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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: PETE STONEY who wrote (34953)12/2/1999 10:30:00 AM
From: Paunch  Read Replies (1) | Respond to of 35569
 
Pete,
IPM was to go chapter 7 in Nov. but one of the creditors ask for an extension until i think Dec. 12 TH. What IPM owns in not enough to pay bank one who has a secured debt so they get everything and the other creditors get nothing.
IPM will most probably go into chapter 7 at that time.
Paunch



To: PETE STONEY who wrote (34953)12/2/1999 12:01:00 PM
From: Tim Hall  Respond to of 35569
 
In March, John Yellich was in Thorton, Colorado. Phone no. 303.280.1189.

Tim



To: PETE STONEY who wrote (34953)12/2/1999 2:42:00 PM
From: Rich Bailey  Respond to of 35569
 
Pete,
Since the stock has not been trading, and basically worth $.0. I believe,(check with your tax advisor) regardless of the bankruptcy status, you can write-off IPMCF as 'Worthless Stock'. As I did last year.


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