Subj: Stockwatch: Street Wire: Crystallex Booster DeSouza Challenges Regulators
Date: 10/7/00 1:27:49 AM Eastern Daylight Time
From: list@stockwatch.com
Crystallex International Corporation - Street Wire
Crystallex booster DeSouza challenges regulators
Crystallex International Corporation KRY
Shares issued 60,068,886 Oct 2 close $2.02
Mon 2 Oct 2000 Street Wire
GLOBE COLUMN SHOWS AVALON STILL GIVES GOOD PR
by Stockwatch Business Reporter
"I have kept records and have already contacted the regulatory and other
authorities with respect to this and will do what I can to make sure that
the people, especially on the Crystallex forum, are indeed tracked down and
held accountable should their words have any negative effects on the lives
of other forum participants. Perhaps this can help set a precedent for
accountability when presenting opinions about investments."
So spoke
the mysterious and secretive feature-piece poster, Clive DeSouza, in The
Globe and Mail newspaper over two-thirds of a page by the newspaper's
personal-finance columnist, Tony Martin, on Sept. 23.
With that challenge to regulators, Mr. DeSouza -- a 32-year-old Toronto man
who for three years has wanted to convince the world that he is the
obsessive Crystallex International poster-tout Avalon -- secured supportive
coverage in the national Globe newspaper for both himself and Crystallex.
The article, in Mr. Martin's Me and My Money column, is a one-source story
that both advanced Avalon's identity claims, and Crystallex's weird vision
of how it is the real owner of Placer Dome's Cristinas gold deposit in
Venezuela.
Mr. Martin will not say how Mr. DeSouza came to be featured in his column.
"Well, I hear what you're saying, but I sort of do my job," he says. "I'm
not so sure I'm prepared to give that out. ... The story, at least from our
perspective, is legit."
"What I will tell you is that I know what I'm doing and he's a legitimate
human being and that, you know, unless I'm ... I'm like anybody else, I'm
fallible. But I think it's a credible story and he's a credible person,"
Mr. Martin says.
There are, however, a number of questions left unanswered following Mr.
Martin's research of Avalon and Mr. DeSouza. The column listed Mr.
DeSouza's job title as "financial adviser," which involves being reasonably
available to the public in order to secure clients -- either for one's self
or for an employer. Asked if he knew where Mr. DeSouza did his financial
consulting, he said, "No."
Mr. Martin was sure of one thing, however. "Let's just say that he didn't
pursue me," which suggests that an intermediary set up the interview.
Whoever it was, Mr. Martin did not give out the spokesman's name.
Stockwatch in the summer of 1998 attempted to gain an interview with Mr.
DeSouza regarding his remarkable Internet posting history, on the basis
that it be conducted after his identity was verified by a lawyer and that
the interview be conducted in a lawyer's office, at Stockwatch's expense.
Avalon declined the invitation, in spite of constant claims on his part
that he has nothing to hide and that he, in fact, wanted the interview to
take place.
Highlight of the recent Globe column for those who have followed
Crystallex's on-line promotion was Mr. DeSouza's challenge to regulators to
help stomp out Internet fraud. Yet, while Crystallex was busy promoting its
Venezuelan court challenge, which began in March, 1997, Avalon was setting
discussion-forum records, having posted at least 3,200 times on StockHouse
during a 52-week period in which the stock ran to $11.85. He is also
credited with more than 2,500 posts on Raging Bull, the forum of choice for
him and other Crystallex touts since July, 1998. Avalon's most recent
promotional push for his favourite company was saying that the "rocket
launch" is coming.
A compulsive poster with seemingly a lot of time on his hands for lengthy
debates during office hours, Avalon also made posts in support of
Crystallex on other forums besides the two mentioned.
Mr. DeSouza's Globe and Mail comments about eradicating fraud on the
Internet are bold, considering that Avalon did everything within his means
to tout the stock of Crystallex, advance share-moving rumours and ensure
discussion-forum "purity" by hounding skeptics with expletives, verbal
threats and libel. As the forum policeman, he was without par. Those who
failed to toe the collected wisdom on the forums, were subjected to vicious
verbal attacks that nearly always had the effect of driving off opposition.
