DTC Sightholder Festdiam in Provisional Liquidation

[strmrdr]

http://www.idexonline.com/portal_FullNews.asp?id=31770

 

[strmrdr]

another siteholder lost millions:

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

 

[strmrdr]

HOF lays off staff

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

 

[John P]

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 P]

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.

 

[strmrdr]

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.

 

[diagem]

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

....