Re: I'm not dwelling on the Dec. 23 date

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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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jcwillis

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Re: I'm not dwelling on the Dec. 23 date

in response to

I'm not dwelling on the Dec. 23 date

Stroot

posted on Dec 14, 2011 10:23AM

Good post Stroot. Very possible.

I doubt that the company will not close the PP financing. But, if they don't, my speculation is that all assets get auctioned off as soon as possible, including the arbitration award rights. The auction will determine what the assets are worth and the proceeds are divided according to the hierarchical structure in order of creditors, bondholders, preferred stockholders, and finally common stockholders. High bidder of the arbitration award asset then waits for their reward.