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 jcwillis's message

There has been the spread of misinformation about KRY's shares allegadly being revoked. This started as long ago as May 27 when JC said on InvestorHub:

"'Sure, those revoked shares might be considered, "unregistered.' But, not by the SEC. The major thing - being REVOKED - means cancelled and worthless. Know of any revoked shares coming back to benefit holders? Revoked shares never get, "re-registered," by reorganized companies. The Crystallex revoked shares are cancelled, gone, worthless."

In fact, KRY's shares were never revoked. Rather, their registration was revoked under the Securities Exchange Act of 1934 as a result of their failure to comply with certain filing requirements. There is a world of difference between shares being revoked and the company's registration being revoked. Such revocation of registration is commonplace and does not mean a company's shares are worthless. Moreover, KRY is not be prevented from reapplying for registration under the Act in the future.

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JackJack
City
Rank
Treasurer
Activity Points
479
Rating
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Date Joined
12/21/2011
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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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