Lets peruse this and comment:
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ALBUQUERQUE, N.M. --(BUSINESS WIRE)--May 12, 1997--Solv-Ex
Corporation (NASDAQ:SOLV) reports that documents produced to the
Company by Manuel P. Asensio and Asensio & Company, Inc. in
connection with its New York civil litigation provide no documentary
basis for Asensio's claims regarding Solv-Ex.
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That's very nice of SOLV to report this, I'll wait for the outcome of the case.
SPECIFICS PLEASE!
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According to Solv-Ex Senior Vice President Herb Campbell, "The
minimal volume of documents produced by Mr. Asensio does not
appear to contain any factual support for what has been represented
in his Internet postings and news releases and, for the most part,
consists of skeletal hand written notes and only part of his Internet
postings. Either he is a total sham or has acted in willful contempt
of a court order. We are somewhat amazed to discover that he
apparently does not even possess Solv-Ex's public filings or news
releases."
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What was the subject of the court order? Mr. Campbell, what did Mr. Asesnio *say*? Wasn't he deposed?
SPECIFICS PLEASE!
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Campbell continued, "Given the frequency with which Asensio
attacks the Company -- at times using his own name and sometimes
hiding behind various aliases -- the near complete absence of even
the most basic information about Solv-Ex in his document production
is something that Asensio would understandably seek to hide. This
may well explain his desperate attempt to avoid responding to the
subpoena. Indeed, based upon evidence obtained by the Company,
Asensio appears to have filed false affidavits in Federal court in
order to avoid producing any documents to the Company and to avoid
appearing for a deposition which is now scheduled to take place in
about two weeks."
Campbell added, "Mr. Asensio has blatantly ignored regulations
regarding disclosure of information and has demonstrated a lack of
respect for our judicial system. In the case of Solv-Ex, he has
attempted to disrupt our labor and government relations in Alberta,
contractual relationships with third parties and an orderly market
in our Common Stock -- all based upon dissemination of false or
misleading information. We are further aware of threatening
statements he has made to certain supporters of Solv-Ex and blatant
misrepresentations he has made to third parties in an effort to
obtain information. Frankly, it is unbelievable that this
individual can have any credibility in the market place."
Solv-Ex said it is furnishing the Asensio documents to
regulatory authorities and will provide copies (including a list of
his Internet aliases) to shareholders and brokers upon request.
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SPECIFICS PLEASE! This is a news release, specific facts please! Not opinion!
Yes, why would he have any credibility? DNA ring a bell?
Please point out the blatant misrepresentations. Are you sueing him or are you subpoenaing him? Please disclose all this info publicly. Why only give it to brokers and shareholders upon request. I think im going to go buy a share to get this info.
The stock doesnt seem to be reacting to the stcok, but lets see (if) when it hits bloomberg & or djones if it has any effect.
BTW, a question! Why would any player want to engage in naked (illegal) short selling? He could do it easily and legally by becoming a MM...please explain.
Thanks,
racer |
