posted on
Dec 30, 2011 01:44AM

Welcome to the Crystallex HUB on AGORACOM
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

Message: Re: QVT
Where is this information showing the current Noteholders placed obstacles in KRY's path?
And, Nope, never stated the Bondholders had a right to a windfall. Just saying that blaming the Lender, for the situation KRY apparently put itself in, is just redirection of blame.
KRY performed its duty according to the MOC with Ven, and Ven pulls the plug. KRY got screwed.
The Noteholders performed their duty according to a lending agreement and KRY nearly defaults, extending time under CCAA. Noteholders not paid, possibly for years. KRY got screwed.
Huh? In both KRY is the one being oppressed? Seems to be a Double Standard here.
It's Just Business was not the biggie of the financial meltdown. Irresponsible business practices played the bigger part.
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