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Gold/Mining/Energy : Crystallex (KRY)
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To: Avalon who wrote (9501)7/26/1998 8:36:00 AM
From: michael robinson  Read Replies (2) of 10836
 
i think i can provide some information about the mysterious $23 offer.
as i understand it, a director of pdg (who was not an employee) decided to try to reach a compromise with kry. without clearing this with the rest of the pdg board, this person suggested to rf that $23/share might be a fair price in terms of a pdg buyout. kry thought the price was too low, and that was the end of that. the point to be made here is that this was never an offer formally made by pdg, but rather was an attempt by an outside director of pdg to find some common ground.
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