CRYSTALLEX INTL CORP COM (fka CRYFQ)

[Curse]

The sell off did not surprise me. 13 seems to be the range where mm want us now but who knows how long that will last.

The stay. I see absolutely no benefit for noteholders to remain on ice any longer. They already owe court costs that must be at least 2-3 million for both appeals. At a minimum they are losing an extra 5% PIK interest that would be a no brainer to get approved in a plan of compromise. Probably could get a few shares thrown their way as well although I would not be happy with that arrangement.

The syndicate must be in shambles if this truly was their strategy, to fight all the way to supreme court for an appeal based on New York style law. If common sense shows back up they will realize if Crystallex emerges their bonds should increase in value and become liquid again. Since this syndictate seems to have bought them at a steep discount then they should be able to pocket some money.