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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Jackson who wrote (4449)1/22/1998 10:37:00 PM
From: Bob Walsh  Read Replies (1) | Respond to of 10836
 
KRY will get the drill data since it was made available to CVG and I believe MEM (this has been covered previously).

There is a posibility that PDG may have no rights to whatever improvements it made on the land. Also, KRY already has the title to the land and PDG has no legal standing to bring any action against KRY. PDG can not delay KRY's mining efforts on the land.

KRY does have a type of poison pill.

Regards,
Bob



To: Bill Jackson who wrote (4449)1/24/1998 12:03:00 AM
From: tanoose  Read Replies (1) | Respond to of 10836
 
Hello Bill;

You wrote;

"Does KRY have any method to forstall a PDG takeover bid>, like a shareholder rights plan or other poison pill?

Yes they do, the way that MO and RN have set up the rights to LC4&6 for KRY, it allows them a "backdoor" in other words if a hostile takeover was launched against KRY, the rights to LC4&6 are protected, so in effect it and KRY are both protected by this clause.

It is in KRY's annual, for anyone interested, it also shows how well the thought process was put into place by MO and RN and no doubt RF.As time proceeds, more people will begin to fully appreciate the value of these three gentlemen, and what they have brought to KRY.

With regards,Frank

P.S. Good to see some very good posts with intelligence applied by all, long and short alike, if we talk to each other and demonstrate respect to each other we all become better in the long run, after all we are all in it for the same purpose, and that is to "profit". We can do that and be civil as well.