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Latest | Highest ratedCrystallex Continues to Confuse Investors [View article]
This response is from Sapaloe. I have been trying to respond to you since I read your post. Due to technical difficultues this is my first ability to reply.
First, some people say I am legally insane, others impatient. This may be true. It certainly seems so yesterday. I hastily put together a response to your piece in order to counteract what I thought were problems with such a one-sided, misinformed piece. It appears that I was wrong.
I apologize for having thought you were consciously contributing to the short and hedge fund action. You obviously were not part of conscious manipulation of KRY. The release of the rebuttal article by Metzer on Seeking Alpha the day after I responded to your piece goes to show that Seeking Alpha is not very good with being timely, but may be seeking to give a balanced point of view. In terms of the stock market though, timing is everything isn't it.
I also, in my temporary insanity, had an opinion that lumped you in with a group of people who take every chance they get to manipulate this stock through misinformation. It turns out you were not consciously trying to undermine this stock. I was wrong.
In my humble opinion, you just have problems interpreting SEC files, selectively misinterpret and reproduce specious arguments, and lack the intiative to do follow up your challenges to the management. Your rebuttal to me still relies on what I think our misinterpretations of news releases. That is the opinion of myself and many other readers.
My kind advice to remove your article was to save Seeking Alpha from any legal trouble they may incur from hosting such a one-sided, misinterpreted opinion in your article. It was by no means to threaten you or anyone, as I think that is useless.
As far as your questions to me... You should really read Metzer's real. He brings up many of the same points... Which you fail to support.
I wish you luck and success in your publishing career and hope that you are now of a different mind about KRy. You certainly would be financially better off if you had chosed to interpret the KRY news releases in a less selective and misinformed way.
Best regards,
Sapaloe
Crystallex Continues to Confuse Investors [View article]
The editors for this website should pull this 'story' as it is more of a blog opinion hiding as journalism.
Investors beware...
Here are just a couple of the spins and lies in the above article that I have identified.
Thompson never mentions a "new" process. He says that the KRY process will take longer since it is associated with CVG.
That seems reasonable and does not change the fact that Rodriguez said that both GRZ and KRY had the "go ahead", pending some
revisions for KRY. So this is actually a positive moment for the stock.
The Rodriguez quote (though when read in one way is very positive and not negative) is now roundly discredited as having been
part of scam to drive the KRY price down just as it was rising... LOOK AT THE CHARTS! How could a Reuters reporter write
something based on one source, who is not even the primary contact person? Why didn't the reporter present counter points from
the company? How can Alpha's Blain report those quotes as a 'truth' in building the above argument? Awful, biased journalism.
You're questioning the integrity of management based on your misinterpretation is ridiculous.
As for the Russian buyout... The permit process would start all over again if the company is bought during the permitting
process. Once the permit is issued, it is operational and whoever owns Crystallex and its deposits is not required to go
through permitting again. The buyout happens after the permit. Everyone knows this, to present it otherwise is to twist the
truth.
Delaying the permit for one company based on the other... Obviously GRZ's permit was not delayed, but for GRZ to be
'operational' they rely on common investments from KRY including infrastructure (airport etc.), so it looks like GRZ is not
such a great investment without KRY also being permitted.
It has already been shown in the SEC filings that KRY does have a plan to deal with cyanide. Moreover, the copper was never
part of the plan and will never be until it is economic to extract it. This was settled with MIBAM.
KRY has responded that the press has been sensationalistic and that misquotes and misinterpretations are being spread through
the internet... and they have been right every single time. So what is your point? You are part of the effort to drive this
stock in the ground so that shorts and hedge funds can get their money out and in at a low price. You failed to present the
institutional investments in this company as positive news. You show that you have not read the SEC filings... Are you real
reporting or one-sided bashing? Obviously you are the latter.
"The day the interview appeared, Crystallex announced a CDN 53 million dollar offering that closes on April 24th. "
You are lying. The financing deal was announced a day before the hack story came out.
Just look at the reuters feed. Or the google finance site.
You should take your article down before someone sues you.
Cheers