Here are some classic Avalon comments, from the man who wants to help
clean up the Internet:
"Stupid dumb f$#k that you are, you wouldn't realize this at all....now
would you??" (July 11, 1998)
"Like I said before...MEDIA WHORES!!! and despite the fact that they proved
to be right, my opinion still stands..." (June 20, 1998)
"CAN YOU UNDERSTAND THIS...I willl tyyypppeee sslllooowwwlllyyy fooorrr
yooooouuu...THEY ARE WRONG...WRONG...WRONG!!!!!!!" (May 23, 1998)
"I think I can spare a few minutes to debate a lowly, cowardly piece of
shit like you...gimme a call.." (February, 1998)
"I suggested taking some profit at $10.50." (March 21, 1998)
"DON"T YOU EVER, EVER presume to threaten me or EVEN QUESTION myself ,
Crystal or ANY of the posters, lurkers who have taken the time and effort
to LEARN about this play UNTIL you have even a modicum of understanding
about this company. Until that time comes you display only your ignorance.
(Feb. 4, 1998)
"Yup...I am a KRY tout...just like you're an expert in Venezuela etc etc
etc. ... Your attitude of F^%$ everybody as long as you can further your
personal agenda is pathetic." (May 25, 1998)
"I'll be calling you you lowlife...BE READY---" (April 8, 1998)
"Even if zi was going to the AGM, I would certainly not be speaking to
Jerry..or if I did, it would be either...F$%# OFF....or....Oops...sorry
about the orange juice....:)) Perhaps he would be interested in
interviewing Greg Pearson instead as I am sure Greg must be just thrilled
at that article Jerry wrote about him..." (June 23, 1998)
Mr. Pearson is a Crystallex shareholder and former company official who was
credited with helping to sculpt the company's public relations efforts soon
after Marc Oppenheimer became company president, in January, 1995.
Avalon claimed to have a full-time job at Canada Trust for much of the time
he was Crystallex posting. Following an internal investigation after he
left the trust company, Canada Trust officials said they had no idea how
Mr. DeSouza could have done any posting (let alone habitual posting) from
work since he nor any of the branches at which he worked had Internet
clearance. Besides, the officials said, he was never known to have been
on-line, according to his supervisors and co-workers they interviewed.
(Canada Trust officials say they investigated Mr. DeSouza due to worries
that an employee may have been promoting stocks while under its
supervision. The company has rules against activities that could bring the
financial institution into disrepute.)
In comments made on both StockHouse and Raging Bull forums, Avalon claims
his supervisors knew of his Crystallex habit. He says they turned a blind
eye because he was an exceptional performer at his job who could
accommodate both his Crystallex passion and scoring top marks on his job.
This post was made on StockHouse during an exchange with fellow Crystallex
poster MADone on June 23, 1998:
"MADone...get this straight...it is a TRUST company...I work with ESTATES
and TRUSTS...dead people don't care if their estate work is finished at my
office or at my home..neither does my boss.... all the beneficiaries care
about is that the estate is settled on time.....we have not been late once!
Yeesh..."
Earlier, Avalon posted, "Although my boss laughed at this, it is NOT the
type of fax someone who works at an investment banking arm of a TRUST
company should be recieving."
Canada Trust officials, however, said Mr. DeSouza did not work in estates
and trusts, which is a very small and specialized group within the company,
but rather was a general salesman who spent some of his time in a car
selling in-house mutual funds and Visa cards. Most of his time, however,
was spent in one of three branches from which he conducted his Canada Trust
business, according to Canada Trust.
Avalon claims to have been assisted in his prewireless Internet activities
with an Internet-capable laptop. Canada Trust management was skeptical of
this claim, pointing out Mr. DeSouza was not issued a laptop, and even if
he had his own, Mr. DeSouza was not known to have used it much. Susan
Fraser, Canada Trust's assistant vice-president of corporate communications
in August, 1998, said Mr. DeSouza's bosses have no recollection of their
former employee making use of a laptop on a regular basis; nor did he
broadcast his passion for Crystallex. "No one mentioned that they were
familiar with it (Crystallex)," she said. "We didn't hear anybody volunteer
anything."
In an E-mail sent to a Stockwatch reporter on May 7, 1998, Avalon explained
how he posted with his supervisors' approval. While not mentioning the fact
he no longer was employed at that time at Canada Trust, Avalon said: "The
regularity of my posts might give you the impression that my eye is on the
forum every minute of the day, but it isn't. Most times, you will see my
posts in bunches, i.e, two or three within a 15-minute time span and then
an hour or so break -- then back again."
Avalon revealed the identity of his employer as early as at least February,
possibly earlier, although he did not broadcast this on a regular basis.
