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

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Message: has anyone looked to see how this price is calculated?

because of my cynicism i've just naturally assumed that there is a plan to beat up retail but depending on the formula they use to determine "prevailing market price" a delayed PR would make a lot of sense for crrc....i.e. if the formula is "5 day closing price average" and the PPS dropped due to concern of no pr on the agreement...then CRRC would gain more shares for less money (up to 20% of the company).....

CRRC will assist Crystallex to retire the outstanding noteholders' obligations; will provide a construction guarantee; and has agreed to make an equity investment in Crystallex following closing of the transactions, at a share price based on the then prevailing market price of the common shares of Crystallex.

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