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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: David Coakley who wrote (3233)	6/2/1997 10:59:00 AM
From: JJB	of 6735

Dave Assuming ML sold JR shares last week it would explain volume. If Friday news release is correct at $1.4m assuming average 7 bid than 200,000 were sold. As has been stated in weekend's discussion NASDAQ counts both buy and sell so this accounts for 400,000 of volume. Great timing to cover a short or buy. Anyone knows where support came from? Heavy volume on both Thursday and Friday, does anyone know precisely when 144 filed? Prior to filing I do not believe restricted stock could have been sold or "lent to shorts" can any one confirm? What is current status rest JR stock? More questions than answers. jjb

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