The financial adviser said his supervisor discovered his Crystallex pastime
when he intercepted an abusive fax sent to Mr. DeSouza by another
StockHouse poster, and wanted an explanation. "He laughed at it but had to
report it as I deal in securities in various trusts and any hint of
conspiracy to commit some kind of securities fraud is taken seriously," he
said in the E-mail. "I had to show HIS boss the forum to placate him and
explain that I do sometimes come up against some idiots."
Later, in July, Avalon told the Crystallex forum that his Internet hobby
was generally known in his area of work. Commenting directly to a reporter,
Avalon said: "Now, if you read my prior posts as closely as you claim to,
you would know that I already have my own office, I do not work in a
branch, and my boss and co-workers laugh at you too," he said. "Man, it's
just one big party around here when you write something. LOL (laughing out
loud) . . . ROTFL (rolling on the floor laughing) . . . LOL . . . LOL . . .
ROTFL . . . Oh, someone please help me. I am going into spasms due to my
fits of laughter. Whalley?? LOL . . . urk . . . I don't really care if you
are looking into my past employment history." (The comments in brackets
were added.)
In his Globe interview, Mr. DeSouza said he wants the authorities to stop
posters from generating unsubstantiated rumour where an unscrupulous
individual could hype the stock and then "sell into a false move upwards."
Whatever the issue, however, and whatever the rumour, there was Avalon
close by to offer his guidance and his own unique brand of hype, abuse and
adolescent humour. One rumour had it that Placer, knowing it would lose a
court challenge by Crystallex (Crystallex was, in fact, simply asking the
court that it be considered an interested party, which the court denied),
had made an unofficial offer to KRY management of $23 a share.
"Your friend is correct," Avalon wrote midday on Sept. 26, 1997. "There has
been pressure from the government for a joint venture. I'm okay with that
as long as the deal gets us mucho more than $23 a share, AND we get to sign
(Placer president) John Willson's pink slip. Hey, if we all hold 10 per
cent of the outstanding shares, I think we deserve MUCH more. Sorry for the
numerous 30-second posts. I'm just a LITTLE excited right now."
Earlier, on Aug. 3, 1997, Avalon offered this investment advice. "I do
think that there will be an opportunity to profit after the announcement is
made..if CB and Mesa are correct about a take over (BOOM BOOM BOOM) EG:
Announcement and the stock goes to 12-15. You will most likely be able to
buy in before any deal is made public at $23.00 or whatever...reduced risk
but less reward. AV," he said. "PS. If Brazil results are very positive I
believe we will most likely have a PDG JV for LC 4 & 6."
PDG JV for LC 4&6 means Placer Dome joint venture for the Las Cristinas
concessions, while Mesa is the posting handle of disgraced Vancouver broker
Robert Van Santen. Mr. Van Santen exists on the industry's fringes by,
among other things, participating in Internet discussion forums and
offering chartist advice.
In July, 1997, Mr. Van Santen relayed some of the information apparently
passed on to him by the Crystallex president. Among the happy talk, Mr. Van
Santen as Mesa said, "We are sooooooo close!" Mr. Oppenheimer is
"absolutely delighted" with the legal case. "No wrinkles!"
When the forum was reminded of Mesa's posting a year later, after the stock
crashed, Avalon rushed to Mr. Van Santen and Mr. Oppenheimer's defence with
a patented response that began "Hey moron ..." and "First of all, you
jackass ..."
Then there was Avalon's role as staunch defender of Crystallex management,
combined with his hypsterism. At a meeting in Victoria, B.C., in early 1998
with investors and Crystallex president Mr. Oppenheimer, the Crystallex
director apparently said the stock would be at $25 in a few months.
Reminded of this long after the fact by an unhappy shareholder, when the
stock was under a dollar on July 8, 1998, Avalon was again quick to come to
Mr. Oppenheimer's defence. "-MO said $25.00 within three months...He was
making/using an ANALOGY but people there took him to mean this literally."
He added, "As far as quotes from KRY, let me remind you of the many
comments that have been attributed to management that were either
misconstrued or were absolute lies."
Some posters suspected that Avalon's breadth and depth of knowledge about
what was going on at the company and the issues that surrounded it could
only stem from an individual who was in regular contact with Crystallex
insiders -- or was one himself.
