Silvercorp Metals Inc. (TSX: SVM and NYSE Amex: SVM) posted an open letter today to its shareholders that addresses recent allegations made about the Company. “All of the allegations made against Silvercorp have been anonymous. All of the allegations are baseless and designed to be manipulative,” said Rui Feng, Chairman of Silvercorp. “At the risk of repeating this misinformation, we are making sure that every allegation is addressed in detail and investors have all of the information they need to have confidence in our company. While new attacks will keep coming, as is the past practice within the short and distort industry, with this open letter we are turning the corner and putting these allegations behind us,” said Rui Feng.
Silvercorp Turns Corner on “Short & Distort Manipulation Scheme”; Open Letter From Chairman