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To: who cares? who wrote (9246)8/14/2000 1:46:13 PM
From: StockDung  Respond to of 10354
 
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To: who cares? who wrote (9246)8/14/2000 3:32:36 PM
From: StockDung  Read Replies (3) | Respond to of 10354
 
I win the pool this month->ZIASUN TECHNOLOGIES INC Form: NT 10-Q Filing Date: 8/14/2000



To: who cares? who wrote (9246)8/14/2000 7:12:33 PM
From: Sir Auric Goldfinger  Read Replies (4) | Respond to of 10354
 
Former Solv-Ex Executive Faces Permanent Suspension by SEC

Denver, Aug. 14 (Bloomberg) -- Solv-Ex Corp.'s former general
counsel was temporarily suspended by the Securities and Exchange
Commission for allegedly making false statements in the company's
press releases and public filings from 1995 to 1997, an SEC
official said.
The SEC took the action against Herbert Campbell last week,
suspending him from appearing or practicing as an attorney before
the commission.
Campbell said in an interview that he hadn't seen the notice
yet, though adding that ``my intention would be to appeal.''
Under the suspension, Campbell would be unable to sign
documents filed with the SEC by public companies and wouldn't be
able to serve as corporate counsel in SEC matters, said Katherine
Addleman, an assistant regional director of enforcement at the
SEC's Denver office.
Campbell has 30 days to appeal the suspension and call for a
hearing before the SEC. A spokesman at Solv-Ex's Albuquerque, New
Mexico, headquarters said Campbell no longer works at the company
fulltime. Campbell remains a company director.
If no appeal is filed, the suspension becomes permanent, said
Addleman, whose office led an SEC investigation of Solv-Ex.
In May, a federal judge in Albuquerque issued an injunction
against Campbell preventing him from further violations of
securities laws. The judge previously found that Campbell and Solv-
Ex Chairman John Rendall issued a series of misleading statements
about the company's oil-processing technology that caused its
stock price to soar.
The ruling stemmed from a July 1998 SEC lawsuit against the
company as well as Rendall and Campbell. The lawsuit claimed that
the press releases and other statements helped move Solv-Ex shares
from about $5 in 1995 to as high as $38.
Solv-Ex claimed it had developed technology to extract oil
from sand in northern Canada more cheaply than conventional
drilling, but its method was never proven on a commercial scale.
It later filed for bankruptcy protection in the U.S. and
Canada and has since reorganized and emerged from those
proceedings.
Solv-Ex was delisted from the Nasdaq Stock Market in July
1997. Its shares, now traded over-the-counter, were unchanged 1/8
today.

--Loren Steffy in Dallas (214) 740-0870 or at steffy@bloomberg.net
through the Washington newsroom (202) 624-1820 /rp

Story illustration: For a graph of Solv-Ex's stock performance
from 1995 to 1997, see {SOLVQ US <Equity> GP D <GO>} and change
the dates in the field to the appropriate years. For Solv-Ex's
recent over-the-counter performance, see
{SOLVD US <Equity> GP <GO>}

Company news:
SOLVD US <Equity> CN