Paunch, yes I am interested. You have a lot of information that is not
on this thread, and is needed to go from interested to commit.
You said "IPM thread will work for all comments".
But is it now possible to post details that will explain why IPM went
into chapter 11 ? On the newly made thread by Jay Taylor, a poster who
says that he is a paided subscriber outlined some information that he
says was in the Taylor newsletter. Without knowing this person, or if
what said was valid, the message was that IPM's management was the main
reason for the collapse of IPM. Funny and not, but Tim's message all
along was "the management". But the post was choppie, and may imply
conclusions based on a person's read.
To go from interested to commit, a couple steps and questions.
(1) As Zeev knows from experience, to do this safety requires the
services of a law firm not only knowledable in taking companies out
of chapter 11, but they have persons that this is their specility.
They know things learned the hard way by inexperienced others.
So, are we at this point to be able to hire the needed legal team ?
(2) The buy out price of 8 to 25 cents on a share is a big swing.
To commit with speculation leans toward the lowest price.
If the test results come back on the low side, then less speculation,
but still a desire to put minimum money in. Good test results will
not only make people lean towards the 25 as a possible, but without
good test results upfront, many will not feel comfortable to state
a buy out interest. You say time is short, but this buy out is hard
for many to consider without having an explaination of how IPM got
into chapter 11. We all doubt IPM's dirt is worthless, but we need
a test results that 'we can take to the bank".
(3) Could the civil, and maby possible ciminal law suit, put road
blocks up that may hinder a buy out, or even later after a buy out
hinder the new IPM from conducting business ?
Pauch, I realize a lot has happened quickly, and you need input,
but this thread has received very little "official" input from
the things discovered about IPM.
Doug |
