Crystallex International

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Re: Sunk Cost
Crystallex International
over 14 years ago
3
in response to jimmijazz's message

Logically, CRRC should pay at least $200 million up front to Crystallex upon all approvals from VZ.

Dilution should not have to take place to pay noteholders or to have operating cash.

The biggest questions to me.

1. How to settle noteholders? As the pr is stated, dilution will not satisfy bondholders but just cover a chunk of it.

2. How is the capex of $300 million already spent being treated. Also, what about the other $200 million spent?

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Date Joined
06/18/2008
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Crystallex International
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Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
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crystallex.com
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