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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: Re: Today's Market
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Apr 07, 2011 09:30AM
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Apr 07, 2011 09:49AM
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Apr 07, 2011 11:07AM
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Apr 07, 2011 04:54PM
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Apr 07, 2011 05:52PM

thanks Wookie I was just catching that screw up myself. So if we found an investment group with cajonies (and that is phonic spelling at best) for 50M up front how about 10% of the settlement or a minimum of 100M, whichever is more, still a better deal than having to double the shares issued? I guess 50M is a lot, but I still remember when 5 million was a lot.

I asked some questions a few days ago about the Oil Companies VS. Venezuela arbitration cases - What their final settlement will be? No one replied to that. Venezuela is offering 10% of the original claim against them. So for us 10% of 3.8B would be 380 Million.

That said. If we end up settling for $380M that would then net the shareholders about $ .40 per share if the share number doubles to 730M. I guess that's why we have to dilute?

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Apr 07, 2011 08:10PM
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Apr 07, 2011 08:28PM
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