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

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To: Josephus who wrote (27989)11/21/1997 7:21:00 PM
From: Larry Brubaker  Read Replies (1) of 35569
 
"I'm still confused as to why IPM released these low assay numbers. It's like they "wanted" the price to drop. If they could have controlled the release of negative news about bulk tests, etc (perhaps through some means of plausable deniability or something similiar), why then this release? It's too stupid to be stupid."

You are not the only one to think that IPM may have deliberately wanted the price to drop. One theory is that this would allow whoever is supposedly going to purchase IPM's PP to get cheap shares. Then IPM announces good news to get the price back up and the purchaser of those debentures will be in the money.

Interesting theory and one I wouldn't completely discount. But I'm not sure I would want to bet on it either.
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