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

To: bigtoe who wrote (5366)	2/14/1998 7:55:00 AM
From: norwalk hawk	Read Replies (2) \| Respond to of 6735

bigtoe I posted off topic because I am interested in buying a long position in another stock at the first opportunity (I am not selling my position in solvex to get it). I feel I have several friends on this board and I felt I could ask them this simple question. I don't know why this made you so mad. Since it did and you asked the questions: If nobody knows anything on this board why do you hang around? Anything I have ever posted on this board has been completely honest. I owe nothing to you or this board, any information you get off of here should be checked out before you invest. I also stated in the not too distant past that any information that would be a help to investors would not be posted here by me (I said at that time that I talk off line to my long friends). Go ahead and get your own answers, even if you post what you find I will not take it for fact. I will check things out for myself. I have no idea what your PS means and I really don't care. Mike

To: bigtoe who wrote (5366)	2/14/1998 9:38:00 AM
From: bettino	Read Replies (1) \| Respond to of 6735

bigtoe, In my opinion, you are way out of line with your comments to Mike.... quite misdirected. Mike has been most human, honest and informative throughout this all, and I even think the nasty-est of them all still thought Mike was a good guy. Don't blame him or this thread. Many things have happened here which has changed the way information is posted. I agree that SOLV is ever so complicated, frustrating, and difficult to get information on. Frankly, I have no idea what the next twist will be or what the latest UTS announcement means at this point. I chose to invest, you did too. Take responsibility, and quit blaming or accusing. Make your own decisions and do your own DD. This is not an attack and hope you do not interpret it as such. Good luck in your search for the truth. Rob

To: bigtoe who wrote (5366)	2/14/1998 2:10:00 PM
From: WTMHouston	Read Replies (1) \| Respond to of 6735

Bigtoe: here is my take, for what it is worth....and none of this is based on any "inside" information or a very current or thorough knowledge of the details of the ongoing legal proceedings... When I first read the press release, I started to post simply: "Is this good or bad?" I didn't because some would have assumed that it was just another naysayers attack.... That said, I find it interesting that the UTS release refers to SOLV's interest as a "working interest" rather than as an ownership of any kind. I think some people assumed that in the deal with KOCH, SOLV retained a 12% ownership interest in the project....if UTS's words were chosen correctly, that may not have been true: all that SOLV may have had left was a working interest of some kind. Additionally, the use of the term "working interest" may leave some room open for a remaining royalty interest of some kind. The release also uses the word "certain" a number of times... "its 12 percent working interest in "certain" properties and interests, principally Alberta oil sands leases and "certain" technology, on "certain" conditions." Sounds like it was written by a lawyer who wanted some CYA protection. As to the other stuff, that nasty "certain" word creeps in again: "UTS will also acquire from Solv-Ex certain participation rights with respect to metal extraction technologies and hydrocarbon extraction technologies developed by Solv-Ex." Interestingly, the UTS release only references "participation rights." Depending on who meant what, this could mean a number of things. I suspect that what it will ultimately mean will depend in part on the terms of the yet to be completed joint venture agreement. My guess is that SOLV has not sold any of the technology and that the meaning of the term "participation rights" is linked in some kind of way to what SOLV, UTS, and KOCH expect will ultimately be in the joint venture agreement. If SOLV has sold most of what it had left, then shareholders should be worried that most of what was left was only worth $10MM. I suspect, however, that there is more to it than that, All of that said, I have decided: (1) that what SOLV had left in terms of a working interest in the oil sands project was not worth as much as some people thought. (2) that the press release was purposely written in vague terms and that a lot of things remained unresolved and unanswered. (3) that this announcement is little more than a blip on the screen since so many details are missing: although to some who had much higher expectations of the value of whatever remained, it is a significant event. (4) that someone (probably one of his lawyers) has managed to effectively muzzle JR -- which IMO is a positive event for SOLV. (5) that this release raises more questions than it answers. (6) that this transaction and the joint venture agreement will be linked to SOLV's ultimate plan to emerge from bankruptcy. From an investment standpoint, my primary concern would still be what kind of dilution is going to occur as part of SOLV emerging from bankruptcy. SOLV officials have said it was going to happen and it hasn't yet. Troy PS - directing your frustrations at Mike in the manner you did was, IMO, unjustified....his simple question about whether the market was open Monday did not call for that kind of attack. It may be that many of the longs, including those on the "special committee," may have just as many questions and just as few answers as you do. PPS - the observations in this post are nothing but that -- they may be completely off base and should not be taken as factually accurate. That is, I am not representing them as accurate or truthful - only that they are my initial observations and are my current subjectively honest opinion. For better or worse, I am still interested in others views, which is why I still follow this thread.