To: Gary L Schultz who wrote (9 ) 11/21/1997 7:43:00 PM From: David Coakley Read Replies (2) | Respond to of 38
Gary: If a great number of posts began appearing from several sources about how Easy Riders restaurant was run by people associated with the "mob" and that their books were cooked do you think a few shareholders might sell just to be on the safe side? Throw in press releases from an "investment banker", erroneous articles in the WSJ, Barron's, and the Financial Times, and don't forget to include a totally incorrect airing of the "facts" by Dan Dorfman on CNBC and you have the makings of a total collapse in the share price. Did you know that this is exactly what happened to Solv-Ex? Did you know that the SEC had not yet launched an investigation at the time it was announced by the WSJ? Did you know that Michele S. (market maker at the center of the shorts "conspiracy") is rumored to be sleeping (literally) with an SEC employee? Do you think it is plausible that the "investigation" was launched at the urging of short sellers along with misleading information supplied by the likes of Asensio? Did you happen to get a copy of the 16 page report summarizing the events surrounding the decline in Solv-Ex's price in March of 1996? Do you really believe that Solv-Ex would be in the position it is today if it were not for the short sellers having sold short roughly 10,000,000 shares with over 6,000,000 naked? Did you know that emails went back and forth between various short sellers and members of the media indicating articles were written in an attempt to undermine confidence in SOLV stock? (Most all of this is documented.) Finally, did you know you could be the target of a lawsuit for having essentially done the exact same thing as M.A.? (Libel, slander, etc....) Lord knows there has been enough financial damage caused to warrant some stiff (VERY STIFF) consequences resulting from anticipated lawsuits against those who attacked Solv-Ex managements integrity without a shred of evidence to support the public statements. Pray that your investments are not targeted by the same people who targeted Solv-Ex. Pray your malicious public remarks are overlooked when the lawsuits begin appearing. Pray that our hard work and refusal to "get over it" leads to a cleaner NASDAQ stock market. Afterall it IS the stock market for the NEXT 100 years.... Dave