SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (5603)4/24/1998 11:48:00 AM
From: David Coakley  Respond to of 6735
 
Frankly Barb I don't care where the cards fall if a legitimate investigation is made into the bizarre trading in Solv-Ex shares. The truth would be enough. Of course I'm willing to bet that the behind the scenes work between the short sellers and the media (Dow Jones) had alot to do with the brutal price drop in March of 1996. If it was legal than so be it. If in the course of the investigation it becomes clear that the shorts also were responsible for misleading the SEC into launching an "investigation" because they were losing their shirts (when Solv-Ex rose to over $30 per share) than some heads should roll.

I think there are firms out there that will say or do ANYTHING to prevent an investigationof the facts surrounding this case so go ahead and say whatever you wish, I'll stick with my plan to push an investigation forward. In my opinion the NASD is corrupt and it must be cleaned up.

Finally, why do you suppose your Government has been unable to draw any conclusions after its lengthy investigation? Could it be they were led into it by short-sellers with false information? Since when does the SEC work for folks like Asensio and Fahnstock?

David