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


To: d:oug who wrote (33339)7/11/1998 10:51:00 AM
From: Zeev Hed  Read Replies (2) | Respond to of 35569
 
Doug, I am still wondering why IPM is not "collecting" on the loans it made to the Chairman and its affiliated companies. If memory serves, this was more than a million bucks, and I would say that the company had no business lending this money without appropriate recourse and liens on some tangible property. If a suit is being launched, this issue should come to the fore as well.

As for AZ-DOM (?), they have been claiming that there is no PGM in AZ for some 15 years, and I doubt that this claim had anything to do with the demise of IPMCF, it is just a scapegoat. Why was IPMCF able to raise money to continue their profligate habits before the chicken roosting and not after? Certainly no because of Coggins. Coggins and his chronies were around long before the chicken came roosting (or failed to roost).

Zeev



To: d:oug who wrote (33339)7/11/1998 7:41:00 PM
From: go4it  Read Replies (1) | Respond to of 35569
 
Doug,

I was just checking the thread a s I still find myself addicted to it after so long and saw my name mentioned. I would be happy to act as thread liaison for IPM but I offered that a long time ago and they had no interest. I would not do it at this point until I had the opportunity to nail past and present management's butt to the wall and give them the third degree to get the answers I wanted. BTW I don't think any of the 3 you mentioned lives near Arizona. I don't anyway.

Best Regards,
Chuck