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

To: d:oug who wrote (32263)	5/19/1998 10:30:00 PM
From: knight	Read Replies (1) \| Respond to of 35569

Doug, Zeev gives a good scenario outlining the pitfalls of floorless debentures at the following link: Message 3637974 Now that IPM trades CDN OTC this may not apply as the vse requires that the conversion price be stated prior to acceptance by the exchange. This may or may not apply to the CDN OTC, something we should check into. I have to admire your courage in buying at market on the OTC but I appreciate your reasoning (a lot of "ifs" though, huh? ;-)). I hope you're right on the $2.50/share, but the way I see it; US$1.5 MM financing isn't too shabby at a .30 share price, so even a buck is feasible. Regards farming, man that's a tough racket. Tried it for awhile, ran a 500 head feedlot, 200 feeder hogs and, yes, farm fresh eggs. Selling eggs kept my head above water most of the time;-). Now I play the stock market, a lot of similarities, except I don't have to do chores! Buying shares of the company is referred to as "going long". Opposite of this would be shorting, selling borrowed shares in the company, with the expectations of the share price falling and buying back the borrowed shares. The difference between the selling price and your covering price (buying the shares) is your profit. A great way to balance the losses in your "long portfolio" ;-)).

To: d:oug who wrote (32263)	5/19/1998 11:03:00 PM
From: go4it	Respond to of 35569

Doug, Good post. Although after tomorrow I don't know if they will allow me to put in an order on the Canadian OTC. I received the most unbelievable E-mail from one of the market maker surveilence officers. Well anyway my reply was not very nice. I never did get the chance to talk to anyone from IPM while I was in Phoenix I am sorry to say but I did finally get the chance to go see the world famous rock museum where Coggins works. I agree with everyone else that it is a very pretty rock museum. I particularly like the section that showed the black sands as good placer deposits and the platinum and paladium that have been found in Arizona.