Wayne,
First, I'm truly sorry you and the rest of us are in the financial predicament we're in. The IPM story was very exciting and given the evidence released in previous PR's, it was a compelling enough story to invest in the company. I, too, have lost money on my IPM investment.
As for Bateman being a scam - No, I don't believe that and if I implied such, I certainly didn't mean to.
As for the 11/14/97 PR, notice both assay and recovery are discussed under the same major heading. When initially reading the PR it appears that Bateman was involved with both.
However, if you view assay as one section and recovery as another, a different picture emerges. There is no mention of Bateman when the assay results are discussed - only the Arizona Registered Lab. Bateman evidently did not verify the modified fire assay procedure. Since B-D is not mentioned, I assume B-D has not verified the MFA either. As well, the Arizona Registered Lab merely "confirmed...that a Modified Fire Assay Procedure is able to quantify amounts of gold and silver in Black Rock material". The Registered lab has not verified the MFA procedure.
In the recovery section, Bateman is mentioned as having reported gold and platinum values. How much gold & platinum, we don't know. The PR implies it is more than a little by saying essentially....we'd like to use this recovery process since it produced gold & platinum, but can't because Bateman believes it's not commercially viable.
Finally, I'm not trying to pour salt on anyone's wound. This PR was the final straw for me. IPM is suave with their press releases, never really stating exactly what happened. I'm merely writing my posts to give what I believe is a realistic interpretation of the information IPM has released.
And again, I'm truly sorry for the financial loss (paper or realized) that long term IPM holders have incurred.
bobs. |
