Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : DESERT DIRT TA -- Ignore unavailable to you. Want to Upgrade?

To: go4it who wrote (1286)	7/24/1998 2:15:00 PM
From: BillyZoom	Respond to of 1539

Chuck Thanks Chuck, yes, if you can get it rolling please do contact Dale for his input and have him contact Yellich. I forgot to mention that IMO for a plan like this to work the shares would have to be pulled from any exchange until completion of the "B" Warrant coinciding with the property purchase to ensure stability. This shouldn't be a problem as all traders would be out of the stock by now anyway. Thanks Again Rob

To: go4it who wrote (1286)	7/24/1998 2:24:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 1539

Charles, a little background if you are calling Runyon. I had already emailed Runyon about the possibility of Maxam taking over IPM as an LLC. Runyon called me and said it was an interesting idea, Phoenix has a significant interest, but Maxam didn't have the money to do anything by themselves. He may be sympathetic to what IPM shareholders are doing. You may also want to review with him if he would be willing to take in IPM as an LLC of Maxam with its own trading shares if shareholders can leverage IPM free from current management and debt.

To: go4it who wrote (1286)	7/24/1998 4:03:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1539

Charles, I am reading with interest the creation of this "stockholders" movement. I am not sure if you people are at all interested in the other side of the issue. What it seems you are trying to do is to raise a million bucks (assuming that about 50% of holders go for the deal) and hope to take this out of bankruptcy. One thing I believe should be checked is the ability of a company in CH 11 to issue shares in a public offering (that is what this is about). They can issue shares in a PP and even issue warrants to buy shares later, but the actual buying must be part of a Judge decision on "reorganization". After all, a CH 11 is holding the debt holders at bay until a plan for reorganization is authorized by the bankruptcy court. Zeev