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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (3122)	11/25/1997 10:23:00 AM
From: J.L. Turner	Read Replies (1) \| Respond to of 11603

Larry The way I read IPM's 10-k is that there is a daily $5000.00 penalty beginning July 15 and continuing until the date of the 2nd payment.This would be in addition to the daily stock penalty.At approximately $150,000.00 per month there would currently be an additional $600,000.00 owing thru 11-15-97.It also would be reasonable to assume that the penalties after 10-15-97 were even tougher.Do the 6,000,000 shares to Omega represent further dilution? P.S.I don't see any way for IPM to do a private placement that could benefit IPM shareholders at this time I'm not sure how that comes down for Maxam. J.L.T.