International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Larry Brubaker who wrote (34705)	2/27/1999 9:04:00 AM
From: Char	Read Replies (1) of 35569

<<In any event, a little speculation, if IPM completely belly ups, BRX is returned to Phoenix. IMO we could even see BRX eventually a Maxam property at almost no cost to Maxam shareholders.>> I don't know if this is what would happen or not. If you are a manufacturer and sell some products to a store on credit and they in turn file bankruptcy. Does that mean you can go get your products back or are all the assets of the store sold off and you just become a creditor like everyone else and may get paid off in only pennies on the dollar? Is it possible someone else could buy the claims for a song and Phoenix would be left out in the cold? Char

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