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


To: Ben & Ally Maddox who wrote (33372)7/15/1998 6:24:00 PM
From: Furry Otter  Read Replies (3) | Respond to of 35569
 
Nice letter, well-written, concise, but I don't get the underlying premise. It seems to me what destroyed the value of IPM was a certain press release that IPM issued last November, not anything Mason Coggins or AZDOM did. Which is not to say Coggins and AZDOM aren't evil and misinformed, I just don't see how they are really responsible for the pickle IPM is in now. I also do not see why the letters are necessary; if some shareholder wants to sue AZDOM and Coggins in a class action, all they need to do is sue--they do not need letters from other shareholders.

Does IPM management have any involvement with this letter-writing campaign? For I can't think of a better way for IPM to avoid any accountability for its actions than for hundreds of shareholders to state publicly that they think somebody else is at fault.

JMHO

Regards, Otter



To: Ben & Ally Maddox who wrote (33372)7/17/1998 7:48:00 PM
From: Andy Thomas  Respond to of 35569
 
>>We are shareholders of stock in International Precious Metals. We have been hurt badly in our investment in IPM, mainly because of unscrupulous people like Mason Coggins and other principals of the Arizona Dept. of Mines. <<

I don't really believe this.

What about all of that crap with NCMI, etc., etc.?

I think that IPMCF destroyed itself - for what reason I don't know.

FWIW
Andy