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


To: viper who wrote (6028)3/4/1998 3:02:00 PM
From: Paul Lee  Read Replies (2) | Respond to of 10836
 
Statement By Crystallex International Corporation

VANCOUVER, British Columbia, March 4 /PRNewswire/ -- Crystallex International Corporation (Amex: KRY)(Toronto: KRY.) today announced that it has instructed legal counsel to commence proceedings against Asensio & Company Inc. for disseminating false and misleading statements about Crystallex and its officers.

Crystallex chairman Robert Fung categorically denied Asensio's unsubstantiated allegations contained in a report dated March 4, 1998 that asserts Crystallex has "no direct or indirect interest or claim to Las Cristinas gold concessions."

"We are outraged at any suggestion that Crystallex is disseminating false or misleading information in order to defraud investors and categorically and unequivocally deny the allegation," Fung said. "We note that the report makes serious allegations unsupported by facts, and then includes a disclaimer that 'Opinions expressed are subject to change without notice' and that 'accuracy in not guaranteed.' We have since learned that Asensio is a notorious short seller. Short sellers have a direct financial interest in depressing the price of the stock of companies they target."

Fung said Crystallex will pursue the matter with securities commissions and regulatory bodies in the United States and Canada, including the Toronto Stock Exchange and the American Stock Exchange.

Crystallex has retained the services of Cleary Gottlieb Steen Hamilton of New York with instructions to initiate proceedings against Asensio for its false and misleading statements and its efforts to manipulate the market in Crystallex's stock.

"Asensio has apparently decided that its writers are better placed to adjudicate Venezuelan law than the Supreme Court of Venezuela," Fung said. "For our part, the officers and board of directors of Crystallex have always had complete confidence in Venezuela's legal system and its Supreme Court of Justice. We do note for the record that our motions to enforce ownership rights over the Las Cristinas 4 & 6 gold mining concessions in Venezuela are before the Political Administrative Chamber of the Venezuelan Supreme Court."



To: viper who wrote (6028)3/4/1998 3:03:00 PM
From: John McDonald  Read Replies (2) | Respond to of 10836
 
Viper...Would you kindly give me the symbol of the Diana Corp?



To: viper who wrote (6028)3/4/1998 3:08:00 PM
From: Mr Metals  Respond to of 10836
 
Hey Buddy boy,

I told U Mr Metals had the power to put an end to your friends.

exchange2000.com

exchange2000.com

Boy am I good. Thanks everyone. I did what I had to do and it worked.

Like I said VIPER, U have no idea who I am.

Mr Tin Punk.



To: viper who wrote (6028)3/4/1998 3:31:00 PM
From: Fulvio Castelli  Respond to of 10836
 
The point of the post is that this slimeball tried to bribe, you understand? bribe someone to help his position. These are the kind of people you associate with and so I can understand how you would want to very conveniently ignore this point. Embarrassing isn't it?



To: viper who wrote (6028)3/4/1998 3:38:00 PM
From: Fulvio Castelli  Read Replies (1) | Respond to of 10836
 
What I'm wondering is not how they'll fund this lawsuit but how they'll use the proceeds when they knock this guy out of the park. Gonna be sweet ya big loser.