Re: Any date or time frame for note holder ruling?
in response to
by
posted on
Dec 16, 2009 07:43AM
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
brun, i dont see us going thru an arbitration (at least to the end) but....
other cases in icsid have concluded that in order to be awarded "lost profits" a company must have a "demonstrable ability" to show profits....this is a tough one imo...
my best guess is kry would pretty much be gauranteed $300-$500mil with lost investments+ interest......lost profits are up in the air..
our best course of action imo is to find financing to keep us alive until:
a- the govt changes
b- ven gets hammered in icsid on any case (which would increase our position)
c- ????