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

To: mqmsi who wrote (6208)	1/12/1999 4:03:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 6735

Sure mqmsi, whatever you say. $800k buys some a couple of bus tickets, and one or two nights on skid row. Yeah, that's how it works. See you at .02, Barb

To: mqmsi who wrote (6208)	1/12/1999 4:40:00 PM
From: JJB	Read Replies (1) \| Respond to of 6735

It is my understanding from talking to second hand sources (how is that for a qualifier?) Attorneys in NM (and everywhere in the US) are precluded from advancing actual expenses, as that would be a violation of the attorney client relationship. Without getting into oxymorons this is a legal ethics based issue. Cleary Gottlieb previously conducted substantial discovery. I guess I would value this effort at approximately .50 on the dollar since that what they sold the million dollar receivable to Bear Stearns (poppa bear?). If the JDs had waited a few more months they would have received 100%. Evaluation of this material was a major DD by Yetter and Warden before they put their very expensive talent into this. The money raised came from current Solv-Ex shareholders, that have been on the same ride with the rest of us longs. The majority of the funds are being used to battle the SEC. It is my understanding that they were willing to offer a slap on the wrist in exchange for a hold harmless type agreement. Solv-ex would not agree and needed adequate funds in defense (offense?) as this effort is coming from the corporate checkbook. I believe this the article reference is as accurate as Manny's the lease isn't worth money statements. Interesting that it would be even mentioned. jjb