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 jcwillis's message

And, yes, if the ICSID award bucks are not in hand within the new note timeline, the new noteholders, secured or not, are going to come a knockin' at the collections door.

This relates to what I alluded to a few weeks back in reference to that December 2014 date. It assumes no PP and only the DIP to carry us forward.

If it becomes obvious there will be no arbitrated resolution by 12/2014, the new noteholders will push for a settlement.

If they take 49% off the top and the old note holders get theirs, there won't be much left for us.

We need a juicy decision to be made whole.