Karl, you will never get any proof that we are waiting on a completed deal before voting and even though I believe we will be voting on more than what was first planned for on the July 31st time frame.
My speculation was full of IMHO to make sure everyone knew I had no facts. I do have some logic however. We know from Teut and confirmed by others that the new JV Subco is up and running. This was one of the items listed in the primary binding agreement to be set up and voted for in the A&F Agreement.
There is only one logical explanation for going ahead and setting up the JV Subco. The substance of the A&F Agreement has been agreed to between Crystallex and CREC/CRRC. If there was no mutual agreement then there would be no need to go ahead with the setting up the new JV.
Some people are questioning why we didn't get to vote on the A&F to proceed with the deal. We will get to vote but it makes little sense to send out material to vote on at a cost when you already have the votes to approve it. It makes more sense to send out the completed A&F Agreement for a vote with other parts of the precedent conditions completed like the letter from VZ agreeing to transfer the MOC or permit into the new JV.
This would give the market and share holder a much clearer picture. If you remember when the June 7th press release was issued there were many questions being asked like what does KRY get credit for, will China screw KRY by accepting a lower price for gold, why hasn't KRY ironed out the details yet before asking us to vote, etc.
A vote now on the A&F without other information will open Kry up to more questions that will negatively affect our share price. A vote on a complete or near complete deal that includes a clear message from VZ will allow our share price to rise much more quickly.
JJ
