Doesn't sound good
posted on
Dec 21, 2011 02:02PM
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
Color me pessimistic. The new investors hold ALL the trumps. Without them there is no chance even to complete the arbitration case. The stockholders are a source of sizeable wealth: our part of an arbitration settlement. The new investors can up the ante for their take--to 100%, and it looks to me that's what they're doing. Business is business. The bottom line is everything.
Almost 5 million shares so far today have been traded. No one selling is making a nickel from their buy-in price. This is panic selling. If the news was good, the SP would be skyrocketing, but it is hardly doing that.
For a Christmas present to myself, I'll write off my KRY investment as a tax loss and go on to other things.
Sorry, folks, this is my take.
Lope