Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: Last 10 days
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Apr 06, 2010 01:01PM

JJ,

You are correct...... it has been a sore spot for many shareholders that RF does not hold a larger position in this company.

Being new to Agoracom and reading posts in this hub it appears that RF has been elevated to a "saviour" type of position in the minds of many. RF has been actively involved in this company for many years. During this time he has been unable to convince Ven. to allow KRY to start mining LC. He has to this point failed to make KRY a profitable company. He has failed to create shareholder value, however, he has succeeded in adding to his personal wealth with KRY dollars.

You are again correct in assuming that I purchased shares prior to 2004....if memory serves me correctly I believe that I started accumulating KRY shares in 1996. I have made some money along the way....although it certainly wasn't due to the stellar work of the various KRY CEOs. It was more to due with the stock being pumped and being able to capitalize and sell shares while the lambs were being led to slaughter.

With respect to your question regarding why someone would continue to hold shares in a company where they did not trust managment.....for me that has more to do with the fact that I have been involved in this saga for so long...that I have always wanted to be around for the end game....win or lose. Is that the smartest financial decision...of course not....but at the end of the day it certainly won't affect my life if KRY crashes to 0...and it allows me to continue to state my opinion as I do have "skin in the game." Believe me.....I do hope that Fung is successful in the end as I will benefit financially and I would be the first person to send an email congratulating him....unfortunately up until now he has a failing grade.

Best of luck to all of us shareholders!!

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Apr 06, 2010 05:24PM
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