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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Jagow who wrote (20123)9/8/1997 11:50:00 AM
From: Joe Hartenbower   of 35569
 
Smile "NotThatHappyBob"...

> Did Eli or Le ever mention last May again? Has anyone ever asked a tough question of them? <

I agree that they don't do a very good job of putting out stuff when they say they will.. I think we all will accept there's a problem. The next thing I have always done after agreeing on a problem is to determine the possible causes of the problem. I think they fall into several potential categoies:

1. They lie.
2. They are incompetent.
3. There isn't anything and they are delaying.
4. They are flakey, unorganized managers.
5. They are miners instead of managers.
6. They are a tiney little company that can't afford the big staff that researchs, tracks and publishes.
7. The gold market is down.
8. BXM Syndrome.
7. They don't care because the big guys understand (something).
9. They enjoy seeing guys like you blowing your brains out.
10. They are breaking new ground and cannot accurately predict.
11. They are eternal optomists.
12. Their contractors/vendors aren't time reliable (great consultants but terrible time managers).
13. They have the behavior pattern of a scientist versus hip-shooting, overly impatient investors (who probably would prefer to day trade).
110.The thing is so big that if they are not careful the cops will arrest them and/or the market will undervalue them.
200.ETC.

My next step is to explore my options:
1. Bomb them out of frustration (e-mail them to death).
2. Sell and forget.
3. Hack their computers and find out what's really going on.
4. Hold and forget.
5. Earn more money or sell out of other stocks and buy whenever it drops.
6. Try and change them. (Suspect the only way to change those guys is frontal lobotomy, induce drug abuse, induce booze abuse, pay for their intense psychotheropy, castration, etc. - not worth it.)
7. Invest in some other great area like CompuServe.
8. Take advantage of uncertainty and stupid investors by day trading as the suckers get in and out of IPM.
9. Some combination of the above while constantly bitching.
10. Some combination of the above while not bitching.

Well, I prefer number 8. Since I have adopted that approach I have limited my bitching to a few memos to or about Kim and CompuServe. I feel a lot better. I have bought some more stock, etc.

Hope you soon become WowAmIHappyNowBob AndNowIFeelBetterJagow

Yours,

HopeKarlZIsRightJoe
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