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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: David Coakley who wrote (5179)	12/5/1997 9:32:00 AM
From: WTMHouston	Read Replies (1) \| Respond to of 6735

Sounds like BS is on the bid and Kock is on the ask: the spread looks to be around 35% - 40%, but the ask may still be somewhat uncertain and there is certainly a time factor on the ask....:) Just for the sake of the debate, and assuming that BS does have a large naked short position, I don't understand what BS loses if they can't ultimately cover - might it effect there MM ability in some way?? I don't know, just asking.... Another alternative, maybe they also think that creditors will be paid 100% and are simply trying to make some quick bucks off the spread. Is it possible that they have a side deal with either Solv-ex or Koch to try and buy the debts for say 60% and then get funded at, say 90%, rather than the 100% that Solv may expect it ultimately has to pay. If Solv is involved, it would seem to be a pretty good business move just because it may save some money. It still seems peculiar to me, in general, that BS would buy trade debt without some kind of pretty certain expectations about the results...as far as I knew, they weren't a reverse factoring company. Just some ideas and/or food for thought. I am not suggesting that any of them are fact. Troy

To: David Coakley who wrote (5179)	12/8/1997 2:04:00 AM
From: bigtoe	Read Replies (4) \| Respond to of 6735

>>P.S.S. Rendall- It is time to resign and put some new blood with few emotional ties to this in at the helm. You've reached the starting gate. (Nearly beaten to death, but, you did it!!!!!)<< Hello!!!??? DID WHAT???? Am I the only one who read this???? OK....what the heck does this mean Davy? I thought this was the "stock tip" of the century, ie, "sell the house", "sell everything" this is it!! "SOLV[Q] is going to go through the freakin roof!" I understand your "rental" in Northern Virginia is for sale as well as your place on the island... Sounds fairly gloom, dude! I didn't think that a letter to congress...[heavy sigh!].... was going to be the next big solvq savior! Do me a favor...Hold the stock price down so I'll have time to list and sell my house!! regards, Bigtoe