Re: Tell Me Why
in response to
by
posted on
Jun 23, 2014 06:42PM
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 you are complaining about the judge who was given a case to preside over.
The original deal for financing that was presented to the court wasn't for 70% like were looking at now. I think if you go back and look at the 2 options presented to him between Tenor and the noteholders he made the right choice.
Blaming the judge for Fungs failings to arrange fair financing and to protect shareholders against further dilution isn't realistic. That was managements job!
As far as a pink cloud. There are people out their with integrity they just aren't associated with Crystallex. Absolving Fung for grabbing every penny he could for himself and friends under the guise that anyone would do the same is cynical.
If you expected to get cheated by management why would you support them.