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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: "Mysterious" Settlement

Sherm,

You are living in the past. The "misterious" settlement agreemt was before KRY got the Alter-ego ruling from the DE District Court, it was confirmed by the 3rd. Circuit Court of Appeals and the SCOTUS denied a writ of certoriary on it (i.e. declined to review the decisions of the courts below for lack of merit).

The only thing pending for KRY to be able to collect its judgement in cash (payment over time is totally out of the question) is Judge Stark's final approval to go ahead with the CITGO shares auction. The auction, by the way, will never take place since it is contrary to CITGO's and Venezuela's interest. 

As to the indication that Tenor is entitled to the bulk of the award collection, that was when the shareholders were believed to be totally out of the picture. As far as I am concerned, the DE Bankruptcy Court action is alive and well and will not go away until fully heard and resolved.

 

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