Re: -from the Q1 update
in response to
by
posted on
Jun 18, 2011 08:37PM
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
On June 1, 2011, the Company was advised by the NYSE Amex that its Appeal of the Exchange's delisting determination was denied. Crystallex has the right to appeal this decision to the full Committee on Securities, within 15 calendar days, which it intends to do.
anyone hear anything on this appeal yet?
Maybe it's 15 calendar days from June 7, the official delist date?
From the CBOE:
Regulatory Circular RG11- 071 DATE: June 7, 2011 TO: Trading Permit Holders FROM: Market Operations Department RE: Restrictions on Transactions in Crystallex International Corporation ("KRY")
Effective June 7, 2011, the NYSE AMEX will delist Crystallex International Corporation
("KRY")
Trading in Crystallex International Corporation will commence on the Other
OTC market under the symbol CRYXF. Trading on the CBOE in existing series of CRYXF options will be subject to the following restrictions. Only closing transactions may be effected in any series of CRYXF options except for (i) opening transactions by Market-Makers executed to accommodate closing transactions of other market participants and (ii) opening transactions by CBOE TPH organizations to facilitate the closing transactions of public customers executed as crosses pursuant to and in accordance with CBOE Rule 6.74(b) or (d). The execution of opening transactions in CRYXF options, except as permitted above, and/or the misrepresentation as to whether an order is opening or closing, will constitute a violation of CBOE rules, and may result in disciplinary action. TPH organizations should ensure that they have appropriate procedures in place to prevent their customers from entering opening orders in this restricted option class. In addition, transactions in contravention of this restriction may be subject to nullification pursuant to Exchange Rule 6.25. There are no restrictions in place with respect to the exercise of CRYXF options. The provisions of this circular apply to any options on CRYXF traded on CBOE. Any questions regarding this circular may be directed to Kerry Winters at (312) 786-7312 or Regulatory Services Division at (312) 786-7730 or (312) 786-8460. CBOE restricted class memos can be accessed from CBOE.org at the following web address:
http://www.cboe.org/Restrictions
https://www.cboe.org/framed/PDFframed.aspx?content=/publish/RestrictionsClosingOrders/KRY.pdf§ionName=SEC_MBR_GENERALINFO&title=CBOE%20-%20RG11-+071+Restrictions+on+Transactions+in+Crystallex+International+Corporation+(KRY)