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

To: TheDuke who wrote (5689)6/10/1998 5:06:00 PM
From: Sid Turtlman  Read Replies (1) | Respond to of 6735
 
TheDuke: "Why else would Bear Stearns be the largest U.S. creditor of Solv-ex?" Because Bear Stearns has a division that does just that, buy up claims from creditors prior to bankruptcy hearings. There was an article about this business in a recent issue of Forbes.

I remain amazed how many people here think that short sellers made Solv-Ex take a huge amount of money and throw it down a rathole.



To: TheDuke who wrote (5689)6/10/1998 8:53:00 PM
From: norwalk hawk  Respond to of 6735
 
I know that Bear Stearns was buying up our debt quite sometime ago. If they were doing this as an investment I guess they knew we would come through the bankruptcy and be able to pay our bills. I am sure it couldn't have been for any other reason (well maybe not super sure).

Mike


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