Silvercorp Metals Inc. (NYSE:SVM)

CAPS Rating: 3 out of 5

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Player Avatar 22OVER7 (< 20) Submitted: 11/30/2011 12:41:16 AM : Underperform Start Price: $7.61 SVM Score: +27.50

SVM announced a month ago that their specially commissioned and "extremely costly" audit had cleared them of "substantially" all of the charges put out by those dirty shorters. They announced that they would turn the auditors report over to the NYSE and TX exchanges, and to the Canadian federal authorities. I have called several times and asked whether the reports have indeed been turned over to exchange officials and each time I've been stone-walled. I explained that I was doing this as a holder of considerable SVM equity, but that made no difference. I was promised by the Investor Relations officer an email when the reports were turned over or to be made public, and have heard nothing to date. I sold a week and two calls after the announcementboosted the stock price, and now would have to say that I've taken the side of the short sellers.

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