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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: Shareholders's Payout Share
2
Nov 28, 2017 10:16PM

I certainly hope I'm wrong.  I had always hoped for a onetime payment of some amount of money followed by the timely dissolution of the company.  The fact that it appears that the money can be spread out over an unspecified number of years is very problematic to my way of thinking.

They don't have to payout money that they don't have as of a certain date.  Hypothetically, let's say that they get half the money within the first year and then the balance is spread over the subsequent  five years.

Just for an example:  let's say that each share is worth $0.50.  Would that mean in year one, each share gets a dividend or payout of $0.25; year 2: $0.05; year 3: $0.05; year 4: $0.05; year 5: $0.05; year 6: $0.05 per share.

Currently, everyone has been willing to wait as it was wait or go home empty-handed.  It would seem to me, that asking individuals to wait six more years to see all their money would be repugnent to most.  That would put Tenor/Fung et.al. in a position to offer a very low-ball buyout.  

 

 

2
Nov 29, 2017 08:57PM
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