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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: 25th Monitors Report. E&Y

We are shareholders, and in banckrupcy, we are last on the food chain. We can only get what is left after creditors and debt holders get paid. 

The Crystallex bankrupcy, however, is not an average one. With the expectation of getting an award amount in excess of what was required to pay debt holders and creditors, Judget Neubold ruled that, in equity, the shareholder could not be wiped out. Trouble is, that Mgt. and Tenor worked together to orchestrate the fleecing of the shareholders to wipe out the "excess" money for their own benefit.

This is precisely what the Oppresion case is all about: demonstrating the fleecing of the shareholders by Mgt. and Tenor, and to have the court undo the shareholders' fleecing.    

 

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