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


To: Mama Bear who wrote (5314)1/27/1998 2:10:00 PM
From: JJB  Read Replies (1) | Respond to of 6735
 
Solv-ex maintains ownership of processes, 12% of petroleum and 75% minerals on two leases. The ABQ bankruptcy court ordered this as part of the Koch bid acceptance on November 19, 1997. The US Bankruptcy trustee spoke specifically to the shareholders (myself included) and laid out the plan. The plan was summarized and approved by both Canadian & US court. (A simulations parallel hearing occurred in Calgary). This action released all liens (both countries) and allowed the Koch bid to proceed contingent only an extension of lease 5. A transcript of this hearing can be obtained form the court clerk. Lease extension is currently pending. I have observed no motions to the contrary including debtor in possession sales of assets.

Message 2777053

You appear to be uninformed as to the relevant public documents. Please support your unfounded claim that there are no assets including 12% interest in petroleum, 75% minerals, and outside of granting a license for use on these two leases, complete ownership of all patents / trade secrets.

sigh-lently yours

jjb