Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	4/21/2006 9:37:34 AM
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I am not buying IPT for awhile: I just read this from pescod on IPT We are fans of management and we admire some of the projects and developments they have put together in Mexico. Having said that, they did a financing four months ago that suddenly comes tradable in the first week of May. At that time, people who paid $0.40 a share in a private placement suddenly have a chance to sell the stock. And do you think they are going to care whether they get to sell it at $2.00 or $1.60, or for that matter, $1.50? It could be a lot lower. Even sweeter for those taking down the private placement were warrants that are exercisable at $0.50. It’s party time! In other words, suddenly that stock is going to hit a rough spot, not through any bad developments with the company, it’s just that those who took a risk four months ago, are suddenly going to get the reward and there could suddenly be a lot of stock hitting the market. Impact Silver actually just closed yet another financing that in four months will be tradable at $1.10. Once again, same idea. But it’s not just Impact—it’s a whole whack of companies out there that have done financings, many of which come tradable shortly. Now imagine what could happen if that happens to the company you own shares in at the same time that we might be experiencing a market correction!> I am not buying IPT for awhile!

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