Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Opting in

Sorry to come back to this topic but I was asked in a message about the risk of opting in and the impact on the award for those who don't opt in.

Firstly, I haven't opted in so can't comment on the risks. There are conditions where an opt in might have some risk but others can cover this better than me.

Those who don't opt in are most likely to be treated exactly the same as those who do opt in by the courts with respect to the award, with the benefit that they will not have to give up part of the award to Gowling. There are scenarios where the opt ins could get more benefit but as the opt in committee has not advertised I can't see this happening.

I do not recommend either route (but doing nothing is not the same as opting out). You should seek your own legal advice if you are unsure.

I believe both these questions are covered by the opt in committee giving similarly equivocal answers. I'm sorry but that is all anyone who values integrity is likely to do. You could ask the opt in committee how many shareholders have opted in and what percentage of shares that represents. On this forum it appears that I am in the very small minority of shareholders who have chosen not to opt in. I'm not suggesting you should follow the herd but sometimes that is as good a reason as any.

By the way, wouldn't it be useful to add a link to Gowling here?

4
Mar 27, 2017 08:02PM
2
Mar 27, 2017 08:36PM
1
Mar 27, 2017 09:33PM
1
Mar 28, 2017 12:35AM
2
Mar 28, 2017 04:49AM
4
Mar 28, 2017 05:29AM
4
Mar 28, 2017 05:42AM
2
Mar 28, 2017 08:03AM

Mar 28, 2017 10:12AM
1
Mar 28, 2017 10:55AM
3
Mar 28, 2017 11:16AM
1
Mar 28, 2017 12:21PM
3
Mar 28, 2017 07:32PM
4
bmh
Mar 28, 2017 07:41PM
4
Mar 28, 2017 07:59PM
3
Mar 28, 2017 08:01PM
2
Mar 28, 2017 08:07PM
3
Mar 28, 2017 09:46PM
1
Mar 28, 2017 09:57PM
1
Mar 29, 2017 12:09AM
2
Mar 29, 2017 01:39AM
2
Mar 29, 2017 06:05AM
3
Mar 29, 2017 06:11AM
1
Mar 29, 2017 10:17AM
1
Mar 29, 2017 12:33PM

Mar 29, 2017 02:07PM

Mar 29, 2017 02:25PM
2
Mar 29, 2017 03:03PM

Mar 29, 2017 03:06PM

Mar 29, 2017 03:07PM
1
Mar 29, 2017 03:16PM
4
Mar 29, 2017 03:26PM

Mar 29, 2017 03:26PM
3
Mar 29, 2017 03:29PM
1
Mar 29, 2017 04:43PM
2
Mar 29, 2017 05:23PM
1
Mar 29, 2017 06:43PM
2
Mar 29, 2017 06:49PM
4
Mar 29, 2017 07:00PM
2
Mar 29, 2017 08:30PM

Mar 29, 2017 09:20PM
1
Mar 29, 2017 11:14PM
2
Mar 30, 2017 01:31AM
1
Mar 30, 2017 02:31AM
1
Mar 30, 2017 07:54AM
Share
New Message
Please login to post a reply