Re: icsid update from jan 23
in response to
by
posted on
Feb 04, 2015 07:06PM
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
The case has plenty of strength to get such a ruling. The question has always been... Just how much of the pie, now down to less than 12%, will actually get to shareholders?
I think end game will be Crystallex-Tenor, if they cannot get the complete possible award onto their side of the table, has the shares cancelled. Typically, all's a judge needs to see is that the shares have been revoked and, POOF!, they are cancelled.
These guys, Crystallex-Tenor, played it well.