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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: CynicalTruth who wrote (2254)2/12/1997 5:35:00 PM
From: Gerald Walls   of 35569
 

"I consider this a downtick on the "is this a scam" chart. I'm still holding my shares but this is a disappointment to me."

Like I posted a couple of days ago... even though the bench tests have been scaled up by a huge percentage, the bulk necessary for production sizes are going to take more time and experimentation. They will eventually succede... when is anybody's guess. How long and how many failures did Bell have before he finally got his crude telephone to work??

Use these opportunities to increase/start a position or make a few $$$ trading it. IMO we're going to see more of these ups and downs. If you're not confortable with your investment, you should probably get out.

Regards.

John


The rest of my comment was that management was either hoping no one would notice or were inept to yet again not announce that a BD activity was slipping. Also, this is one downtick after a bunch of upticks.

I interpreted what I read to be that the announced date that the test would start was slipping. From what another poster said this was actually an announcement of when the test would complete. I hope this is true.

Which would give you the most comfort, a company that issues a press release that an activity will start on a certain date and then issues another press release that the date has slipped, or one that issues a press release that an activity will start on a certain date and then you have to call the company to find out that the date slipped? That is my disappointment. What in the world is the management thinking?
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