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

To: Zeev Hed who wrote (31803)	4/25/1998 10:35:00 PM
From: go4it	Read Replies (3) \| Respond to of 35569

Zeev, Your knowledge base is definitely impressive to say the least but I don't understand your train of thought at all. Your thinking always seems so finite from my perspective but how can I debate things with you when you were right so many other times. Those are not the only options they have. You didn't mention anything about JV's or limited dilution with warrents attached at higher prices when the fundamentals will support the higher price. Perhaps IPM will spiral down in a ball of flames but if the property is picked up by another than I will invest in that company and if the property is not picked up by another company than I will pick it up personally and that will be MY turn to mortgage the house and charge up the credit cards. Just for the record, I think Joe H. has done a fine job at refraining from attacks on people and like wise attacks on him. This thread no longer resembles the war zone it used to. Unfortunately many of the really good debates left a long time ago. Zeev if you have any scientific knowledge than you should be able to see what a fiasco this has become and how easy this process should have been to make work.

To: Zeev Hed who wrote (31803)	4/26/1998 11:19:00 AM
From: Proton	Read Replies (1) \| Respond to of 35569

Re: I.D. Check Peter, I hope the Mr. H you are referring to is not I. Indeed not, sir. To me, you are either "Ze'ev" or "Dr. Hed." On a personal note, hope all is well with you and your latest endeavor. Pý

To: Zeev Hed who wrote (31803)	4/26/1998 11:44:00 AM
From: Larry Brubaker	Read Replies (3) \| Respond to of 35569

Zeev: I think you are too optimistic about IPM <VBG> You said, "IPMCF has a burn rate, and at some point t (BRxt=cash on hand), the money spent will exceed their cash on hand." The "at some point" has already come. Their last quarterly report indicated a $2.2 million working capital deficit. At 25 cents per share, assuming no premium to the new investors (unlikely), they would have to issue 9 million shares just to pay off their deficit. And that just gets them out of the hole. Say they need another $2 million to operate the company for another year (I assume Bateman, labs, and their employees would like to be paid for their efforts). Then you've got another 9 million shares. (By the way, getting by on $2 million for a year would mean IPM cuts its burn rate by more than half, so less "progress" in return for all of the dillution). Now you've just about doubled the amount of shares outstanding just to keep this thing going (with much less money to spend) for another year.