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Gold/Mining/Energy : IVS could be the next "microsoft" in the automotive ind.

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To: Doug Heuring who wrote (3)1/13/1997 11:24:00 PM
From: Cosimo B   of 183
 
Doug,

Finally received information on IVS, the investment summary they sent us is impressive, however the financial statements say a different story. If we were to make an assesment as regards to the FS, the company would be or is bankrupt. I do understand that the company is in a research in development stage, but were will they get the money to produce their products ? Do you know if they plan to issue more stock ?
If you more detailed information, or know someone inside the company please let me know.

Thanks.

Cosimo
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