Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: David Coakley who wrote (5655)	6/3/1998 2:01:00 PM
From: JJB	Read Replies (1) \| Respond to of 6735

David Looking at the documents made available by the bankruptcy court I am astounded by the course of the SEC investigation. The very basis of the SEC not reporting on an on going investigation is for the protection of the process and to protect targets consistent with presumption of innocent till proven guilty. Clearly there has been an abuse of the public trust an enforcement agency must have if it is to fulfill its critical function. The federal bankruptcy judge and district judge who heard the appeal have made it clear using competitors for critical analysis of trade secrets is off bounds. As the SEC is currently appealing the original injunction to the Federal Appeals Court in Denver, I am somewhat amazed at the insignificance that the commission and its staffers give to these judges' decisions. The contrast between openness of the courts and the closed nature of the SEC is striking. You can walk into Federal Court House and request records and are given them. This is precisely because the publics business should be done in public. If not for the openness of the courts government agencies that operate in secret would not be subject to public view, especially when something has gone very wrong. As the true Memorial Day recently past it perhaps to easy to forget the cost that was paid for our open and accountable government. Assertion that the only people who can assist the SEC in completion of its investigation are foreign-based competitors is absurd. This investigation should be completed and all aspects including Solv-Ex claims of securities wrongs done to the company should be investigated. If the commission is incapable of doing its job then congressional oversight should be exercised as to how such a peculiar situation as the commission now finds itself was allowed to occur and perpetuate itself. jjb

To: David Coakley who wrote (5655)	6/4/1998 12:44:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 6735

David, if you really believe that the SEC is conspiring against you, you should put your money in CD's, oops, wait, the FDIC is probably out to get you, better stuff it in your mattress. Of course you would have done a lot better with the mattress than with Solv Ex. Pretty good stuff though, thinking that the legitimate companies have any need of Solv Ex's "trade secrets". But at least it's entertaining to find that some folks will believe whatever they want, despite the reality of it all. See you at .02, Barb