Re: Not Expecting Miracles
in response to
by
posted on
Nov 02, 2010 05:54PM
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
EZ-" I love the loyalty to a man who's nearly killed himself, going back and forth from Canada to Venezuela to China for some 18 mos. now trying his best to maximize our value. He's taken us from the verge of bankruptcy to this phenominal deal"
"nearly killed himself"? "taken us from the verge of BK"? "phenominal deal"??
you're joking right?
i'm so sick of hearing about how great fung is i could puke! ...also, regarding doug, keep in mind that doug actually owns a large piece of GRZ, filed for arbitration while he still had the funds in the bank to do so and most importantly DOUG HAS ACTUALLY MADE SOME VALUE FOR SHAREHOLDERS IN THE LAST YEAR/TWO....
fung has made insane money off kry for over a decade, owns virtually none of the company, and has seen the market cap dwindle to tenths of it's previous value.
imo the worst thing he's done is drag this thing out at least 2 years farther than he should have (although this remains to be seen for another couple months) AND IMO he did it to extend his own benefits, not raise shareholder value...
what possible reason is there to continue on the way we have?? it's way past time to tell venezuela that "we will be filing for arbitration next week, if you still would like to negotiate you're welcome to, but at this point we must cover our bases"
hugo can expropriate/decree/issue permits at will with the wave of a finger...if he wanted this to happen, it would have happened, he simply wants to drag us out as long as possible and hope we financially die on the vine..if we can show him we have the will (and wherewithall) to go to arbitration maybe we'd get something actually done.
all i can say is that fung better have a plan B!