International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bob Jagow who wrote (26516)	11/15/1997 8:19:00 PM
From: Bob Markley	Read Replies (2) of 35569

<< It is, indeed, "a Non 'Dillutive' PP"--I have argued that to both Brad and Kim. >> Bob, Agreed, it MUST be non-dillutive providing the assets are proven to increase & the money is not wasted. The common conversion price of the market price of the last x# of days, is intented to appraise 'fair market value'. The Key here is it is being done at a PREMIUM & not a DISCOUNT, thus there is no incentive to 'scalp' the discount on the financing. Yes, ... I agree with Kim & Dave that we HAVE to see the terms of the deal as w/o the info we all could be missing something about the deal. Regards, Bob2

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