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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: Crystallex wins U.S. court order to seize Venezuela funds

Good.

and a  balanced post  for the first time.

" There is risk of not opting in if the court were to somehow favour the opt ins i.e. give these shareholders a bigger share than other shareholders" .

The idea that non-optins get less is the motivation for optin to  participate to hopefully maximize return.

By the way Paau, is there a term in criminal law that describes a person who is in control of and administrates assets not belonging to him and gives much of the assets to a third party for payment to be received  later ?

Is this Grand Larceny or Felony Larceny?  Does this describe what Fung did?

I really don't believe there will be much of a delay because everyone wants closure as soon as possible. The delay will be in the collection of all the money before a penny is dibursed.

I also think that since this is just about it, the participation of new optins is over  ....there are sufficient shareholders opted in so that Gowling will act regardless of whether anyone else opts in... and Gowling should soon tell us stuff, like how many are in, etc.

 

 

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