Had a discussion with a fellow Crystallex owner and something came up that made me reevaluate what has happened. I like many here have said things like how foolish we were and what a POS this stock is. The question that came up was given the economic circumstances at the time would I have still bought Crystallex whitout knowing the end result?
I hate to say it but yes I would. The problem isn't the investment being a bad idea, the problem is that VZ broke every promise and management disregarded their fiduciary duty and mislead us at every turn.
If we think back and look just at the situation we had it right. The economy was in trouble and gold almost hit $2000 an ounce about when we should have been in production. So what went wrong. We were MISLEAD badly by a group of directors that only cared about themselves.
The fault isn't ours. Lets put the blame where it belongs at Fungs feet.
JJ