Re: Not opting in
in response to
by
posted on
Feb 27, 2017 11:31PM
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
don-wys - do you mean you expect Gowling to continue to use up DIP money to pursue litigation in the near term? How will that play out if they start to run out of money to pursue the award? What will happen if they default? What if the noteholders jump on the bandwagon further increasing litigation costs (they caused the 2nd and 3rd DIPs with this strategy)? VZ probably can't believe their luck, they've been trying to drain the coffers and first the noteholders and now the shareholders are helping them!