Troy,
I agree. The time has past to try to convince anyone to join another side of this issue. I certainly will not change my mind about SOLV.
I agree, the only thing that will turn this story around is SOLV. The NASD is not out to destroy SOLV - neither were the short sellers.
SOLV's problems were reside with it's current and past management. These current events were forecast by myself and others long ago.
What happened to SOLV is a natural culmination of financial incompetence, poor management and nothing more.
So, I think it is time to set aside petty arguments and sober to the reality that SOLV is done or at least on it's last leg. They have no assets - very little cash - a seemingly (IMO) worthless process - and piss poor management. Beyond all of that, they look great.
The question for me at least, is not when or whether SOLV will recover. The question for me is: Which SOLV officers are going to either be fined heavily or sent to Club Fed for what they have done to this company and its shareholders.
As a final note, any one who sincerely believes that fines from NASD, settlements from lawsuits, or other awards will every happen, let alone show up in the pockets of the faithful - are sadly mistaken. Common shares are worthless in these cases. Common shares represent a stake in the success or failure of a company, and this company is all but finished.
Regards,
Gary |
