IVAN - Ivanhoe Energy Message Board

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Gold/Mining/Energy : IVAN - Ivanhoe Energy

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To: PashaBear who wrote (71)	11/10/2003 8:31:32 PM
From: Pluvia	Read Replies (2) of 271

Gas to Liquids (GTL) is obviously highly speculative and untried, per the various filings. However, it might have a future even so i do not doubt gtl will at some point be useful somewhere, somehow. i'm all for new technology in evry industry. that's not my issue with IVAN IVAN has clearly IMO pumped their stock via BS press releases including misleading promotion of GTL projects. the fact is, large scale, nobody knows if it will work and it will take a GREAT deal of money and time to determine. IVAN does not have the money to develop it, and 7 years of trying suggest no real playah in the oil biz is going to dedicate the chunk of cash needed to gamble on it either. IVAN used it as a promotion to sell stock. bottom line. pathetic behavior. the lesson here is - that's IVAN's game. use borderline fraud to raise money. make investors take risk by selling them a pig in a poke and hope you hit the mutha load to pay them back... if not. move on to the next public company and start up the pr machine.

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