Re: Another extension requsted
in response to
by
posted on
Aug 25, 2024 05:05PM
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
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.