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."

almost 10 years ago

in response to jimmijazz's message

Good points and discussion here.

Tenor gets 70.55% of the Net Arbitration Award. But all the debts, claims and notes get paid first.

I haven't done the math, but if you wish review the priority of distribution it can be found in the Tenth Monitor's report, clauses 42 and 43 in our Link Library.

If there were and award of, say, $2 Billion, and there were aggregated costs, debs and loans of $200 million off the top, that would leave 1.8 Billion. If Tenor gets, 70.55%, then shareholders share 29.45% or, $530 million. We have 419 million fully diluted shares outstanding. That translates to $1.27 per share.

If our Arbitration Award were a generous $3.3 Billion then, by the same math, shareholders would be left to share $913 million or, $2.18 per share.

Someplace between $1.27 and $2.18 per share might be our Award range.

What do ya'll think? Am I anywhere close?

thelongrunner