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Gold/Mining/Energy : Crystallex (KRY)
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To: Moot who wrote (7282)3/21/1998 10:47:00 PM
From: Libertarian22  Read Replies (1) of 10836
 
Moot---Re legal arguments, the stock price etc.

I appreciate your pursuit of the facts. Let me give you my view of this. .

I am a CPA and an attorney. I practice as a CPA doing litigation support. That means I testify a lot in court cases as to the value of businesses, hidden assets, fraud etc. I have testified over 200 times and have been involved in many more cases that have been settled etc. I have played around with mining stocks for years. It fits my occupation and is fun.

I heard about KRY early on and chose to ignore it. I do not like to "bet" on legal outcomes as courts are notoriously fickle and slow. Most cases are settled to avoid this problem.

Late last year I decided to review the situation. This was after a number of people kept raising the issue. Besides it sounded like fun. Admittedly I have not made it a crusade nor have I retained all the facts. I have talked to a number of people about it--most recently at the PDAC. I tried to view the case as if I were going to take it on a contingency with the option I could pick either side.

I was quite impressed the the KRY position. It comes down to the supreme court decision. Recently I have been just as unimpressed with Asensio and related short arguments. It does not come to my standards of a serious investigation.

It reminds me of an attorney in court who says he is going to prove something but never does. However if he keeps repeating he proved it maybe someone will believe it. This is a common tactic when you do not have a case. Sometimes it does work. Recent tactics follow this except it is being tried in the market.

Also it appears the attempts at this are becoming more frantic and desperate. At this point it is humorous and predictable.The latest is the lack of gold. I think PDG should give it to KRY and we can all go home. The next thing will be a sex scandal? However these tactics can work most often on a temporary basis. The press manipulation has been masterful.

The difference today is that the internet can now more quickly respond to misinformation than the "good old days" when some people could gain an informational advantage and make money accordingly.
That is what is happening here and it is fun to watch the interplay.

Anyhow happy investing.
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