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

To: Larry Brubaker who wrote (31176)	3/24/1998 11:10:00 AM
From: BillyZoom	Read Replies (1) \| Respond to of 35569

Larry Excellent point. To stay listed on the NASDAQ Small Cap a company must have a minimum $1.00 bid price PLUS a market cap of $35,000,000 OR net income of $500,000 OR tangible assets of $2,000,000. This property purchase combined with the MGGold and Namibian Copper shares takes care of the tangible assets. Now, what about that bid price? Rob

To: Larry Brubaker who wrote (31176)	3/24/1998 11:51:00 AM
From: Tim Hall	Read Replies (1) \| Respond to of 35569

Larry, at this point what asset can they show? They have temporary mineral rights to Black Rock. Is there enough information to assign a value to those mineral rights?

To: Larry Brubaker who wrote (31176)	3/24/1998 12:00:00 PM
From: Richard Mazzarella	Respond to of 35569

Larry, I think that it was just a way to avoid mutual assured destruction. As a thall, a meteor will hit you tomorrow comment, something out of thin air: Could Phoenix have had something to do with the change in management?

To: Larry Brubaker who wrote (31176)	3/24/1998 6:47:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 35569

Richard: I wouldn't be surprised if IPM's gaining ownership of Black Rock is tied to the delisting. I believe companies have to show a certain asset value in order to remain listed on various exchanges. Previously, IPM showed a big debt, rather than an asset for Black Rock. Now they can show they have an asset. Isn't there also a $1+/share listing requirement now? A nice 4:1 reverse split would take it back to $2.