Silver Bull Resources Inc (SVBL)

[Paullee]

from the SI board

Here is an e-mail I just sent to the company. I will let you know if I get any response. And I would encourage to also contact management for their explanation of what seems to be a betrayal of shareholders.


Hello

As a Silver Bull shareholder of long duration, right back to the MMGG.OB days, I read today's PR with disgust and dismay.

Here's how I interpret it.

"We spent a bunch of money on an asset in Kazakhstan. Now we are distributing much of that value to shareholders in a form that makes what shareholders get worthless. We do not plan to do anything which will make what we have given you worth anything, especially if you are Canadian."

Am I wrong? If so, how?

Our only hope is that this was a poorly written NR which requires further explanation.

LC