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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: Another extension requsted

Aug 23, 2024 11:19PM
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Aug 25, 2024 04:16PM

NorthOntKid,

Three possible scenarios:

Judge Stark orders the allocation of the shares and the issuance of the stock certificates to the Judgement creditors. As a result:
a) KRY delivers the shares to the DE Bankruptcy Court to be sold once the Court approves the sale.
b) The other judgement creditors hold onto the shares until these can be sold/ transferred, or
c) The Judgement creditors sell their rights to the shares (but do not transfer the certificates) to the auction winner and the latter waits until it can obtain the license from OFAC.

 

 

 

 


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