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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: Luc N. who wrote (452)	10/17/1998 8:27:00 PM
From: John Wright	of 658

Luc, Luc.....easy now on the personal stuff. Unless you're Hollywood material yourself lets leave Mr. Graham's weight on the sidelines. For the most part I think the H/R cash channelled to Mr. Graham's relative(brother????) is a bit moot at this point. Although it will still be very worthwhile to see how much business(i.e. cash) has been channelled his way in the coming qtr in light of current IPV downsizing and cost cutting. On another point, I think Ralph mentioned in his last post that IPV expected to make a profit in Q4. Correct me if I'm wrong but wasn't Mr. Graham's last forecast a profit in Q3? If so what has changed to warrant the shift to Q4? Also, last year we heard a bit of the same mantra aboutt the company generating enough of a profit in Q4 to bring full year results to break-even. In light of last years results, how does Mr. Graham expect anyone to believe things will be any different this time around. Lies and deceit are strong words. I'd like to think Mr. Graham and crew aren't straddling the fine line on this one. Thoughts, opinions, anyone John

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