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: new document

over 12 years ago

in response to jimmijazz's message

Concerning the noteholders DIP loan offer - which they better get with the program and sign the NDA by tomorrow if they want to stay in the game - it is interesting that the Noteholders (Page 6, Para 20) terms for lending only $10 million, for nine months. Gives the impression that the noteholders just want this over and get paid, by giving CRYXF plenty of time to get the job done on the refi/offering over the next nine months.

But, more interesting is that the noteholder terms are without the, up to, 49% "Lender Back-End Entitlement" of company equity interest (dilution?) ownership. Seems unusually reasonable considering the previous hard ball hostility.

Company keeps throwing around the 49% give-away.

Posturing. Strike a pose. Vogue.