To: Carl who wrote (6635 ) 3/10/1998 12:32:00 AM From: flightlessbird Read Replies (2) | Respond to
Carl and others: Attached is an article detailing litigation/discovery issues that arose with respect to Solvex' litigation against Asensio. Though you might respond with "yeah, well that's just the company Solvex speaking", the important point to understand is that this man accused a company of SIGNIFICANT fraud and refused to produce but a thin sliver of documents to substantiate his claims. If he couldn't even produce PUBLIC documents housed in his alleged multi-million dollar research factory, just what exactly was he relying on to make his claims? You can bet your ass that any respected analyst at any respected brokerage firm could put together a thick volume of background reports, notes, files, research, you name it. In fact, any extreme recommendation would REQUIRE that they document their opinions with at least competent support. Assensio produced NOTHING. Not even the public filings that he cited to. NOTHING. If he is as "exhaustive" and as "thoroughly researched" as he self-proclaims, wouldn't you think he would have had very basic information and fairly extensive research or notes on Solvex to document his claims? Ken Nowell has addressed your concerns with respect to the 1989 JUDGMENT FOR FRAUD AND CONCEIT (not a suit, but a JUDGMENT) and has spoken to a plaintiff in the suit who has acknowledged the ongoing 1989 (!!!) case and attempts to enforce the judgment despite the difficulty of Assensio's asset trail. Also, your shock at the $1000 judgment against Assensio should place more shock in your mind that Assensio cited to a missed $600 administrative fee with the VSE by MO's FORMER company. Keep in mind that the $1000 fee against Assensio was found by some investors. Crystallex never found that nor endorsed that (for the record neither have I; I don't find that fee against Assensio anything truly extraordinary as much as I do the JUDGMENT against him for FRAUD AND DECEIT). Assensio himself, however, prominently displayed on his website and put forth a release regarding MO's former company and its missed $600 fee. Talk about a desperate character assassination attempt. That takes the cake. You said you reserved judgment Carl. I truly hope you'll look more closely at what this man would likely do to protect himself and his assets.
