CRYSTALLEX INTL CORP COM (fka CRYFQ)

[jcwillis]

Well, the Ticker was Delisted on TSX and Venture...

Imagine anything is possible to trade shares if absolutely necessary, maybe even some back room deal or whatever. Might cost more than normal to do such things. Shares under normal Canadian jurisdiction within Canada, can only be moved under strictly defined conditions, such as for tax loss.

Link to Company PR:
http://www.crystallex.com/News/PressReleases/PressReleaseDetails/2012/Crystallex-Announces-Temporary-Cease-Trade-Order1128999/default.aspx
There is a link in the company PR to the actual "Temporary" Cease Trade Order. Six months come tomorrow. Yepper, temporary.

The company is well in arrears on their financial disclosures/filings. Are they trying to hide something? Well, they are not filing anything except some look-alike financials that are not yet considered as appropriate. Not saying it is happening here, but Not Filing or delayed filing, especially in Pinkies, typically indicates the company is trying to hide or delay disclosure of something. For whatever reasons, likely not good for commons.

And once outside of the CCAA/11 protections, they better get a move on, on those fins, because the SEC has been stepping up their Trading Suspensions for filers not up-to-date, and the Greys could be next stop. Also, not good.

As for the cash burn, here is my post on another board:
"On the million a month being spent.
Using, on average, 21.67 work days in a month...and, 8 hours in a work day..., that's about 173.4 hours/month, or 10,402 minutes.
They are burning about $96 dollars per minute.
More than $5,750 per hour.
Man, we all gotta find a gig that pays like that."

Have a great wekend.

GLTA