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."
in response to stockticker1968's message

In or out of the ICSID I think Venezuela will do what it has always done: drag it out as long as possible and/or pay pennies on the dollar for their theft.

And I think the idea that the World Bank is somehow going to squeeze out the equivilent of $8 a share out of Venezuela is nuts.

No one (on our behalf) is going to hijack Vennie oil tankers on the high seas or Citgo for that matter.

And I don't believe any country is going to divert oil payments due to Venezuela and put them in our pockets instead to pay off "Hugo's Debt" to us. Because if they do so they know Venezuela will never sell them another drop of cheap oil.

Please show me a historical pattern of companies using the World Bank to successfully seize the assets from a country like Venezuela to pay off a debt anywhere close to the initial claim.

If KRY survives long enough (don't forget MO's lunch bill of $30k a month) to get a settlement then I think we can expect pennies on the dollar. And, with the settlement-payout structure the way it is, we shareholders will get the crumbs.

As always, I hope I'm wrong about all this but so far.......

Cividale

Please login to post a reply
Cividale
City
Rank
Treasurer
Activity Points
1446
Rating
Your Rating
Date Joined
04/27/2010
Social Links
Private Message
Crystallex International
Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
Website
Create a Post