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

To: Zeev Hed who wrote (29442)	12/21/1997 8:09:00 PM
From: Brander	Read Replies (2) \| Respond to of 35569

Zeev, the way I undestand it is simply that they (receivers of Reg S financing) get their shares at what amounts to a discounted price. Then, when the actual price goes up 50 to 100%, the market beomes flooded with stock, as the receivers of the financing are cashing in their dicounted shares for a nice profit. That is where the resistance stands. There is a waiting period before they can do that though, and it used to be 90 days, but I think it is now much shorter. Happy Holidays, Brad