Maxam Gold Corp. OBB:MXAM Message Board

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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: Richard Mazzarella who wrote (5838)	10/1/1998 11:32:00 AM
From: BobS	Read Replies (1) of 11603

<< Besides satisfying the court about IPM debt, the IPM shareholders must also be satisfied.>> Don't agree with that one. IPM created the debt and wasn't able to generate income to pay the debt. It's IPM's problem, not Maxam's. As for satisfying IPM shareholders - it's not Maxam's job. The shareholders took their chance owning IPM and it wound up a bad investment. They lost (as did I, only I took my losses the Monday after Black Friday). As for BRX, Runyon is the principle (or owner?) of Phoenix. IPM's lack of payment for BRX, I asusme, defaults ownership back to Phoenix. If Maxam wants BRX, deal with Phoenix, not with IPM. It is not Maxam's job to save IPM shareholders. The company failed, the shareholders lost. Period. bobs.

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