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

To: tanoose who wrote (6096)	3/4/1998 10:11:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 10836

ASENSIO & COMPANY: CRYSTALLEX ISSUED YET ANOTHER FALSE STATEMENT NEW YORK, March 4 /CNW/ -- The following was released today by Asensio & Company: Yesterday Crystallex (Amex: KRY) released a statement claiming that it has motions before the Venezuelan Supreme Court "to enforce ownership rights over the Las Cristinas 4&6 gold mining concessions." Crystallex has no motions pending in any court that can result in it obtaining an ownership interest in these mines. To begin with, Crystallex has failed to fully disclose the agreements under which it has paid over $13.7 million to Inversora Mael, C.A. ("Mael"). We ignored this large uncertainty. In any case, neither Crystallex nor Mael have any motions before any court that can result in it having any "ownership rights over the Las Cristinas 4&6 gold mining concessions." Furthermore, Mael has twice, not once, released all its possible claims on Las Cristinas. These full release agreements have been allowed. Furthermore, a Supreme Court decision does not allow Crystallex to even file a lawsuit to support its claims. In other words, Crystallex has no ownership rights to the Las Cristinas gold concessions and is precluded from pursuing its false alleged claims. Asensio & Company is a New York based institutional investment bank specializing in corporate valuations and equity research. Asensio & Company also specializes in investigating fraudulent stock promotions and publishing research on grossly overvalued companies. A report released yesterday regarding fraudulent ownership claims made by Crystallex is currently available on our Internet home page. A new report outlining the legal history of Crystallex and Mael's ownership claims to the Las Cristinas gold concessions will be available on the Internet at 9:00 AM tomorrow. All other Crystallex reports and a complete record of our previous Strong Sell reports, are also available on the Internet. Asensio & Company's Internet home page is located at www.asensio.com . -30-