbers. What we have been told is that the 1st DIP ($36m) took 35%, the 2nd ($11.1m) took 19.34% (but that looks very high), the 3rd ($15.4m) took 16.21% and the 4th ($13.2m) took 17.7% - giving 88.254% for $75.5m (=$900+m from the net award and perhaps $0.30+/share residual). The 4th DIP is redacted but someone got a draft unredacted copy and disclosed it on the broadhost.com forum - it could be wrong. However, the Justin Fine deposition said these numbers are wrong and now they talk about a "waterfall provision". I view 88.254% as a worst case, I suspect it is better than that.

Justin knows but his NDA probably prevents him from telling anyone. He might not tell you but you can ask him - work out some kind of code before asking - do a countdown and tell him to cough if his throat hurts....but definitely don't tell us.


Feb 28, 2017 10:31AM
Share
New Message
Please login to post a reply