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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: Email to Salamis & GRZ liquidation value

Email to Salamis & GRZ liquidation value

posted on Dec 16, 2008 05:08PM

I have not heard back from Geo. Salamis(RML) to my inquiry of If Grz sells equipment and distributes proceeds along with cash in the form of a dividend to shareholders, will RML change their position on the 3 for 1 buyout? Sent early this AM - I'd be surprised to hear back.

Many of you have probably done the math, but I'll be redundant. GRZ does not have financials on site - using yahoo finance as of 12/31/07. GRZ liquidation value is over $2.00/share using shareholder equity $. The RML offer is worse than a joke. I can't find any financials on RML even on their site. Shame they didn't invest in Madoff, but then RML books probably look like Madoff's.

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