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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

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Message: The Equipment

The Equipment

posted on Oct 22, 2009 11:58AM

It would seem to me that since the equity in the company at this point in time is less than the debts owed, it would not be worth the time to attempt to sell the equipment for any purpose whatsoever. It currently is owed to debt. Unless Fung can get financing to promote an arbitration, sell the company or have a favorable outcome with Venezuela, it would seem that from the managements point of view, to let a bankruptcy judge and trustee handle the sale of any assets to pay the preferred. I own 32K @ .71.

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