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

To: Tim Hall who wrote (33075)	6/20/1998 11:22:00 AM
From: Alan Vennix	Respond to of 35569

There are two or more classes of claims, Tim. The original Black Rock claims that IPM acquired from Phoenix, and I don't know whose name those are in. And the claims IPM acquired later in the surrounding ares which are undoubtedly in IPM's name - or at least they were originally; who knows what name they are in now.... Alan

To: Tim Hall who wrote (33075)	6/20/1998 12:58:00 PM
From: Tim Hall	Respond to of 35569

First of all, let me say that I am truly sorry for those of you left holding the bag. However, there are a number of questions that still go unanswered. Who bought the MGAU shares from IPM and what did they pay for them? Did IPM disperse the proceeds before C11 and if so, who got them? Will Phoeinx/Omega be able to take a big loss on the millions of shares they held or did they sell them or use them to cover shorts? Why did the gentleman (I forget his name) from MGAU take over IPM and then Furlong move to MGAU Board? Surely both of them could see what was coming. Has Bateman been on board working on resource statement since Black Friday, or did they simply take their money and run. Although I don't believe the company said they they were always on board, the implication was there. Who does IPM owe money to? I am not familiar with C11. With other companies that are making money but not enough to pay bills, C11 gives them a chance to work their way out of debt and continue. Since IPM has basically no assets and no production, what are benefits if any of C11. It would seem they would have to find new investors to continue. Is this possible? Can shareholders bring a lawsuit against IPM or their board of directors? Any answers would be appreciated. Tim Hall PS If any shareholders are interested, I can provide name and phone number of individual with AZ securities agency. I understand he is interested in looking into IPM but needs to hear from shareholders who think they have been mislead.