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

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To: Paunch who wrote (34068)9/9/1998 8:54:00 PM
From: d:oug  Read Replies (1) of 35569
 
Paunch, now 9 pm, this is my reply to your 10 am post without reading nexts.
The following are my comments, and these comments are made before I read the
next 30 posts made between your 10 am post and now time of 8 pm.
What I type will still be valid, no matter what else has been said.
For me, I want to be included in the attempt, thru an input of new money
by myself, to retain the rights to mine the Black Rock dirt for precious
metals, in the hope that my initial investment can be protected, and with
a good plan and management and oversight, obtain the riches initially hoped
for thru this speculation.

To what you posted, as follows:

- risk new money to try to save the black rock area, not IPM.
- IPM would die and all shares of IPM would die with it

Time is short. The bankruptcy court will not wait for us to debate on
this thread much longer, and could take it all away. The way you propose,
cancel IPM, obtain its rights to the dirt, sounds very good to me.
I trust you in that I know that you have a list of things that have to
be done and looked into, to make this happen.

- new shares according to how many shares they held in the old IPM.

If any current shareholder cannot put in any new money, then one
possibility might be to find a person that wants in this buy out,
and may or may not hold ipmcf, and to sell them the shares you have.
For someone to want your shares, means that person puts a future value
on them. The current value of .01 to .05 does not represent future
value for the buy out proposed. Do an auction on ipmcf thread, and
highest bidder gets them.

- the board which would be made up of five share holders

Super, great and to me required.

- professional hired to run the company would not set on the board.

Good.
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