International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: d:oug who wrote (33763)	8/26/1998 11:35:00 PM
From: Bill Jackson	Read Replies (1) of 35569

Doug, A lot of what you say has come to pass already as IPM has lost it's value. Remember that any rise from the dead by IPM will be a fresh investment situation. At current prices any PP will dilute existing SH enormously and will result in the new buyers having effective control regardless of how many shares are assembled to take control from them. Some one who had 10,000 shares at $10 =$100,000 that are now worth a few hundred bucks. If they reduce the shares at 10:1 you will end up with 1000 shares and they would need to go to $100 each to break even at $100,000 value. This is not likely, so at the PP price you would need to load up for one more kick at the cat and hope then ran it up and let you exit profitably. What will lekely happen is a 10:1 consolidation followed by the PP followed by a rapid run up to $5 or so to make it very expensive for you to get back in profitably.?? So you must treat it as a new investment and forget the past, do no chase past money after it has gone. Bill

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