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


To: David Coakley who wrote (5872)7/30/1998 1:05:00 PM
From: JJB  Read Replies (1) | Respond to of 6735
 
abqjournal.com



To: David Coakley who wrote (5872)7/30/1998 5:44:00 PM
From: Gary L Schultz  Respond to of 6735
 
David,

Cute....

Why don't you just refute my claims? Answer: You can't.

Give it up David.

Gary



To: David Coakley who wrote (5872)7/30/1998 6:31:00 PM
From: Gary L Schultz  Respond to of 6735
 
Fraudulent statements made by SOLV:

1. This process has by-products of silver and gold - enough in fact to cover the cost of the extraction process of the bitumen.

*** a red flag for any seasoned investor - since alchemy was
in vogue.

2. The test facility will initially produce 15,000 barrels of high grade bitumen per day.

*** it never happened and they knew it was impossible when they
said it. Their fraud was further exposed when they dropped
the bombshell that they needed another 600 million to reach
that level - using conventional extraction methods.

3. The mineral extraction process will produce a substitute for TiO2.

*** we're still waiting for this to be shown as a fraudulent
statement

4. Everything is on schedule - with regards to plant construction.

*** At the time they uttered these words, someone had misplaced
the napkin that had the construction details on it.

5. The lease contains billions of barrels of bitumen - therefore, SOLV should be trading for 300.00 or more per share.

*** Very unorthodox accounting method for determining the value
of a company!! Herbie himself came up with this one.

6. There are no labor problems at the Canadian facility.

*** Partially true, since most of the workers had walked off
the job at that time.

7. The shorts are to blame for our current condition.

*** I think the short position reported to be 3 million shares
was the direct result of JR and company creating 3 million
unauthorized shares of stock, and then selling them to raise more
cash. Remember, there is no difference between selling an
unauthorized share and selling a share naked. You longs have now
found the biggest short seller of your beloved stock - J. R.
Rendall! What J.R. did with this stock creation scam is illegal
and I'm not surprised that the faithful are unconcerned about it.

8. Our process is proven.

*** they forgot to mention that it was proven a total failure.

9. We will soon start producing 15,000 barrels per day....

*** instead, they spend 15 million creating 500 barrels of sludge

10. We are innocent of all charges against us made by the SEC.

*** Yea. And Monica never went down on Bill