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 DTC Sightholder Festdiam in Provisional Liquidation

P:  1/16/2009 6:47:56 PM  
strmrdr
strmrdr

Ideal Rock
Total Posts: 23,296
Last Post: 10/9/2009
Member Since: 11/1/2003
 
http://www.idexonline.com/portal_FullNews.asp?id=31770

 


........... Karl has joined the diamond trade and is now posting as Karl_K
Posted:  1/16/2009 6:47:56 PM

 There are 6 replies to this message.  There are 6 replies on this page.

P: 1/16/2009 6:50:14 PM
strmrdr
strmrdr

Ideal Rock
Total Posts: 23,296
Last Post: 10/9/2009
Member Since: 11/1/2003
 
another siteholder lost millions:

http://www.idexonline.com/portal_FullNews.asp?id=31754

........... Karl has joined the diamond trade and is now posting as Karl_K

Posted:  1/16/2009 6:50:14 PM
P: 1/16/2009 6:54:41 PM
strmrdr
strmrdr

Ideal Rock
Total Posts: 23,296
Last Post: 10/9/2009
Member Since: 11/1/2003
 
HOF lays off staff

http://www.jckonline.com/blog/870000287/post/1120039112.html

........... Karl has joined the diamond trade and is now posting as Karl_K

Posted:  1/16/2009 6:54:41 PM
P: 1/16/2009 7:06:18 PM
John Pollard
John Pollard

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A memo scam.  Fantastic. 

I don't know what makes my eyebrows elevate more, the moxie it took to deliver empty boxes or Festdiam for trusting $35M memo to unvouched traders.



John

__________________________

John Pollard
Infinity Diamonds
www.CraftedByInfinity.com

Posted:  1/16/2009 7:06:18 PM
P: 1/16/2009 7:15:55 PM
John Pollard
John Pollard

Ideal Rock
Total Posts: 1,552
Last Post: 11/24/2009
Member Since: 5/1/2008
 
Strm, I suppose your thread is about industry losses in general?

I can comb my trade reports and find pretty grim numbers for you.  Do you subscribe to Rap newswire and JCK?  If you're just talking mining stocks half the Canadian houses were up, half down in the last week.  Rio and AA down 20%.  Rockwell up 23% (and posted a $4M profit 3Q) and Namakwa up 70% (bully for them).

DeBeers is reducing its London staff, which I suspect bothers you not at all.

John

__________________________

John Pollard
Infinity Diamonds
www.CraftedByInfinity.com

Posted:  1/16/2009 7:15:55 PM
P: 1/16/2009 7:19:52 PM
strmrdr
strmrdr

Ideal Rock
Total Posts: 23,296
Last Post: 10/9/2009
Member Since: 11/1/2003
 
Sir John im just posting some headlines that caught my eye.
Any discussion is kewl with me.

If you want to post some positive ones that's kewl too.

........... Karl has joined the diamond trade and is now posting as Karl_K

Posted:  1/16/2009 7:19:52 PM
P: 1/17/2009 2:07:29 AM
DiaGem
DiaGem

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Date: 1/16/2009 7:06:18 PM
Author: John Pollard
A memo scam. Fantastic.

I don't know what makes my eyebrows elevate more, the moxie it took to deliver empty boxes or Festdiam for trusting $35M memo to unvouched traders.



Yep..., weird story here...

Unknown traders..., $35 mil??? There were rumors that the initial numbers were $100 mil (but did get payed $65 mil on account)

I guess proportions are becoming sane again...

I think a liquid $ million is worth close to three $ million these days....

**********************
>Y<

Yoram F.

Antique Diamond Gem
http://www.diagem.net/

"When it doesn't exist, design it..." Sir Henry Royce

Posted:  1/17/2009 2:07:29 AM

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