Barb,
Thanks for responding. From what I understand, you are correct about Sam Francis being one of the largest shareholders in Solv-Ex. I am a shareholder of Solv-Ex, but I certainly don't have anything to do with company in an official sense. But if Sam Francis intended on swindling stockholders, why didn't he sell out when the stock was at $38? As far as Rendall being a swindler, I believe on a number of occasions he loaned money personally to Solv-Ex. I heard John speak a few years ago, long before I heard of Asensio. One thing he said impressed me very much, as I still can remember it today. He said (something to this effect), "If you have amassed a fortune, don't invest that entire fortune in Solv-Ex." That doesn't sound like a swindler to me.
You are correct also about Deutsche Bank. However, they made the mistakes, not Solv-Ex. If Rendall voluntarily gave them that money, I would agree with you that he was incompetent. As I recall, it was one of Asensio's arguments that may have been partly responsible for the stock price plummeting. I think that argument is not valid, a wash at best for the shorts.
I must admit though, I did enjoy your response about being on a large oil company thread if they hired Rendall et al. I like to laugh, even if I was zinged this time. Have a good day.
Mark |
