Rob, nice to hear from you.
You wrote in your post, the following:
<<<
My understanding is that IPM had to submit under Chapter 11 their
proposed financial restructuring documents by July 9th or be bailed out by a financing or JV deal.
>>>
This is the kind of information us shareholders want. Sad that
the officers of IPM show us no respect by choosing to ignore us.
They seem to think that they only have to worry about keeeping
informed their immediate supervisor. They would treat any
shareholder that showed up at the site as an intruder, and they
would have the law on their side to expell us. Even if I take
the view that they might jeopardize any rescue attempt by making
public their activity to those people that are activily trying to
make IPM fail, I have to comment that since a shareholder like
myself does not know "where" the enemy is, I have to view the
wall of silence around IPM by the officers with suspicion.
My just prior post suggested a compromise by letting one of three
well knowed and very active pro-ipmcf posters function as an
intermediary between IPM and this thread. Nothing deep or
technical, but just to be able to get a "warm fuzzy" feeling
that that shareholders are being correctly served by the current
management. A simple request that could easily be done by IPM
to prevent a forced probe. If IPM is doing the correct thing
for us shareholders, and with IPM not on solid ground, a probe
could not only de-rail IPM and throw it into the gutter, but there
is even a possibility that an outside invester or JV thinking of
helping IPM might back off. So once again IPM officers, your
protective shield might back fire. I have a real and true
example to give: 1968 in Vietnam just before nightfall I placed
a claymore mine about 20 feet in front of me. Attached the wire
to the switch that fires the blasting cap. I then rotated shifts
with another guy for the dark night. I remember holding that wire
firmly in my hand, ready to yank on it, thinking to myself that
I am protected. Daylight broke and I went to retrieve the mine
and in my horror I saw that I placed it backwards, so that the
blast did not travel horizontally away from me, but it would have
came directly towards me. I was only trying to protect myself.
Today is friday late night or saturday early morning, and nothing posted by anyone about a chapter 11 document.
doug |
