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


To: Anne Lamb who wrote (31506)4/10/1998 9:29:00 PM
From: d:oug  Read Replies (1) | Respond to of 35569
 
...looking for news...been so long since any...Anne L.
Anne, since I started buying IPMCF Feb 13 @ 13/16 (.8125),
I have continued to buy based on what I read on this thread,
the good, the bad and the ugly(Seems like there are some people
out there that exchange information with the purpose to
inflict hurt and pain on others. The best answer to these posts
is no reply.). I always buy "at market" since I find it too
stressful to put a buy order at a certain number and wait to see
if it will happen. I don't feel in control that way.
Since I have invested a lot of money into IPMCF, I will put a
positive spin on "at this time, no news is good news", as follows:
With the Bre-X scam, people that lost money will try to get back
their money any way possible, even if it means to sue "anything
still moving" that's was connected to it. If the exchange that
Bre-X traded on was NASDAQ, then NASDAQ has to be extra careful.
All that I have just said is knowned by all, no new info here.
But, my spin is that eventho NASDAQ was certain that IPMCF was
not a scam, but just poor management/jugement/etc, NASDAQ's lawyers
instructed them to initiate against IPMCF a delisting action.
This, for the following reasons:
- NASDAQ wants to investigate IPMCF to make sure its not a scam.
- NASDAQ wants all of it's listings to be successful, and this
action will put pressure on IPMCF to do things it would normally
not do to help itself. For example, ______ (fill in the blanks).
- If IPMCF is not delisted, and cannot deliver precious metals in
the amounts the company predicted, NASDAQ can say to anyone
looking for someone to blame "once it was brought to our
attention that this was a troubled company", we initiated
correct and proper procedures to identify this information to
our investor community thru a delisting action.
My positive spin.