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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Markley who wrote (20067)9/7/1997 7:53:00 PM
From: go4it   of 35569
 
Regarding IPM : The last time I spoke to Eli he said by the end of this month I am going to either want to hug him or hit him well I am leaving both options open for the moment. It is most difficult for many of the supporters of the company to continue to try to make others see what we see. Personally I think someone should tell Le to sit on BD's lap until the report is delivered. One would think that would be quite motivational.

I was thinking about Zeev talking about the possibility that the institutions were waiting for the big news to hit in order to sell their position but the institutional holders have increased pretty significantly since the beginning of the year and at the current level of holdings it would be impossible to do that with such a large % held. I think this is one of IPM's versions for a poison pill. Simply get the shares into strong hands.
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