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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: lostmymoney who wrote (345)8/23/1997 1:29:00 AM
From: joseph w renfrow   of 866
 
Having permits/leases on or of these so many acres of land do not ..I repeat..DO NOT...produce any revenue that I am aware of. Of course ,it seems every time another permit is obtained a share increase occurs....sure wish this sort of increase would happen on some of my other holdings. It takes real money/revenue to drive those issues and then if they don't beat some hypothetical whisper number dreamed up by who knows who...the price can reverse itself....forget the fact that they have beaten the old numbers by a large %......and this stock still trades at these levels with nothing to show for itself except...selling "weenies for hams". Do the 3rd grade arithmetic with shares outstanding(and what insider do you think owns a jillion of these shares?) and the share price and revenue. With even a tiny increase ...Alex makes out like a bandit..oops ..I didn't mean to use that word..grin! Its easy do get an actual /realistic share price...problem is ..its so far below where its trading that most won't do the drill, 'cause they already know the answer....Once again , I am not saying you can't make $ with this one...just be careful and don't do it with the kids' college fund..grin. Once again...Don't be the last one out the door!!!
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