IVS could be the next "microsoft" in the automotive ind. Message Board

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Gold/Mining/Energy : IVS could be the next "microsoft" in the automotive ind.

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To: Doug Heuring who wrote (25)	4/18/1997 11:35:00 PM
From: Tabe	of 183

It is not at all clear what is going on at this stage, It looks to me that groups unknown might be trying for a hostile takeover of IVM. We should definitely see some action on Monday on the market. One of the regular orders of business was to reelect the six directors. Well, some securities lawyer (representing the "bad guys") jumped up and said that he wanted to nominate 6 other people to the board and that this would cause the six old directors to get kicked off the board. So the IVM lawyer went off to consult with his boys back in Vancouver (The AGM was in Kamloops; don't ask me why) and a couple of hours later, he came out again and the meeting continued. Basically the bad guy lawyer thought he had IVM by the short and curlies, but it is not clear (to me, at least) if that is true. The meeting was adjourned cuz none of the stockholders present me included) understood what the heck was going on. Another meeting will be held in about two months.... Fun, fun fun! --t

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