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 (1493)	8/4/1998 4:18:00 AM
From: d:oug	Respond to of 1539

Charles, this is really a reply to myself talking out loud using the keyboard as my voice. - We don't know what the current IPM management is doing, and we do know that they do not want to tell us what is happening. They could have done so thru the IPM.COM web site, but didn't, and now cancelled that point of communication. - As Charles phrases it "its the shareholders company", we the shareholders own the company thru our investment, and even if an employee holds shares, all employees have a single overriding purpose to increase shareholder value. - The IPM Company is in deep trouble. If not for this shareholder activity to put a light onto the situation by obtaining enough votes to force management to address the shareholders, then it is possible that no plan or actions were being taken by IPM management to save the company. Someone said that its was a voluntary chapter 11, and if management wanted to sink the company, they could have gone into chapter 7. Maby and maby not. Legally maby the state of affairs of IPM were not sufficient to qualify for chapter 7. Or maby if management was able to go directly into chapter 7, it would have STUNK too much and drawn too much attention and "blown" there cover/intentions. - As far as I'am concerned, a gut feeling, or call it my distrust of any group of people responsible to others and refuses to honor their obligation to them, that I feel that if Ally and then Robert and Charles did not start "looking" at IPM, then I feel that the plan to let IPM fail could very much have already happened. - Without SI I don't see how any of this could be happening, the shareholders actually doing something that may already prevented a planned IPM failure, or if IPM management was really trying to save the company, but just don't know how to communicate with shareholders, a fraction of the shareholders are offering to put new money in to keep IPM going and out of chapter 11. This SI stuff is new, especially to any "old timer" who spent big amounts of time without computers that could connect the company to shareholders via their home. - Hostile is not a good word to use here. Forced is a level less harmful. We just want to be able to find out whats happening, and based on this info, take actions if necessary to save the shareholder investment. As Charles says, you can take over that which you already have. We just want to see if what we have is off balanced and potentially ready to fall down crash and burn, and if so, its ours and we want to prevent damage from happening to what is ours. - If IPM continues and needs to show progress to keep valid the rights to Black Rock, then a big yes, we need companies employees, and ones that can get the results. As the saying goes, this shareholder voting number getting if sucessful will be the easy part, the next step to make IPM a successful company will be a different animal. But at least it will be an open and honest battle. Do a good job, get a good pay, company wins, employees win, shareholders win, the system wins. To weather a bad storm is not a nice or enriching experience, but it builds character and shows character and show whos a doer and whos a "goes with cheese". As oldtimer threaders go, Charles and Robert have showned that not only can they talk the thread, they can also walk the thread. - There is always the chance that IPM was going to be saved at the last moment, but if the last moment comes and no save, then its not like a tie game..no overtime. The silence of the IPM is like we not knowing what the score is, and only like 25 seconds left in the baseketball. Larry Bird of Celtics did a lot of last seconds stuff to change a lost to a win. That guy Miller scored like 10 points in the last 3 seconds of a game to win it. We don't know what the score is because IPM won't tell the people that own the company what the score is. Maby if we don't score 2 points, we loose, or maby if we score 2 points we win. One way to not score is to not play, not to engage the other side, and unfortunally the other side appears to be the employees of out company. Weird. Doug

To: go4it who wrote (1493)	8/4/1998 7:56:00 AM
From: Bill Jackson	Respond to of 1539

Charles, You need to overthrow the small group which gets the omnibus proxy votes, some SH proxies and their control block to get a majority. You will then be able to operate the company openly and properly in the direction that the SHs want to go. Has anyone asked the transfer agent for a copy of the share attendance? This will show who attended, how many shares and how many were direct procies and how many omnibus proxies. It is critical that you get the word out and gather proxies now. Even as we speak the manglement could be getting ready to call a belated AGM. What is the status of regulatory filings?, in default? Bill