Paunch, hopefully soon the situation will become clear so that the
next steps can be determined based on knowing better where the
management, in part or whole, stand with us or against us.
The status report, with options, has not yet been released by you guys,
and maby if the chapter 11 court decision is soon, like this week or
next, then please you guys decide if delaying it to be received for
the distribution will be constructive. All we shareholders really
want as results is for IPM to be saved. Like cheap hotdogs, that to
to me really taste good, maby should not see how made. The results
are what counts, and here, its save IPM so ipmcf increases in value.
And I would be confused if the bankruptcy court judge rejected an IPM
restructing plan by the current management at the same time being
informed that if the current management cannot show a plan to obtain
money to pay off the curent debts, that the shareholders have expressed
an interest to obtain new money for IPM to be used to pay off the debt
of IPM. This ofcouse is hopefully not needed, but for me, I would
rather speculate say 5% of my total current investment to try and save
IPM rather than let chapter 7 = loose all. So I don't see how the
judge can put IPM into chapter 7 without first obtaining a plan from
the shareholders, the owners of IPM, when if a plan from management
is not good enough. |
