SVM .. Oh who to believe ......

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SVM .. Oh who to believe ......

posted on Sep 20, 2011 11:42AM

Damien Lynch

MidnightTrader.com

Published Tuesday, Sep. 20, 2011 10:13AM EDT

Last updated Tuesday, Sep. 20, 2011 10:27AM ED

Silvercorp Metals Inc. (SVM-T6.920.040.58%) posted an open letter to its shareholders that addresses recent allegations made about the company "following yet another false and misleading internet posting" yesterday by the "fictitious and anonymous" Alfred Little. It said:

"All of the allegations made against Silvercorp have been anonymous. All of the allegations are baseless and designed to be manipulative.

While new attacks will keep coming, as is the past practice within the short and distorted industry, with this open letter we are turning the corner and putting these allegations behind us."

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