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

To: Bob Markley who wrote (26547)	11/15/1997 10:55:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 35569

Bob; By definition there is no premium for 'at market' shares. If you think they are worth $20 and they can be bought on the exchange for $10. If however someone pays a permium to market there must be a carried benefit, like a warrant, or two at a low price.(there are rules). Suffice it to say it is rare to have a reg S at a premium to market unless the buyer is either dumb, getting a benefit(warrant etc), or into chicanery and collusion with current management(a hidden benefit) Bill