One poster, MIC, apparently a Quebecois, ran into Avalon's strict regime on
Feb. 10, 1998. "He has come on here with accusations of "professionsl
posters"..and named ME..WRONG, he has called me a LIAR...WRONG, he has
claimed that the directors are exercising options...even AFTER they have
told us that they are NOT. ... RACIST REMARKS ASIDE, HE DESERVES WHAT HE
GETS FROM US. -- Feb 10, 1998
The chronic Crystallex promoter continued to feel the heat following his
favourite stock's crash following the June 11, 1998, court decision. Here
he tries out satirizing another poster complaining about his reversal of
investment fortunes. "I have had it with this!! This sucks! I'm never gonna
post again!! Never I tell you NEVER!! Nihon sucks, MO (Marc Oppenheimer)
sucks,Fung (chairman Robert Fung) got funged, KRY is gonna crash and
burn...what a promo...this company has nothing! Now where is that pacifier
of mine...?? wah, wah, wah!!!"
Avalon often purported to know what was going on behind the scenes with
Crystallex. On May 27, 1998, he argues with someone about whether or not
Mr. Oppenheimer was hopping on an airplane after being told of the imminent
ruling by the supreme court of Venezuela.
"If MO left for Venz because of a possible ruling, then sir, I have to
credit you with pulling this rabbit out of the hat sometime last week," he
told another poster. Charting the position of company officials became
something of a pastime with many posters, but it was often Avalon that gave
the impression he knew exactly where they were, why they were there and
where they will be in the near future.
Avalon himself was silent on his sources of information, but he and his
on-line friends characterized him as simply a hard worker with good
contacts. With his quick mind, he was more often than not the first on the
forum with the latest development. Avalon was quick to point out to the
world the "correct" way to interpret whatever was going on, such as court
documents, a class-action lawsuit (there were several), who was filing it,
who was participating in the discussion and what their "agenda" was, and
what just about everything meant.
At least once, he gleefully played the intimate-with-Crystallex-officials
card, boasting once that Mr. Fung had telephoned him around noon to pass on
word that he was "very confident that things will work out well" for the
company. (Mr. Fung is a former vice-chairman of Toronto's Gordon Capital
who was constantly chatted up by the in-the-know crowd as a "billionaire."
Avalon did nothing to discourage such chatter; for that matter, neither did
Mr. Fung. The notion that Crystallex had a "blue chip" board was one of the
central items in the company's promotion, although there was little
evidence the board was useful for anything more than window dressing. Mr.
Fung and former board member Robert Nihon split an $800,000 payment for
their work in securing (by bidding more than anyone else in a public
auction) some Rea Gold Corp. assets in October, 1998. This deal, too, was
hinted at by Avalon long before it took place and of course he spent much
Internet energy after the Rea Gold deal justifying the director payments
and the deal itself.)
At times, Avalon appeared to have magical powers, as in Super Tout, able to
be in two places at the same time. On March 18, 1998, Crystallex was
lambasted by a Venezuelan congressman at a Miami mining conference for
running a stock promotion at his country's expense. At that time, Placer
had halted construction of the huge Las Cristinas project because of the
uncertainty generated by the court challenge and the hype surrounding it
(not to mention low gold prices). The congressman was upset that economic
development poverty-stricken Bolivar state was being held up because of
Crystallex's "privateering."
While Congressman Raphael Acosta was speaking to investors and journalists,
and the company's shares were dropping quickly, Avalon described what was
taking place in the Crystallex hotel suite. At the time, management was
considering its response to the congressman's statements, and Avalon the
public relations master tried to calm anxious Crystallex investors that Mr.
Fung was on the phone to the Toronto Stock Exchange discussing the halt.
The only trouble was, Avalon was supposedly at work in Toronto thousands of
miles away.
When later questioned on the forum about this miraculous reporting, Avalon
said that during the time in question he was on the phone to Miami with
investor-relations man Richard Marshall. During his conversation with Mr.
Marshall, Avalon had simply overheard Mr. Fung on another phone to the TSE.
Well, that explains everything, but skeptics still wondered whether the
well-spoken Mr. Fung had leapt out of character and was shouting at an
unfortunate TSE official, or the Miami hotel suite were the size of a
closet.
Even taking Avalon at his word, however, Mr. DeSousa was particularly
unproductive that day for the trust company. The financial adviser posted
to the Crystallex forum 16 times during office hours, starting at 8:30 a.m.
and ending at 3:24 p.m. Many of the posts appeared to explain in some
detail what was happening in Miami. Mr. Marshall must have had a relaxing
time on the phone to his old pal Avalon during that time, as well.
