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Gold/Mining/Energy : Image Processing Systems (IPV-TSE)

IPV 4.310

-4.0%

Jan 24 4:00 PM EST

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To: robin hood who wrote (376)	8/12/1998 4:14:00 PM
From: John Wright	Read Replies (2) of 658

New low. I'd like to think we've seen the bottom on IPV. This "investment" is starting to turn into a nightmare. I'm really starting to wonder if the company will ever be able to generate a profit in the foreseable future. The past year has been a bit of a disaster which looks to be very difficult to recover from. Terry Graham should be given another year to turn things around. Otherwiset, he should be replaced. How does one justify paying $150k for what we've seen in the last year? While I'm only a small shareholder it's becoming a bit hard to digest paying for leadership that has so far 'squandered' millions of hard earned investment money. Flora, if you happen to have any updates on the state if the company's business please let us know. Also, I hope IPV has hedged all of their foreign deals to date. My biggest fear is that the company has lost big margins through currency losses. John

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