The Chinese exchanged their goods for worthless paper because American corporations outsourced their manufacturing to take advantage of cheap Chinese labour & now the Chinese are stuck with $2.4 Trill US, which they have to get rid of because the US government is quanitatively easing the dollar into oblivion. Now anything the Chinese do to unload $US is tantamount to currency manipulation. When they lend out to countries like Greece, Ireland,etc. - with little to no hope of ever receiving repayment, it really reveals how much reverence they have for the value of the $US. At least by lending to Venezuela, they get oil in return but what if Hugo changes his mind or loses his mandate, will the succeeding administrations honour the agreements of past administrations? Did Hugo honour previous agreements? Yep, you sure can't trust those commies!
BTW I checked out the Binding Primary Agreement - Sec. 5. Termination reads as follows:
5.
Termination
This Agreement shall be terminated on the earlier of (i) the date of execution and delivery of the A&F
Agreement; and (ii)
5:00 p.m. (Toronto time) on July 31, 2010
or such later date as mutually agreed,
without any liability to the parties other than any liability accrued to the date of termination related to any
breach by a party of its obligations hereunder and any obligation Crystallex may have to pay the termination
fee set out in Section 6. In the event of the termination of this Agreement in accordance with the terms
hereof, the obligations of the parties under sections 6, 7, 8, 9, 15, 16 and 17 shall survive any such termination.
Do we have a mutually agreed on extension or not? If so what is the new extension date? In either scenario, why hasn't management related this info to us?