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

To: BillyZoom who wrote (32348)	5/22/1998 1:39:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 35569

"the liquid assets IPM are showing on the books can be leveraged to $1MM+ working capital" Robert: I would submit these assets are not very liquid. $500,000 in cash which can't be spent because it is collateral for a loan is not very liquid. 1 million shares in a very thinly-traded penny stock is also not very liquid. Maybe you could explain to me how these "liquid" assets can be leveraged into $1+ million of working capital? Must be my lack of experience in financing businesses.