Re: Why no news/
in response to
by
posted on
Mar 19, 2010 07:20AM
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
EZ, lets forget about fung for one minute and look at the "non-exec directors"....in Jan 09' one mining company i own granted it's "non-exec directors" options at the then current PPS of .99 (20% vested every 6 months after that) in lieu of pay....
the stock has been on a steady rise since that day and currently trades around $2.25.
last i looked we still had some kry non-execs still milking this cow...maybe that's changed, i'd bet it has'nt. while i believe that pay is a necessity for execs i also believe it would'nt hurt fung and the rest of the inner circle to show retail some faith...we've been paying these guys damn well for years and to date have very little to show for it.
if kry cant release any info on our situation then maybe they could at least send us a message by purchasing some shares or taking some options in lieu of pay to show us there is hope......or maybe the fact that they are not purchasing shares is the message...fact is, some folks here are still buying kry with nothing but faith in fung to go on. but fung has all the facts to our situation, and he is'nt buying....
maybe the board would have more incentive to get the PPS up if thier income was tied to performance rather than a steady paycheck until the cash runs out.