Into 5th Business day, No Monitor Disclosure...
Noted the following on another hub...
"Have already complained, but apparently am on the “Squeaky Wheel List.”
Seems Canadians have a higher tolerance for, “squeak,” than USA gov’t employees.
One person can only do so much. So, up to you guys. The more the merrier...
Office of the Superintendent of Bankruptcy:
Telephone: 1-877-376-9902
Fax: 1-877-827-7139
Email: ccaa_lacc@ic.gc.ca
For those not sure what to write, maybe something like; There was a hearing on Oct 11 concerning Crystallex CCAA, and there is still no Monitor update showing the court filing. Is the company still under CCAA protections?
Under CCAA regulatory requirements, all Court Filings are to be posted within two business days of receipt by monitor. Since the Monitor is in the courtroom on the day, they basically are in receipt on that day. At a stretch, could call it the day after, maybe. Now four plus (including the court date) business days have passed without disclosure. So, seems overdue.
Unfortunately, CRYFQ/KRY shareholders have been beaten into submission for so long without disclosures, that there is no longer any expectation of disclosure. Just pointing out that there are regulations that protect shareholders by mandating disclosure."
Anyway, can't hurt. Disclosure is a good thing for investors. Actually thinking that if something really bad were to happen, then it would be in the newspapers or online. Regardless, the monitor should be held accountable as they have a duty.
