International Precious Metals (IPMCF) Message Board

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

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To: BillyZoom who wrote (30794)	3/2/1998 8:39:00 PM
From: go4it	Read Replies (1) of 35569

My God Robert !!!! It is soooo nice to see a person post something that follows a logical thought process. Thank You. I don't agree with some of the actions that managment has taken but that is my right. Here is a little more food for thought ..... if they were trying to pull off a scam and wanted it to last as long as possible then they would have been able to forcast roughly how much working capital they would need for the upcoming years. Why didn't they perform a PP when the share price was at $5 or higher? The answer is simple IMHO because they felt that the results they were working toward would create a higher share price and create less dilution of shares. There were plenty of funds moving into the stock at that time and I am certain that many of them would have been glad to participate in a PP. The funds minus the Japanese fund that was reportedly forced to liquidate are still here and as of last week we have a new one that joined us. I had a person tell me that they couldn't believe that I was still so positive on IPM. I am not as positive as I used to be but the circumstantial evidence surrounding the stock in a supportive nature has not changed. Stock price is little more than a reflection of market sentiment at the time not necassarily a reflection of what it is worth. Couple that with the fact that I don't have a massive amount of money invested and we then have a formula for a prudent speculative investment that I am quite comfortable with. I do feel very bad about those losing money in the stock (myself included) but there is little more that we can do at this point other than wait.

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