Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

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Re: Shareholder Rape

over 12 years ago

in response to EZ Street's message

EZ - "Realisitically Fung and company did everything humanlypossible to make this a winning enterprize"

EZ, i have a real problem with this statement. the fact is that mngt ate up so much damn cash over the years between salary's, bonus', related party transactions that kry ended up in BK....

hugo did NOT cause the shareholders of KRY to be in the backseat begging for any scrap they can get..management did that.

If you think i'm exagherating take a look at GRZ and thier almost identical situation in Venezuela. GRZ shareholders are not questioning if they will still be included in the process tomorrow even though KRY raised many times more cash over the years than GRZ.

so where is the money? my guess is that fung did make kry a winning enterprise, just not for shareholders.

face it EZ, fung took the cash directly out of your pocket and put it in his and his buddies.