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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: Opt-in question

Feb 11, 2017 08:51AM
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Feb 11, 2017 12:21PM

IFY, the amount we are talking about seems to be larger that $1.00 a share. The example in the Opt In which was hypothetical is in the range og $1.40 to $1.60. We are around .30 a share right now but that will be eroded unless Gowling stops them leaving us ZERO.

For Crystallex to try and use the courts to a break event point like you are suggesting would be a lot of legal fees and they would need something to go to court over. Given the example used in the Opt In agreement they would need to spend around $400 million in legal fees to bring us back to where we are now.

Gowling gets paid 9% on what they are able to collect for us above what we have. That is their legal fees.

JJ

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