Prior to joining Crystallex, Mark J. Oppenheimer was Chief Financial Officer for Concord Camera Corporation. He assumed the position following the dismissal of his predecessor, who alleged he had been fired because he had discovered that the Chairman was embezzling company funds. The U.S. Securities and Exchange Commission was investigating these allegations, although Concord made an out-of-court payment to the accuser to settle the lawsuit that first raised these allegations. (An article in The Financial Post published on April 18, 1997 failed to disclose Mr. Oppenheimer’s employment at Concord Camera.) After Concord Camera, Mr. Oppenheimer reportedly became president of IBL Equities Ltd., presently known as Serena Resources, Ltd. (VSE: SUS). Serena was allegedly involved in the non-metallic mineral mining and quarrying business. The trading of shares of Serena was suspended as of yesterday, March 3, 1998, due to unpaid sustaining fees in the amount of $652.15 owed to the Vancouver Stock Exchange.
Copyright 1998 by Asensio & Company, Inc. All rights reserved. This report should not be construed as an offer to sell or solicitation of an offer to buy any securities. Opinions expressed are subject to change without notice. This report has been prepared from original sources and data which we believe to be reliable but accuracy is not guaranteed. This research report was prepared by Asensio & Company, Inc. whose stockholders, officers and employees may from time to time acquire, hold or sell a position in the securities mentioned herein. Asensio & Company, Inc. may act as principal for its own account or may sell or buy to or from its customers the securities described herein. Asensio & Company, Inc., may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in this report or its affiliates.
Crystallex International Corporation (AMEX Symbol: KRY) (Price: $8.1875)
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