This is the third time I have tried to write this today, but there is some server error reporting an error from Agoracom does anyone out there know how to recover or to get a program to back up your typing? Maybe you can send your ideas OT thanks.......
So I am going to be brief:
CJR I do not know what point you were trying to make so if you or anyone have a comment feel free........
Sept 10 originaly was not an importiant date IMO just part of the A&F agreement timeline.
Now it seems it could be more importiant because it allows CRRC to purchase shares at .40 cents to satisfy the 2.5M debt.
If this occurs it would be a good sign.
There might be no announcement or both parties could agree to waive the repayment. I guess we would have to wait until the next quarter financials to find out? Or is there something about a debt repayment that needs to be disclosed sooner?
Crystallex could repay the loan with the interest, I do not have any ability to manufacture anything constructive about that.
CRRC previously advanced Crystallex $2,500 during the negotiation of this Agreement. Subject to requisite regulatory and shareholder approvals, this advance is convertible at the option of CRRC into common shares of Crystallex at a price of Cdn$0.40 per share until September 10, 2010. This convertible loan bears interest at 6%, repayable on September 10, 2010 and ranks subordinate to the Notes described in Note 10. Upon the later of (i) receipt of all necessary permits to develop Las Cristinas, and (ii) the closing of the Agreement, Crystallex would have the right to cause conversion of this loan into common shares of Crystallex pursuant to the terms thereof on 30 days’ written notice to CRRC.
BTW- (Anyone please) Exactly what actually costitutes the closing of the A&F agreement?
Just CRRC and KRY signatures?
(and / or) All necessary permits?
(and / or) Shareholder approval?
Some or all three?
HB