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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: 0.094 on 19,000 vol
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Feb 16, 2012 01:16PM
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Feb 17, 2012 07:35PM
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Feb 17, 2012 08:15PM

The schedule is tight, so something should be disclosed soon.

Otherwise, might see court dates pushed.

The approved bidding process allows for CRYXF to discuss/negotiate with the two/three (if there were that many) top qualifying funding proposals. A delay somewhat makes sense, to attempt to discuss/negotiate more favorable terms, especially if the terms are not quite as favorable as what the company would prefer. Despite the requirement request for favorable loan terms by CRYXF, lenders always have the upper hand. When one has their hat out, they are pretty much stuck.

The timing of the Greywolf inconsistent filings may not be coincidental.

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