*Crystallex received a yes from the judge on everything asked for.
*Current note holders did not want Crystallex to get DIP financing.
*Auction for DIP financing (this has some interesting parameters).
*Had $135m "soft" commitment for financing.
*Same judge as previous note holder litigation.
*Stay is currently until Jan 21st.
*Arbitration Merit filing to be submitted Feb 2012
*FINAL arbitration hearing scheduled for Nov 2013
*Contract cancellation notice from Vz. available to read in full.
*Compliance notifications from Vz. available to read in full.
*Judge's order worth reading in full.
*Judge clearly defined that Bob and management are fully in charge of the company and are free to negotiate with Venezuela as they see fit. (Wonder who was contacting Venezuela saying they were going to be in control soon?..rhetorical)
*Bob's affadavit worth reading in full (skipping previous financial filings but letter from note holders attorney sheds some light on attitude) And what was that big a** pic of Chavez for?
Still need the financing or some compromise.
