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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: WTMHouston who wrote (3119)5/27/1997 11:44:00 PM
From: JJB   of 6735
 
WTMHouston

Thank you, for clarifying your position on post 3083. In my opinion SOLV blew it here, these statements should have been qualified. They also blew it, when the second $70Million DMG money fell through because of Peter Young shenanigans and short disinformation. They should not have gone forward without partner and/or investment bankers. Ancient Greeks would have loved the story for the hubris.

Look at the some other principles Jack Butler was Chairman & Director Mobile Oil Saudi Arabia (sorry about that). solvex.com

If other investors are looking buying stock in SOLV they should be aware this is highly speculative. I believe the possible gains, outweigh the risk in the speculative part of a well-balanced portfolio. Shorting is highly speculative also.

Hubris is not a bad thing in a new development. Why else would you endure a Ft McMurray winter, Butler and Campbell don't need the character assassination. I am not referring to your post but others that use words such as scam and fraud.

Any investor should research as much as possible on any investment. As Warren Buffet would say "if you wouldn't buy it for 10 years don't buy it for 10 minutes". The issues of management credibility raised in your post should be considered along with other information such as resumes and experience. I don't believe this is an adequate defense by your standards but is the one I used as to this situation.

jjb

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