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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Rooster who wrote (33410)7/19/1998 8:36:00 PM
From: Paunch  Read Replies (1) of 35569
 
Hi,Rooster
I have been close to IPM for about two years now, I know that IPM had a brokerage firm ready to take them back to the bulletin board the day they were taken off of the small caps, but IPM officers thought it would be better to keep things quite for a while, however they never did return to the bulletin board, and now say they can't because they don't have the money.
On another subject, five times before getting in the shape they are in now, they had the money arranged that they needed to continue and the deal was stopped just before receiving the money because of some bad news or because of the price of the stock dropping.
Ipm had the chance to JV with a larger company the day before they were taken off of the small caps and refused the offer even though they new that once they were taken off of the small caps the company would be finished.
I have spoken personally with others who have made their own assays and there is no problem with the gold being there, the only problem is that the officers of IPM were not capable of handling the problems that Mason Coggons and his group handed to them. incompetence doesn't make for success, but then that is no reason for a state official to make it his life's work to put a company out of business, there is more to this than meets the eye. Keep watching , if we are successful we will bring out the truth.
Respectfully Paunch.
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