VANCOUVER - Silvercorp Metals Inc. (TSX:SVM) says an investigation commissioned by the company's special committee has found its accounting and financial reporting are accurate, despite allegations by short sellers to the contrary.The Vancouver-based miner said Monday that a report from KPMG Forensic Inc. confirms that its cash and short-term … [Read more...]
Silvercorp files lawsuit against investors
September 23, 2011 by
VANCOUVER - Silvercorp Metals has filed a lawsuit in New York against several companies and individuals for spreading lies about the Canadian mining company as part of a short-sell manipulation scheme.The Vancouver-based miner alleges the defendants spread "false, defamatory and fraudulent" information about the company on the Internet and in … [Read more...]
Silvercorp CEO writes letter to shareholders
September 19, 2011 by
VANCOUVER - Silvercorp Metals chairman and chief executive Rui Feng says his company has been attacked by a group of well-organized short sellers trying to profit by manipulating the company's share price with false allegations and rumours."They are nefarious short sellers utilizing the Internet, fictitious names, and distributing false allegations … [Read more...]
