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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: R.Mark Lubchenco who wrote (5170)12/4/1997 10:36:00 AM
From: TheDuke  Read Replies (1) of 6735
 
Why did Bear Stearns try to buy the Phemex/Deutsche Bank 33
million dollar convertible? Let's see, 60% of $33 million is
$19.8 million. Yet it only converts into 1,016,000 shares
of Solv-Ex stock. Some Arb!

If you really believe that Bear Stearns is only interested
in arbitrage, I'd like to show you some land located nearby
Alligator Alley, between Naples and Miami, Florida. I'm sure
that you could develop some retirement condos there. Maybe
the Bear Stearns division in the Cayman Islands could
finance the project. Care to buy?

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