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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: mqmsi who wrote (5902)	8/5/1998 10:40:00 AM
From: Mama Bear	Read Replies (1) of 6735

"For you Barb, I haven't been able to find any warnings on the big oil companies threads that you will see them at $.02 if they embark on a process similar to that of Solv-Ex." If they hire John Rendall et al to run the company, you will see me there. I found it interesting in reading the follow up to their aged print story. I found out "Solv-Ex's bid to emerge from Chapter 11 got an enormous boost when Deutsche Bank walked away from a $33 million convertible loan Young extended to the New Mexico company through a nominee of murky ownership rather than file a claim with the court.". So much for the claim that SOLVQ paid 100% of their debts. I also found out that "Solv-Ex management told anyone who asked all through the stock's massive runup that Sam Francis, a convicted stock manipulator who'd organized Solv-Ex's initial stock offering back in 1981, had had nothing to do with the company for at least a dozen years. Campbell still swears that's the case. Yet Solve-Ex's reorganization filing lists that same Sam Francis as its second-largest shareholder as of August 1, 1997." See you at .02, Barb

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