Finalized my conversation with Richard this morning as he pursued my request for answers to the revoked shares question. He explored the "revoked shares" with securities lawyers and with members of the management team at Crystallex.
1. There is only one class of shares; Canadian, European and USA. Crystallex has made a point in preserving the rights of shareholders for both Canadian and USA shareholders.
2. Although the SEC revoked the shares from trading they are not cancelled shares. No value has changed.
3. If and when an award is received a trustee will be appointed in order to disburse the amounts due to each respective group according to allocations set at that point in time. That can change from the current allocation as the arbitration timeframe and the cash loan position changes.
4. All owners of shares are known by a "transfer agent" as the different brokerage firms have reported. Not by name but account numbers. The transfer agent will notify all shareholders if an award is forthcoming. (Keep contact information current)
5. Some shareholders are requesting paper stock certificates at this time. ( I assume as a backup to electronic)
