International Precious Metals (IPMCF) Message Board

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

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To: Lew Green who wrote (28230)	11/24/1997 12:27:00 PM
From: Larry Brubaker	Read Replies (2) of 35569

Lew: WAKE UP. These guys misled us, and they continue to do so. If it was so obvious to Bateman in a few week's time that IPM's recovery process was "noncommercial" why wasn't it obvious to IPM and BD after a year? Why were we misled to believe they had a commercial recovery process? What happened to the "repeatable" Auric fire assay? Do you believe they are telling us the whole truth on the financing? Do you believe that someone would be willing to give IPM a below market interest rate loan, and then have to pay above market price in order to convert the debt to equity? Who in their right mind would do that? Do you really believe that the funds aren't selling when we have lost about 80% of the pre-announcement value and we know the shorts are buying? This company is quacking like the biggest ugly duck you have ever seen.

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