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."
7
in response to jimmijazz's message

It is a given that a post is an opinion, on any internet message board. Unless shown as fact with links backing whatever claims in a post. Sometime links do not matter as many do not care to perform personal DD, and believe whatever. Regardless...

Crystallex stock will not become registered and tradeable just because of an ICSID award, or even because Crystallex brings financial filings up-to-date (already nearing two years in arrears again), and attempts to pay fees to register the revoked shares. Revoked shares do not appear to be considered unregistered (SEC actually calls them "restricted" shares) within SEC's definition.

If SEC drops the ball by going beyond 60 days, after Crystallex' application to register shares (which has happened on occasion), Crystallex must still provide detailed explanation to DTCC and FINRA. Revoked shares, again, are not considered restricted shares so trading would be disallowed. So, FINRA and DTCC will continue to use Section 12(j) as reason to not allow trading (public or private) because of the revoked stigma, and brokers will not touch revoked shares. This is not only a USA holder problem, as most all Canadian brokers are registered with FINRA in order to be able to cash in on the USA trading market. Anything is possible, but history shows that revoked shares do not get re-registered.

Question is, will Crystallex recognize their own revoked shares? They really don't have to.

Although, again, anything is possible.

Hope it all works out for everyone holding.

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jcwillis
City
Fairfield, California
Rank
President
Activity Points
14872
Rating
Your Rating
Date Joined
01/03/2008
Social Links
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Crystallex International
Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
Website
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