Re: Rayzz...in case you missed the memo
in response to
by
posted on
Feb 08, 2010 04:12PM
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
Jimmi, it's one thing to disclose how much cash you have. It's quite another to state that you only have enough to last through the first quarter of 2010.
With proceeds from recent equipment sales, the Company forecasts that it will have sufficient cash to fund its operations through the first quarter of 2010 (see “Liquidity and Capital Resources” section).
I don't believe they disclosed it because we shareholders asked. Haven't we all asked who they are talking to, whether they are in discussions with other companies, etc? They choose what they want to tell us or are required to tell us. If they said they only have enough cash to last through the first quarter of 2010 then we have to assume that is the truth. If it isn't, then what the hell do we even read this information for if it isn't true? And why did they plant the seed of doubt in the first place? So we are either weeks away from running out of cash OR they made a stupid comment that wasn't true that caused concern. Which is it? Either way, not good IMO.