Sounds like the noteholders are in the drivers seat.

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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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brundoggie

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Sounds like the noteholders are in the drivers seat.

posted on Jun 22, 2011 11:44AM

A restructuring of the existing notes could result in the noteholders gaining a

substantial ownership interest in the Company. It would not be surprising if

the noteholders were to believe that a restructuring of the Notes could result

in their ownership of most of the Company.

Should the Company be unsuccessful in refinancing the debt, management will

try to negotiate the best outcome for all stakeholders.

How can this happen with unsecured notes? Why should we care as stock holders what happens in the arb case? Any thoughts....

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