Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

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Re: Alternate Scenario/nobear

over 13 years ago

in response to no_bear's message

nobear, if you read the discussion it implies that a large number of shares are owned by noteholders/insiders(kry friends and family plan)....it does'nt imply that shareholders could force a BK, it implies that these noteholders/insiders may be willing to let kry go BK by letting the arb case slip into the noteholders hands rather than selling it for what it might be worth and keeping the public kry alive...

this would allow the noteholders/insiders to cash in 100% on any arb case and not have to share with the rest of the shareholders...not that mngt/insiders would do anything so sleezy... it was more of a theoretical...