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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: Luc N. who wrote (397)	8/28/1998 9:22:00 PM
From: Gofer	of 658

Luc, does this help? I hope someone will now write on what an incompetent he is. Also, 5) In my opinion the company will not secure any cash, debt or equity, will be delisted from the TSE and will be operating in receivership before fiscal '99 is through. from John Wright(#394) Maybe they could sell Tisma.. From IPS Q1 balance sheet: (In millions) Cash, etc. 2.5 A/R 8.8 Other A/R 1.0 Total 12.3 Bank Loan 3.8 A/P 9.3 Customer Deposits 4.1 Total 17.2 I've run a couple of businesses, and if I saw this on my balance sheet, I'd know we were in trouble. Note that customer deposits exceed cash. Are you going to place an order with IPS and put a deposit down? If anyone reading this is going to the annual meeting, don't be a polite Canadian. Give them shit! If I raised some money from investors and started selling loonies for 50 cents, I'd quickly have the Fastest Growing Company in Canada. If I sold those loonies to Americans, I'd also win the Canada Export Award. It's easy. Anyone can do it. Try it, but not with my money.

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