Ward. It looks like you may be right wrt KRY, FOM.
I suggest KRY holders do some dd by calling up other cos. in Ven. They may be surprised as to what they hear. Oh let me guess, court ruling Tues. or next Tues or... Thumbs up to you Ward on another good call.
Check out stockhouse for this post by Stayrich:(If this is at all accurate it is no surprise no me.)
To start with I am VERY long and a very big believer in KRY. I've owned Crystallex for years and have
lurked on this thread for some time. As a result of this thread I bought 20,000 shares of Foran at about
$1.20 a while back as a bit of a flyer as it was obviously going to be somewhat promoted by mesa1 who
is a bit of a fan favourite here (well deserved by this deal alone I might add). I left it at that until mesa1
vehemently suggested we do our own due dilligence. SOOO....after doing some D.D. I thought that I
should share some of what I learned with this forum. First of all after being quite impressed with mesa1
on this thread I feel compelled to tell everyone that he doesn't check out quite like the person he comes
across as on this forum. I believe he's been involved in KRY (primarily as a broker) since being
introduced to Crystallex by Stihlwell ( Patchell, Pearson, Tomanik) in 1991 or 1992 and he still remains
very well informed on Crystallex. However, besides being involved in a string of very poor/questionable
deals (Ghana gold, New Sage,Keystone....ouch) over the years, more disturbing are his very serious
troubles with the Vancouver Stock Exchange and more so with the Superintendents Office. It sounds as
if Mr. VanSanten (mesa1) is currently banned from the brokerage business and is fighting a hefty fine
(largest in V.S.E. history?) along with a couple of former client lawsuits. Sorry Rob but you have asked
us on many occassions to check out you anf Foran. Foran didn't seem to check out any better. It has
been run over the years (very non-eventfully) by a bit of a rougue lawyer by the name of Bernie Zinkhoffer
who is better known around Vancouver for shorting deals than building public companies. The President
is a fellow bases in Calgary named McKeekin who is an independent oil & gas consultant and what
sounds like a glorified office manager for another oil & gas/construction company. Then you have a
couple of consulting geologists -- Peter Dassler whose claim to fame is First Choice Indistries ( 7 cents
) and Stephen Masson who it appears has a pretty reasonable background ( and I would hope so for 1.6
million shares ) although no experience in small cap junior exploration companies such as Foran. The
glue for this company (Kissenyew property, Masson, Dassler mesa1) seems to be Greg Pearson---who
has evidently split with his Stihlwell partners and is no longer employed by Crystallex. He apparently
hasn't endeared himself to Oppenhiemer etc. either by sliding Foran onto the Crystallex wave at this
juncture in the deal and intimating that Crystallex management and or insiders are in some way part of
it. They apparently are NOT! So what they have is this management team, some good exploration
properties in the middle of Canada with very little or no work done on them, and some wild rumours of
Billion dollar acquisitions for 10 or 12 million.........as mesa1 says ............hmmm. Personally I have
sold my 20,000 shares, however on the strength of their well paid promotional team (Pearson, Mesa1,
Frank/Grandich, Binning etc.) the stock could go higher on pure promotion & storytelling (primarily to
KRY shareholders) but the easy money has already been made. Any comparisons to KRY--past or
present--are pure and absolute B.S. Foran is a grass roots exploration company in what at this time is a
tight V.S.E. shell (until these Private Placements, warrants & property acquisitions start coming free
trading).....I urge all to do some due dilligence. |
