Image Processing Systems (IPV-TSE) Message Board

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Gold/Mining/Energy : Image Processing Systems (IPV-TSE)

IPV 4.310

-4.0%

Jan 24 4:00 PM EST

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To: Gary MacDonald who wrote (448)	10/16/1998 6:57:00 PM
From: John Wright	Read Replies (1) of 658

Gary, thanks for the update on the cash/credit/equity issue. I find it a bit hard to believe that IPV can raise new cash by issuing new equity. Who will buy it? Certainly not subscribers to their last issue at $2.40??? Even if IPV had an order book at $30m I doubt there'd be any takers. So far all we've seen under Mr. Graham's leadership is complete financial mis-management. Except for Mr. Graham's own personal financial compensation that seems negatively related to IPV's financial well being. At this point why would anybody consider giving him more money?? Thoughts, opinions, anyone?

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