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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: R.Mark Lubchenco who wrote (5878)	8/2/1998 10:37:00 AM
From: Gary L Schultz	Read Replies (1) of 6735

Mark, First, everyone (including SOLV) emerges from bankruptcy. It is not a dead end process whereby someone who enters might not emerge. Many of SOLV creditors were paid pennies on the dollar - not the total amount due. Solv has very little cash. Solv is debt free - a by product of Chapter 11. A memorandum of understanding is meaningless and does not obligate either party other than to the extent that they agree on a basic premise. That is, they are a dime a dozen in industry. By your list of SOLV accomplishments, if I were you, I'd buy all the SOLV stock that you could. Things are looking better for SOLV than they ever have. Oh, don't forget that little pile of cash is going to be used up in the upcoming SEC defense.

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