When commenting on why senior management seemed unkeen to speak with some
of the journalists in Miami that expressed an interest in the story from
Crystallex's point of view, in particular the Northern Miner or Platt's
Metals weekly, Avalon had detailed answers to why management could not talk
to skeptical reporters. The way he told it, responsibility for missing the
interviews lay with the editors in question. (Mr. Oppenheimer and the
publications in question never did have their interview about Mr. Acosta's
charges. Instead, the company president kept out of sight and only issued
several general statements denying the congressman's charges. One of these
statements was picked up by Reuters and was subsequently ballyhooed by
Avalon as an example of how management did not duck the press in Miami.)
Stated Platts on April 20, 1998: "Efforts to interview Crystallex's
executives for this article were largely futile. They dodged a Platt's
editor at a recent investment conference in Miami and declined to meet with
the Platt's correspondent in Vancouver."
Avalon was close by to provide a version of events that management would
surely have approved. "Ask Platts WHY he was not given an interview,"
Avalon said in a May 23, 1998, posting. "Maybe because he tried getting one
in the Miami hotel room when KRY was talking to REUTERS...you remember
them..they're the ones who bothered calling Venezuela and getting (fellow
congressman Dr. Bernardo) Alvarez's opinion of what Acosta was saying..
According to YOU...I was THERE..remember ??? So wouldn't you therefore
conclude that I KNOW what happened!!! :))))."
Sounding more like a hustling Howe Street paper hanger than a financial
adviser whose hobby is following his favourite company, Avalon also said on
May 23, 1998: "It is about as irrelevant as quotes from your last article
in which you discuss MO not wanting to talk to Northern Miner and
Platts...Why don't you ask XXXXX EXACTLY what happened...also ask her if
she was not given the opportunity to meet with KRY lawyers..Canadian AND
Venezuelan to discuss the case but turned the opportunity down. Saaay..why
doesn't she mention THAT?? Probably because IMO...she , just like you is a
media whore who fabricates stories and scenarios to try to get a wider
audience.
Then there was the awkward matter of Eurus Resources Corp., which had
amalgamated with Crystallex in 1995. A Eurus board member said that at the
time of the deal, Crystallex under Mr. Oppenheimer had failed to disclose
-- and certainly there were no press releases to this effect -- that the
government of Venezuela had "absolutely nullified" a transaction for the
so-called Carabobo properties. At the time, these properties were central
to Crystallex's promotion under Mr. Oppenheimer's direction and the company
had said the deal was done and the properties acquired. Raising
Crystallex's value meant a better deal for Crystallex shareholders compared
with Eurus shareholders. (Eurus shareholders appear to have put the matter
behind them and have not sued Crystallex for fraud over the affair.)
When reminded of the deal, Avalon responded as though he had been involved
in the Eurus negotiations, calling the Eurus director in question a
"nutbar/loser." In addition to giving the impression of close ties to the
1995 deal, Avalon has also said at other times that what happened before
the Cristinas challenge was ancient history, irrelevant and not worth
investigating.
Then, of course, there is the need to establish one's credentials as
someone who does not hype the target of his affections. "As far as me
hyping KRY, I don't believe I have EVER posted a buy recommendation," he
told a poster on May 26, 1998. "In fact, wasn't I one of the few voices
that urged people to be careful when the price moved from 7-11 dollars as
we had no official news from either company?? Yup...I am sure it was!"
Being cautious was second nature to Avalon.
He was always careful to underline the fact that he was just a regular guy,
who bought 6,000 shares in 1997 because he believed in the company's
chances before the supreme court in Venezuela. Despite being shown virtual
proof in the form of translated court documents that the court was not
about to issue the "fourth and final" ruling on the case, Avalon maintained
and advanced the party line, much to the detriment of many investors who
were in awe of his unrivalled position as forum leader.
One of Avalon's main roles on the StockHouse and Raging Bull forums was
providing staunch support for a dubious collection of cyber-touts,
promoters and one or two who appear to occupy the outer fringes of reality.
Among these were banned broker Mr. Van Santen, the editor of an
English-language Web site that dealt with Venezuelan affairs named Roy
Carson, a broker in Mr. Oppenheimer's home base of New Jersey who worked at
one of the America's biggest securities firms (Morgan Stanley Dean Witter)
and a lawyer who claimed to have the answers to just about any legal
question related to the company.
