Paunch, I have a question, as to the difference between two outcomes.
Lets say that we the current shareholders with new money to input for
the sole purpose as to keep the mining rights to the Black Rock dirt.
Lets say that if IPM goes to chapter 7 with no bail out money from us,
that the rights to mine the Black Rock dirt can be obtained by us for
much less than the 1/2 million dollars needed to pay off IPM's debt.
Lets say 1/10 as much, being $50,000, resulting in a saving of
$450,000. At this point we still need 1/2 million dollars to prove
the dirt, same as if we payed off the debt.
At this point, IPM is gone, ipmcf shares worthless, and we the current
shareholders that add new money got the BRX dirt.
So we saved $450,000 compared to paying debt.
We now all put in the 1/2 million dollars to prove the dirt.
But we have no company, just prior ipmcf shareholders that had a lawyer
make a contract we all signed saying what percentage of the dirt rights
are owned based on how much money inputted.
What are we now ?
Do we prove the land and wait for the price of gold to increase to a
point so money comes to buy extraction process and a mill ?
We can not go on the CDN or NASDAQ, I'am sure.
Compared to the 8group kind of thing, we seems to be in the infant stage.
Now, I have two comments or questions or concerns.
(1) If we don't pay the IPM debt, we may not be the highest bidder,
and no get the dirt rights. Here, the new money goes into mxam or
a new car or CD's.
(2) If we do pay IPM's debt, for that extra $450,000, and we do as
mentioned in prior post, we get the one million dollars new money
thru selling ($1,000,000 = $.01/sh x 100,000,000sh) of newly issued
100 million ipmcf shares. Now we own 101/120 of the company.
But my BIG question now is, THIS IPM Company WE control, can we put
in back onto the DCN and NASDQA AFTER proving it ?????
If so, then hay, the stock price may increase, and ......so on.
Meaning to me, we got IPM back, and we control it.
If this post helps and works and we become rich,
then I will buy Larry a case of beer or wine or pop, for the ideas.
Plus, if I get my initial investment back, with extra, I will state
here that I will send Larry $500 minimum.
Doug |
