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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: David Coakley who wrote (5166)12/4/1997 11:43:00 PM
From: Jim Atkinson  Read Replies (1) of 6735
 
To All from the Great White North:

News today is that the Alberta Goverment extended SOLV'S lease for about two months until a deal can be reached with KOCH. They also extended SOLV's Bankruptcy for a few months until the deal goes through.

In response to the $0.65 cents on the dollar comments in an earlier post, this is not an uncommon outcome of these proceedings. As smart creditor would grab the money. It is also not uncommon to see unworthy claims surface, and hopefully be disallowed.

I'm offically in McMurray. My e-mail address hasn't changed.

Jimmie
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