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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Richard Mazzarella who wrote (34116)9/10/1998 10:29:00 AM
From: Larry Brubaker   of 35569
 
Richard: My point is, why should new investors spend say, $2 million to get 25 million shares of IPM stock (100% dilution, as you say) and only wind up with half the company.

If you let IPM go bankrupt, negotiate to get the claims from Phoenix/Omega, you can get 100% control (rather than 50%) of the property for less money (you don't pay for IPM's debts).
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