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

Free
Message: Not opting in

jimmijazz - a guess at what shareholders will get is 30 cents per share (maybe you have a better number?). So 1/4 of one cent per share is 0.83%. So for that one deposition we gave up 0.83% of our return. As a guide a criminal code 347 trial costs $50,000 per day per party and if it takes 3 days, 5% of your return is gone. Then there is the appeal.

Of course this assumes Gowling lose and the company has to draw down on the 4th DIP to pay for these court costs or has to take out a 5th DIP - if Gowling bring the case after the award is paid (but before it is distributed) or if they win then magically costs are 20 times less.

 

Share
New Message
Please login to post a reply