Re: Rusoro's run and potentials implications for Crystallex..
in response to
by
posted on
Jul 25, 2023 05:44PM
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
"I would assume the money would placed in our accounts like it would for any sale."
True if Kry was listed, which it is not.
The recapture of our amount of the settlement under the circumstances will be very complicated, involving lots of confirmation, monitored by a special master, as already mentioned here, by others. Everything has to be cut and dried, all shares accounted for, the checks have to be made ready for mailing, administrators of this must all have their checks in hand. And the last act before they slam the door behind them. It will be a while.
If Kry shares get do reinstated as you suggest, then the transfer of money would be very simple and straightforward. But the chance of that happening is very slim to none.