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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: BillyZoom who wrote (31383)4/2/1998 6:47:00 PM
From: Larry Brubaker  Read Replies (3) of 35569
 
All right I get it. The $628,000 in Note 12 plus the $109,000 in Note 12 equals $737,000, which is apparently the equivalent to the $738,000 referred to in the salary table. $1,000 difference is probably close enough for accountants.

Now I feel embarassed for making an issue out of Furlong's compensation.

After all, it was only $217,000 plus $42,000, plus options, plus a salary from MG Gold paid for by IPM shareholders, plus a salary at Namibian? paid for by IPM shareholders. Now it seems entirely reasonable to me---If IPM were Barrick Gold---maybe. But for a company with a $2 million working capital deficit that lost a ton of money for its (long) shareholders, it is outrageous.
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