Dear Friends -
I'm writing today, to inform you that John Cathcart and others are getting together a class action law suit on behalf of all shareholders of stocks in the company of International Precious Metals (IPM) against the State of Arizona Dept. of Mines (AZ DOM) who said that there is no gold or other precious metals to be found in Arizona, even though AZ has had a long history of successful gold mining.
Also included in the suit is Mason Coggins, who works for the AZ DOM, and who publicly wrote and spoke many lies about and is one of the chief instigators in the downfall of IPM. He also posted his own slanderous opinions on the Internet bulletin board known as the Silicon Investors' Thread, under the fabricated name of "Desert Fox", using this as an attempt to undermine IPM, presumably because he had a personal vendetta against it.
These actions have caused considerable damage to every "Desert Dirt" gold mining company in the southwest. The company worth of every single company has suffered severe loss because of the actions of these two main conspirators. There are undoubtedly others involved in this conspiracy, that have yet to surface. John and others are also trying to contact Dateline and/or other news reporting services in order to bring knowledge of this conspiracy to the entire country and world.
They will also bring suit against Behre Dolbear, an independent assaying firm, world renown for their excellence and high caliber of work. BD is one of three firms that were hired as outside, independent contractors to confirm the presence of the metals in the sands of the Black Rock property in Arizona, owned by IPM. BD had already signed off on some pretty good amounts of gold, platinum and other precious metals, when they suddenly began to hesitate, make excuses to put off publicly announcing the results. Looking back on it, it became apparent that they were being pressured by someone, somewhere, and they finally backed off, and refused to make their finds public. Upon consulting attorneys, it became known that we could sue BD just for the purpose of forcing them to bring out the true results of their tests. The result of this, should we be able to make public the assay results, would be to immediately win the case of Stockholders vs. the State of Arizona Department of Mines, and Mason Coggins personally. Once any of the desert mining companies are able to prove their worth, by going into production or bringing to the public the test results, the law suit is instantly won.
So - in order to bring this law suit to fruition, it is necessary that all stockholders send either an email or a letter to John Cathcart, stating the fact that you are a shareholder of IPM stock, that you have lost considerably because of the actions of these various entities, and that you stand behind those who are bringing the lawsuit.
This law suit will cost the stockholders nothing, because of the fact that the AZ DOM and Mason Coggins went public with their ideas, opinions and slanders. It then becomes easy to bring a class action lawsuit against them. The attorneys will only be paid if they win, and only with a percentage of the winnings. We will not and indeed do not expect to gain monetarily from this law suit. The ONLY REASON we are bringing this suit, is to force the information about what's going on into the public awareness. It is essential that we make known to everyone in government, private business, and who are in the stock trade-related businesses that there is gold in them thar hills, and that a conspiracy has taken place, and that we, the shareholders of IPM and other Desert Dirt mining companies will not sit idly by and watch low class, immoral and unethical people destroy what we have worked hard for and invested in.
Another point of interest is the fact that NASDAQ delisted IPM, without considerable research into the situation. NASDAQ is a freestanding entity, and cannot be touched by lawsuit But they WILL be touched by the news that will be made public by the Dateline (or other) news service program when it airs.
You can email John Cathcart at the following e-dress, or send him a letter at his address listed below. Please make copies of this letter to give to everyone you know who holds stock in IPM, or other Desert Dirt mining companies, and encourage them to write their support to John. The more people that back this action, the easier it will be to get the law suit going.
Thank you for your help in this matter. God willing, we will win this suit, not to personally gain money from this law suit, but to bring to public knowledge all the facts of the case.
Ally Maddox
Send your letter to John Cathcart,
Address -
139 Edwards St.
Marissa, IL 62257
Email -
cathcart@accessus.net |
