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

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Message: Noteholders Propose Restructuring Vote March 6, 2013

Rumors of Buyout, Ven offers, on and on. Bondies motion shows 15% int. + 15% award.

The Company has never disclosed their Plan of Arrangement/Compromise.

Hard to believe that Crystallex is "surprised" of Noteholders proposed Plan, after six months negotiating. Near, or Bondie lawyers, or someone likely said, "new interest on the Notes," or, "percent of the award," at least once in six months. Near must have some sort of idea of what Crystallex's Compromise/Arrangment bottom line would be, and where this "new" Bondie proposal falls on the Company's Plan idea. After all, Near IS the Company negotiator. Unless it was all, as it looked like, a game. Whatever. Good story for another possible delay, at least.

Am not convinced that Management or Tenor is a friend to shareholders. Am not convinced that delays are beneficial to shareholders, considering Tenor's DIP financing arrangement. Gives "them" more time to scheme on ways to continue to borrow expensive money and give themselves larger pieces of the pie, all at the expense of shareholders.

It definitely is an interesting saga, for sure.

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