To: Graystone who wrote (27555 ) 11/24/1997 4:47:00 AM From: Graystone Respond to of 35569
Knights and Jacks or Knaves and Jackals After several years effort with Behre Dolbear IPMCF announced that Behre Dolbear were now the "auditors" that all they ever did was "witness" anyways. They decided it was time to bring in another firm to start the whole process all over. How many witnesses will be required before you realize that the company has no serious agenda at all. How much of your money has been wasted so far ? Who cares ? <<IPM looks forward to the opportunity to have this matter presented before a court of law in the State of Arizona. IPM fully expects to obtain a judicial determination that the Department of Mines was without any authority over the mining industry and that the statements made by Messrs. Coggin and Niemuth about IPM's Black Rock property were untrue and misleading.>> The company announced that they had WON the lawsuit and then went on to say this. Further it is IPM's expectation that once the precious metals recovery results from the independent verification program have been announced, the position taken by the Arizona Department and its employees about the existence and recovery of precious metals will be proved incorrect. This will not result in $25,000,000 in damages will it ? The $25,000,000 in damages that IPMCF said they were suing for would clear up any financing concerns you might have, wouldn't it ? It would be better than going offshore for a dilution of your value don't you think ? Leading psuedo-lawyer and company goon pointed out an interesting thing. ... After reading the transcript,... Trial transcripts are likely available to anyone who wants to spare a bit of effort. ...it is obvious... Now my guess is it may not be so obvious. If IPM(CF) did not pursue the and part of the lawsuit as they said they were going to do in April, then they have lied to you. Very simple really. Let your lawyer figure it out. In Canada it is illegal to tell shareholders you are doing one thing in a publicly released document and do another thing. The affair involves an enormous amount of money, what is in the company's best interest ? Maybe things are different down there ? Reading Wetterau's post, it should be pretty obvious that the company planned for this eventuality. Does it matter, no. They have likely been buying stock to support the price over the last week so it doesn't floor right out on them. The fishermens nets are full, but can they land thier catch ? The scenario of "one director staying home" to make a special meeting impossible is "likely" true, but thats how criminals act. Forcing a "special meeting" would be a good way to test the mettle of this bunch don't you think. ( test the metal, heheheh) Several large shareholders could likely get the ball rolling. My guess is that they will find a slick way around it, but you will never know if you don't try. Legitimate businessmen will all be at the meeting addressing your concerns, I am sure you have many. The nets of the fishermen are full, you are caught, the only safe way out of this is to sell your stock and spend the money on something nice for Christmas, like a new wreath. Behre Dolbear wouldn't sign off, Bateman won't say anything except it is "non-economic", the company is lying when they tell you that an "ore resource statement" can be made. They are "double speaking" and have been doing so for several years. This is very clear to the people who read these threads. Thats not sand, thats ORE. heheheh