Sorry JC

My intention was not to offend you

I’m very frustrated with regards to the TSX suspension, and it seems that there are no alternatives until/through January and maybe beyond.

I can’t sell my shares even if I wanted to (although I can buy more US).

I only wanted to stress the fact that we are suspended in Canada indefinitely without alternatives.

KRY will come back most properly on the TSX-V (No more TSX for now)

Very rare when a stock is trading in the US and suspended in Canada.

The timing of the suspension is questionable.

TORONTO, Dec. 23, 2011 /CNW/ - DELISTING REVIEW Crystallex International Corporation (the "Company") - Further to TSX Bulletin # 2011-1564 dated December 7, 2011, the common shares of the Company (Symbol: KRY) have been suspended from trading immediately. The common shares will be delisted at the close of market on January 6, 2012 for failure to meet the continued listing requirements of TSX.

Link: http://finance.yahoo.com/news/TSX-Delisting-Review-cnw-3616556470.html?x=0

Can you name the director of Stockhouse?

Some will be surprised .

Toronto-based Crystallex had a mining contract to develop a massive gold deposit in Venezuela called Las Cristinas.

Photograph by: Petr Josek, Reuters

Crystallex International Corp. was close to securing US$135-million in financing before it entered creditor protection last Friday, according to an affidavit from its chief executive.

Now that the filing has been made, the management team has to show stakeholders that it has a viable refinancing plan that benefits everyone. It will be a significant challenge, as any value in Crystallex is dependent on winning a legal fight years in the future. Some bondholders are also eager to seize control of the company.

Toronto-based Crystallex had a mining contract to develop a massive gold deposit in Venezuela called Las Cristinas. But in 2008, Hugo Chavez’s government denied a permit that the company needed to build the mine, without providing a real explanation. The mining contract was later terminated.

Crystallex’s cash reserves gradually depleted, and it was forced into insolvency after US$100-million of notes came due on Dec. 23. Crystallex is now seeking US$3.8-billion from Venezuela in international arbitration.

By raising US$135-million before Dec. 23,, Crystallex would have had enough funds to deal with the notes and fight the arbitration.

According to a sworn affidavit from CEO Robert Fung that was filed with the Ontario Superior Court of Justice, Crystallex had “soft” commitments for the full US$135-million, provided that a lead investor emerged. It also received “serious” expressions of interest from a potential lead investor who would take up US$50-million of new notes.

But as the deal neared completion, the un-named investor told Crystallex that it needed the financing to be approved by a court to avoid the risk of litigation. Given that zealous bondholders have already filed two lawsuits against the company, it was an understandable request.

Crystallex looked at various options to obtain court approval for the financing, but ultimately decided that an insolvency process was necessary.

At around the same time, a separate investor made an unsolicited proposal for a debtor-in-possession financing. Crystallex tried to negotiate a last-minute deal, but the board concluded that it did not want to accept the investor’s terms “without a broader canvass of the market to determine whether more favourable terms were available.”

While the arbitration process carries a great deal of risk, Crystallex thinks the odds of winning — or getting a favourable settlement — are very high. In his affidavit, Mr. Fung said that Venezuela has a history of both settling cases and honouring arbitration awards. He noted that the government recently settled with Mexican cement manufacturer Cemex SAB for US$600-million, and also said it wants to settle multi-billion-dollar disputes in the oil sector.

The Toronto Stock Exchange has suspended trading of Crystallex shares and will delist them on Jan. 6.

link: http://www.canada.com/business/Crystallex+close+securing+financing+before+filing+protection/5915588/story.html

Only Love

Over the days, weeks, months and years some people came, some people went and some stayed and made this heir home. Everyone is different but this group of people share the same qualities.

No matter what you do to hide it, it shows. YOU ARE IN LOVE !!

You love this, it's no longer about the gain and loss, no longer about the politics of the game.

Good Vs Evil, and you want to be part of this when Good prevails at the end against all odds (because Good always finds a way to win)

You Love the stock, this board, the friends, the dream and the hope. You got to know each other even better than family members or old friends.

We shared a lot of happy moments and sad ones. our hearts ache for those who are suffering or about to lose a dear beloved.

Does anyone know what happened to the old lady who sold the farm to buy KRY? I;m sure that a lot of those who used to share their thoughts and feelings with us are no longer with us on this earth.

Will we ever see the end? what shall we do when it's over? Can any of us be the same person as before all of this took place? Did we learn something new?
Part of me wishes that I have never came across this roller coaster ride (you have no idea how much I lost, not just money), the rest of me is glad to have lived through this life altering experience.

You are me, and I'm you, no matter what you say or do because we are both here now.

A new year is approaching, another chance, a new hope.

I Love You. Be Good always.

Link 1: Initial Order of Justice Newbould dated December 23, 2011 - 159k

Link 2: Initial Notice of Application, dated December 23, 2011 - 1,405k

Link 3: Affidavit of Robert Fung sworn December 22, 2011 - 3,282k

Site: http://documentcentre.eycan.com/Pages/Main.aspx?SID=229