Solv-Ex Corporation
When others were spending billions and decades perfecting plants to extract petroleum from Canadian tar sands, Solv-Ex came onto the scene claiming to have patented technology to cut the cost of producing oil from tar sands more than 70%. Solv-Ex is one of three asensio.com transactions that involved companies creating plants based on pilot experimentation.
All of them failed spectacularly. Solv-Ex was the only one of the three that actually created a completely fake plant. The highlight of asensio.com’s investigation was the hiring of a plane to fly over the supposed plant site to prove it did not exist. The result of this investigation was a report titled “Nothing in Solv-Ex’s entire plant works.”
| No. |
Date |
Reports |
| 30 |
May 9, 2000 |
Solv-Ex Suit Against Asensio & Company Dismissed.
|
| 29 |
October 9, 1997 |
Solv-Ex has no valuable asset to sell and no bids of any kind.
|
| 28 |
October 6, 1997 |
Solv-Ex Geopetrol farce exposed.
|
| 27 |
October 3, 1997 |
Solv-Ex shareholder value eliminated.
|
| 26 |
July 3, 1997 |
Solv-Ex possesses no titanium dioxide product.
|
| 25 |
June 26, 1997 |
Solv-Ex technical employee provides definitive proof of fraud.
|
| 24 |
June 24, 1997 |
Solv-Ex attempts new Reg S offering. Conversion may cause shares to exceed amount authorized.
|
| 23 |
June 11, 1997 |
Solv-Ex possesses no valuable reserves.
|
| 22 |
May 27, 1997 |
Asensio provides testimony against Solv-Ex.
|
| 21 |
May 20, 1997 |
Solv-Ex’s latest Form 10Q reveals part of its true state of affairs.
|
| 20 |
May 20, 1997 |
Solv-Ex’s “quiet” Form 10Q filing confirms its production claims are completely false and acknowledges its default.
|
| 19 |
May 13, 1997 |
SEC conducts discovery in its investigation of Solv-Ex and Mr. Rendall.
|
| 18 |
May 12, 1997 |
Asensio & Company agrees to give testimony against Solv-Ex
|
| 17 |
May 2, 1997 |
Solv-Ex’s AEUB approval claims are completely false.
|
| 16 |
May 2, 1997 |
New Solv-Ex lawsuit clearly proves that particularly all its investor representations are completely false and fraudulent.
|
| 15 |
April 7, 1997 |
Solv-Ex’s “production” claims shown to be false.
|
| 14 |
April 2, 1997 |
Solv-Ex fails to get regulatory approval.
|
| 13 |
March 27, 1997 |
Solv-Ex puts false spin on temporarily rigged plant.
|
| 12 |
March 13, 1997 |
Solv-Ex defaults on $33 million loan.
|
| 11 |
March 11, 1997 |
Request for NASDAQ Listing Review
|
| 10 |
March 10, 1997 |
Solv-Ex forced to cancel conference call.
|
| 9 |
March 7, 1997 |
Solv-Ex’s schedule claims are completely false and untrue.
|
| 8 |
March 7, 1997 |
Asensio & Company’s correspondence with Deutsche Bank.
|
| 7 |
March 3, 1997 |
Solv-Ex’s own documents show its claims to be false.
|
| 6 |
February 26, 1997 |
Solv-Ex fires the entire crew that was to have started-up the plant. Mr. Rendall confirms his prior statements were false and untrue.
|
| 5 |
February 25, 1997 |
Nothing in Solv-Ex’s entire plant works. Funds run out. Plant site and equipment have insignificant residual value.
|
| 4 |
February 20, 1997 |
SEC Securities Fraud Investigation Is Trailing Proceeds From Certain Solv-Ex Transactions Made By Mr. Rendall. Two Sworn Affidavits Directly Contradict Mr. Rendall’s Written Statements.
|
| 3 |
February 19, 1997 |
Management’s representations concerning Solv-Ex’s progress are entirely false and untrue despite a new SEC investigation into its Chairman’s role in fraudulent securities transactions.
|
| 2 |
February 3, 1997 |
Solv-Ex acknowledges Federal Grand Jury investigation.
|
| 1 |
October 7, 1996 |
Solv-Ex’s dealings with MorganGrenfell begin to unfold.
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