Fixer,
The more legitimate questions that are asked and the deeper various posters look into the connection between Luc Rombouts and S. Muller, the more this whole story smells bad. I copied this from CSW:
Author: halcrow -- Date:2000-01-10 12:00:24
Subject: sniffles piffle
What has been demonstrated is the amount of money that could be made in a successful promotion.
Some may be familiar with Kensington Resources (KRT), Forte a la Corne and Dr. Luc Rombouts.
Another footnote in this interesting saga is contained in a SW news release of Jan 26, 1996 which details (when the stock was trading at $1.84) a Serge Muller's 230,000-share participation in a private placement at $0.90 - which also gave the participants one warrant with the right to purchase another share at $1.00 in the first year, $1.20 during the second year.
This was a fortunately timed private placement, as the shares did hit $4.11 on May 13, 1996. Presuming "lucky once, lucky twice", that $437,000.00 grew to $1,890,600.00 - excluding brokerage fees of course.
Alas, KRT shares are now in the $0.24 range.
That $1.4-million would be enough to keep a few more generations in diamond-polishing materials. Brgds
Interesting eh:-))It would appear that there could be many more excellent shorting opportunities yet, if the TSE doesn't turn the lights out first.
regards,
teevee |