Some of these people had a very cozy relationship with Crystallex
officials. The garrulous Mr. Carson was constantly dropping hints that he,
Mr. Fung and Mr. Oppenheimer were bosom pals and spent a lot of time
together in Caracas; he even made public Mr. Fung's elevation to board
chairman five days before this information was released publicly.
Then, of course, there was Avalon's support for Mr. Carson, whose
unreliability was made clear when shown that his on-line resume came up
woefully short after a reporter contacted one of his supposed full-time
employers. "As far as Carson is concerned, let's be fair to the man,"
Avalon told the forum. "EVERYTHING he has reported thus far has been dead
on."
The Avalon-Carson tag team worked well for Crystallex. It did not do so
well for anxious investors who were advised by Mr. Carson on June 11, 1998,
wrongly, that the court was not going to rule that day. "The court has
CONFIRMED that it will be issuing NO RULING today on the Las Cristinas
issue," Mr. Carson reported to his E-mail subscribers shortly before noon
the day the decision came down. The day earlier, the stock was hit by
unconfirmed reports that a ruling from the court was imminent. Starting
June 10, 1998, the stock tumbled from about $6 to about $1 in two days of
hectic trading.
"First of all, realize this..Carson has a documented HISTORY as a
journalist prior to VHeadline news and KRY...he is not one of those people
who will just disappear," Avalon said on April 18, 1998.
Mr. Carson's Web site was hosted by StockHouse during the time Crystallex
of the Venezuelan court promotion. In addition, Avalon appeared to be on
friendly terms with StockHouse, at least before July, 1998. He boasted that
he was able to have posts removed from StockHouse at his request.
(The Venezuelan court promotion continued long after the court handed
Crystallex it walking papers, possibly for the benefit of justifying and
completing $25-million in payments from the company to Dutch Antilles-based
Red Glove AVV as compensation for the "title" held through Crystallex's
Venezuelan-based subsidiary, Inversora Mael. Keeping courts occupied in
Venezuela with a nearly endless string of dead-end legal challenges was
also handy in bolstering Crystallex's defence against several class-action
suits during 1998 and 1999.
The central fixtures of Crystallex's Internet promotion were not officially
endorsed by the company but existed as a kind of parallel support mechanism
that seemed to have the company's approval; at least, it seldom if ever
tried to distance itself from what was going on in the forums. Mr.
Oppenheimer spoke glowingly of Mr. Carson's fact-challenged reporting at
the 1998 annual meeting, and he made other nods-and-winks comments about
what was going on on-line to investors gathered in Vancouver. Indeed, as we
have seen, Mr. Fung fielded calls from Avalon and the company's senior
management showed up for a backslapping booze-up at a Vancouver watering
hole with the cyber-touts in June, 1998. Avalon was seen at both the 1998
and 1999 annual meetings; Mr. DeSouza, however, only showed up for the 1998
one, ostensibly to meet a Stockwatch reporter, a meeting that did not take
place.
The tag team, led by Mr. Carson in this case, also did well in getting out
the message that unnamed special interest had bribed the court into
deciding against Crystallex. This was a theme that was also picked up by
newsletter writer Bob Bishop, who spoke darkly of how a "suitcase full of
money" can solve a lot of problems in countries such as Venezuela.
Like Mr. Carson, Avalon had many problems differentiating truth from
fiction -- or, at least, in keeping his story straight. "I bought in at the
high end . . . $6.05-$6.40," Avalon posted in July, 1997. "I am already
down and to be truly honest the only thing that has kept me in this stock
are some of the very valid comments about KRY's legal position." Later,
when the stock was in the 50-cent range, in August, 1998, Avalon expressed
disappointment in the efforts of the blue chip board which, to veteran
watchers of touts and promoters, was the signal to buy. Indeed, the stock
began to recover shortly after he made those comments. Capping it off, he
told The Globe he did a lot of buying of Crystallex shares at the
50-to-70-cent range and now his investment averages "just over a dollar."
This means that when he was buying Crystallex -- "every penny I had," he
told The Globe -- at exactly the time he was sharing with the forum his
rare disappointment in the company's directors.
"As I said ... I stand by each and every post that I have ever put up."
(September, 2000)
(c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com
***************************************************************************
This bulletin is sponsored and has been sent to you for no charge.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
To remove yourself from this mailing list, access this URL:
stockwatch.com
For more information about this service please contact the
advertising department at Stockwatch 800.268.NEWS or 604.687.1500 |
