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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: JJB who wrote (3443)6/12/1997 6:36:00 PM
From: Mama Bear   of 6735
 
Found the below over on MF AOL SOLV board, thought y'all might:

>>>June 12, 1997

Solv-Ex attempts to obscure analyst's position.

The following statement was issued in response to false and misleading statements being disseminated by Solv-Ex Corporation and its stock promoters concerning Asensio & Company, Inc. and Manuel P. Asensio, Chairman, President and Chief Executive Officer of Asensio & Company, Inc.:

No officer or employee of Asensio & Company, Inc. has ever been investigated, accused or found guilty of engaging in any fraudulent securities transaction by any government or regulatory authority. No officer or employee of Asensio & Company, Inc. has ever been the subject of any customer complaint of any kind whatsoever. Manuel P. Asensio, President of Asensio & Company, Inc., has never been the subject of any disciplinary action or any
investigation by the Securities and Exchange Commission, the National Association of Securities Dealers, Inc. or any other state or federal securities regulatory or governing authority concerning any securities fraud or any other fraudulent transaction.

Asensio & Company, Inc. is an investment bank and securities dealer registered with the Securities and Exchange Commission and the National Association of Securities Dealers. Asensio has conducted extensive due diligence, fundamental research and technical analysis of Solv-Ex Corporation, its Alberta plant and business plans. Based on this review we issued a strong sell recommendation on shares of Solv-Ex's common stock. Further, due to its
excessive market valuation and overwhelming evidence of fraudulent securities activities, we also recommend that Solv-Ex shares be sold short.
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