International Precious Metals (IPMCF) Message Board

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

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To: Gerald Walls who wrote (29995)	1/19/1998 6:50:00 PM
From: Joe Hartenbower	Read Replies (2) of 35569

Gerald >> The Company is in default on an outstanding debenture in the amount of $250,000 and is negotiating with the holder of the debenture. A failure of such negotiations could have a negative effect on the liquidity and capital resources of the Company. << Understand and thanks for the correction. Do you know who the company is in default to and what the details of the situation are? Why are they finding it necessary to negotiate? You say that if negotiations failed, it "could have a negative effect on the liquidity and capital resources of the company." Do they have anything in excrow to cover this "debenture in default"? Has anything changed since the last 10 Q filing? Surely you or the others must know all the facts of the case in order to be this upset. What are they? There are usually two sides to every story. I think Jackson posted that the holder is "CL". Is that true? Joe

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