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Gold/Mining/Energy : Winspear Resources - Eric Charters Only!
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To: The Fix who wrote (64)12/10/1998 8:49:00 AM
From: E. Charters  Read Replies (1) of 99
 
Well Fix, these shareholder's action suits are a dime a dozen in the States but all this is, is predation on the company by people who confuse Stockhouse and SI with company announcements. They will not be able to show that Crystallex knowingly or wilfully misled the public, its shareholders in any substantive way.

This suit is weak in two main areas, a clear statement of claim of what was the wrong and how and who was the author of the wrong by what statement or action.

Eager beaver lawyers have fed the greedy shareholders a bill of goods and false expectations in this suit. Talk about misleading. The shareholders in this case are solely responsible for their own demise in a clearly stated and honestly run market on a very chancy court case. Crystallex stated facts. They had an agreement with a Venezuelan company, they had title to the claims. They had previous favourable agreements from the Supreme Court.

Where did they mislead? Even Hildegard De Sanso, the Supreme Court Justice noted in there decision that the Court was reversing its two previous decisions. She said so in so many words. So I see an early dismissal on this matter. The wishy-wash case may attack the early representations of the company concerning the Santa Elena. But that has been gone through and cleared up. Title to concessions in Venezuela is always a grey area. It is not as open and shut as North America. So the granting of concessions can be made to seem very tenuous where just about all companies are in the same boat except CVG who do not seem to need a concession at all. Just a gun.

EC<:-}
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