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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Richard Mazzarella who wrote (27386)11/18/1997 2:48:00 PM
From: Bruno  Read Replies (2) of 35569
 
A point on funding. There is a common misconception on this thread that the $10m of funding from institutions is in place.

This is not yet the case.

Agreements are still being discussed.

Much more concerning, is the company hopes to draw down on this new funding by the end of this month.

My impression is that fund managers are every bit as angry as investors for, at best, being grossly mislead and at worst deceived.

Lee stop mumbling through your beard, get a grip of the company and get rid of your Mercedes Benz until you start to deliver.

Alan show us what you are really made of, pull this company together and travel coach. I know you believe you have a billion dollar company here so convince the sceptics because we're capitalised below $50million today for the first time this year.

Outsiders only see a vast increase in administration expenses this year, unflattering cash for shares deals, delayed property purchases, delayed results and dubious responses to legitimate shareholder's questions.

I believe in the company because of Alan's reputation. I regard T. Hoare and Capital's interest as a bonus, I continue to see the desert dirts as a legitimate albeit highly speculative venture.

It is now a question of whether the management are mice or men?

Bruno
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