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

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To: Anne Lamb who wrote (28928)12/5/1997 12:24:00 PM
From: BobS  Read Replies (2) of 35569
 
Anne,

I'm not sure all those discussing the negative aspects of IPM are necessarily here to "rub it in". I bought IPM then sold out on 11/17. I lost money. I don't stick around to hurt those remaining in the stock. I stick around because I think IPM is unethical and anyone interested in investing in IPM from here on should be made aware of the company's past behavior.

You want to look forward and make the best of the situation. If I were an employee of IPM, that's exactly how I would approach the situation. However, I'm an investor, not an employee. As an investor, past performance of the company's management and employees is an important indicator of how they will perform in the future. If you ignore the past events, you consciously disregard valuable information - as an investor.

You, and others, have been wonderful supporters of IPM. I had great anticipation of IPM's results, not necessarily because of the posters on this forum, but because of the Press Releases and website postings. After 11/14, my eyes were opened to the company's intentional campaign to write PRs that implied lots of things, but never stated them directly....leaving it to positivie investors to draw positive conclusions.

You mentioned in your previous posting those that "love/loved IPM". That's a dangerous combination - love & investments. Sometimes, it's difficult to see the forest through the trees.

You can ignore this and/or write hate mail to me. Regardless, the company's past track record is one of botched attempts to bring in mining consultants (Lyco, BD), botched attempts to verify a repeatable fire assay; botched attempts to find a repeatable, economically viable recovery process, and botched attempts to raise financing to purchase BRX. Past history is very important to an investor!

bobs.
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