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cfpjbs

09/16/09 2:19 PM

#106920 RE: BUDDYRICH #106919

Thanks Rich, your post put some minds at ease.
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adams

09/16/09 2:24 PM

#106921 RE: BUDDYRICH #106919

Thanks for the information Buddy, I personally think when all is said and done Aurus will have been worth the wait.
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lostinstocks

09/16/09 6:01 PM

#106926 RE: BUDDYRICH #106919

By a weekend? Bud do you interpret this to mean by this weekend, we will have a new website? Also do you or anybody know what the website address will be? I would think it won't be auruscorp.com or it would have been renewed by now. Maybe auruscorp.ru? I don't know that much about domain names. What do you think? Not sure how all that works.
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eik

09/16/09 6:31 PM

#106929 RE: BUDDYRICH #106919

One Insider probably thinks that “Outsider” is a bad word in English. :-) OTOH, I would agree that “sleazy” is a pretty bad characteristics. So, let’s see…
Aug. 15. Sleazy outsider asks: “Why, according to Russian official sources, “Krong" is listed as inactive company and has not reported any financial/tax activity since 1999? “
Aug. 16. Sleazy insider responds: “Incomprehensible, what "official sources" and where at you such incorrect information?... How you think, state and tax departments will re-register the company which is not publishing the tax and financial reporting?”

At the time when “insider” was writing this angry response Krong was already declared bankrupt and put under supervision of new bankruptcy management (decision from 7/10/2009). The purpose of this “controlled managing” with new temporary director is to collect whatever assets the company has to satisfy requests of creditors. The deadline was extended twice, last time till 8/28/2009, and the only asset listed for Krong was bulldozer, and the court was unable to locate it. So, at the time when sleazy insider gave the answer above, Krong was officially bankrupt… It still is, the court granted an extension for 1 more month (till 10/02/2009) after Krong’s owner Chegenev promised to pay all the debts (plus temporary management expenses) using his personal money and begged to stop the procedure of bankruptcy (9/4/2009). Comparison to US bankruptcy procedure (which sometimes helps to write off debt) is kind of risky, because Chegenev will have to pay everything he refused to pay earlier plus some more. So, if Valentin finally pays (something around $50,000 – I haven’t converted from rubles) his company will probably stay alive.

Bottom line: use Google translator to make your own conclusion:
http://magadan.arbitr.ru/?doc=1&id_sec=285&id_doc=a086b9e5-8c33-4b1a-9e75-29fd0e2537d8&from=%3Fmakelist%3D0%26pg%3D%2D1%26numfound%3D%2D1%26adv%3D1%26numonpage%3D20%26id%5Fac%3D34%26id%5Fsec%3D285%26d1%3D01%2E01%2E2008%26d2%3D01%2E10%2E2009%26casenum%3D%25C037%2D2956%252F08%26CaseDocType%3D1%26vid%5Fid%3D0%26category%5Fid%3D0%26subject%3D%25EA%25F0%25EE%25ED%25E3%26txtBody%3D%26sortby%3D0%26antispam%3D9271%26SubmitButton%3D%25CD%25E0%25E9%25F2%25E8

and compare it to “the Sleazzy way it was portrayed by this Insider party”. BTW, try to figure out why Aurus name was never mentioned during the trial and why "valuable" Roshal pile and multiple places in Magadan ares not listed as Krong's asset. Actually, it's clearly stated that Krong has no "land" assets.