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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Jagow who wrote (26858)11/16/1997 10:07:00 PM
From: Zeev Hed  Read Replies (1) of 35569
 
Bob: I would guess they could realize an average price of about 4.25, since I expect a t least a knee jerk rally from the mid 3' if it get there. If it goes through 3 like through butter, then they will realize less. When they no longer want something on their book they just sell at any price (many realized pennies on BRX they still sold, they did not want it show in their folio past the debacles.

I would not be surprised to see the stock open at 4.25 and then rally back to about 4.875 and turn back latter in the afternoon to close about where it opens. During the next few weeks there will probably be some PR efforts to slow the decline, but frankly, right now we are exactly at the point we were more than a year ago except we have about 25% more shares.

Zeev

Zeev
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