Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bob Walsh who wrote (6319)	3/6/1998 12:05:00 PM
From: justaninvestor	Respond to of 10836

To All: Latest KRY Statement Friday March 6, 8:53 am Eastern Time Company Press Release SOURCE: Crystallex International Corporation Statement by Crystallex International VANCOUVER, British Columbia, March 6 /PRNewswire/ -- Crystallex International Corporation (Amex: KRY - news; Toronto: KRY. - news) today reaffirmed its determination to protect shareholder value in the face of an orchestrated campaign against the stock price by a self-described short seller, Asensio & Company Inc. ''We want to re-assure shareholders and analysts alike that the company has provided detailed and accurate information on all its operations through numerous public statements and disclosures to the regulatory bodies,'' said president and chief executive officer Marc J. Oppenheimer. ''We stand by our record of full public disclosures and we invite all parties to review these documents at our web page -- www.crystallex.com -- for complete background information on our company.'' Crystallex has retained the legal firm of Cleary, Gottlieb, Steen & Hamilton to pursue all appropriate legal responses to baseless allegations regarding the company and its directors that are being circulated by Asensio. ''Asensio is creating and exploiting a market disruption that benefits short sellers, of which it is one, by its own admission,'' Oppenheimer said. Oppenheimer added that although Asensio quite likely will publish repeated baseless attacks on the company in the coming weeks, Crystallex management has no intention of engaging in debate with Asensio over well-established facts.