May 31

Welcome to the Crystallex HUB on AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Teutracker

Rank: President [?]

Points: 3935 [?]

Votes: 85 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

May 31

posted on May 28, 2010 01:26PM

Good day all!

May 31 is the 1st day where the $ 2.5 million loan can be converted into shares.

The 5 day running average basis current price would mean that the lender could convert at a discount to market. I think this would be quite a favorable issue for them. Should they convert then I would expect a Sedar filing and then we will know fairly soon who they are. Sounds very positive to me. Potential strategic investor/partner may no longer be 'potential' as of early next week. Also need to keep in mind the lower priced warrants which would be quite attractive for conversion right about now.