Maxam Gold Corp. OBB:MXAM Message Board

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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: Chuca Marsh who wrote (3182)	11/29/1997 3:19:00 PM
From: Larry Brubaker	Read Replies (1) of 11603

Chucaupt: You didn't post Struthers' comments that I found to be the most bs. That weekend he reported he had talked to fund managers who said they would be buying the following week. Second, he made a big deal about IPM's reported financing being great news. Well, as we have seen, there was no institutional buying of the stock. Additionally, the terms of the financing as announced by IPM and embellished by Struthers were too ridiculous to be believed. Below market interest rate (5.25%) loan, convertable to shares at 25% above market price. When I saw this crap, I knew it was time to bail out. Nobody would loan IPM money on such terms. Nobody would loan anybody money on such terms. It became obvious to me that Struthers was perpetuating IPM's lies. Yes, I sold IPM on Monday at $3.50, and yes, I'm darn glad I did. I reserve the right to become a turncoat when I find out a company has lied/is lying to me. I invest to make money, not to blindly follow the lies put out by a company and those promoting it.

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