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


To: charred who wrote (9847)2/2/1999 7:41:00 AM
From: Steve  Read Replies (1) | Respond to of 10836
 
< Here's one rumor that was posted on Raging Bull.>

By: Nomar
Reply To #13206 by GoGord
Monday, 1 Feb 1999 at 3:16 PM EST
Post # of 13229

Egad! Was au right?
Wintergreen knows Richard Sacks(remember him?). W. called me today to say that Sacks'
group is guessing that the action today reflects rumors of a buyout of KRY by PDG for
between 1.50 and 4.00/share.
Take it with a big FWIW.

Nomar



To: charred who wrote (9847)2/2/1999 8:34:00 AM
From: tanoose  Read Replies (1) | Respond to of 10836
 
Hello charred;

The bottom line is this, and this is why the SHAREHOLERS have accepted this, and it is their right to accept or deny it, don't forget this salient point.

The fees paid to their firms was consideraly less than the industry standard, so in effect there was a cost savings to KRY. Also Mr Fung was able to knock off around $3,000,000 off of the final purchase price of the San Gregorio asset...................so he is doing a great job for KRY.

Also Mr Fung does not get paid a salary from KRY, at least he didn't as of last year, he also owns shares in KRY, he also NEVER exercised any options last year.

And also it is the officials at the TSE who would have the last say in whether they considered those fees as wrong, an official from the TSE stated that because of THEIR stature in the investment world, this was acceptable. So in other words they have shown this to the TSE and they can live with it, and if they can live with so do the shareholders of this company, and this is more important than someones opinion who does not have a vested interest in this company.

The only reason you have a problem with it is because of some subversive hack who has planted into your head, and that sir is my opinion??

With regards, Frank