- By press release dated January 14, 2009, Gold Reserve advised its shareholders to reject the Offer and went on to refine its forward-looking plan to "realize considerable value related to its Brisas investment" by either (a) negotiating a beneficial offer for the Brisas Project with the Venezuelan government or (b) seeking recovery from the Venezuelan government under Venezuela's domestic legal system or under bilateral investment treaties to which Venezuela is a party. Rusoro believes the Offer would provide significantly more value to all Gold Reserve shareholders than Gold Reserve's refined plan for many reasons, including:

-- Rusoro believes that Gold Reserve has not demonstrated sufficiently constructive relationships with the Venezuelan government to negotiate a reasonable offer for the Brisas Project.

Correct me if I'm wrong...but what do "relationships" have to do with contract law and anticipated award based upon the facts? 'It is what it is' in a legal sense no? Can Venezuela say...."yes, contractually, they are due 2 billion in compensation but we didn't have a good relationship with them so we're only going to pay them $1000"?