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.

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

To: go4it who wrote (33582)	8/6/1998 12:08:00 AM
From: d:oug	Respond to of 35569

Charles, great work and effort you and Robert and Paunch and John and Ally are doing. About the only reason I can think of for a shareholder of IPM that is aware of this effort and chooses to not pledge their share votes to call a shareholders meetings with management, is because they are hopeful that the current IPM management is working positively in a good and constructive way to help IPM get out of chapter 11 and become a viable company back on CDN, and then successful enough to get back on NASDAQ. I would like it if someone taking this position would ask themselves a question: Will pledgeing my share vote prevent IPM from accomplishing any talks they have ongoing for financial help ? The answer to this question I do not have, and I wish Paunch could get a feeling or direct answer from John Yellich or Alan Doyle as to IPM's view of whats happening. Eventho I have appeared negative and most likely spiteful towards employees of IPM, my anger is really frustration towards an enemy I cannot identify and quantify, thus one ends up "throwing stones" in the direction where the object being focused on is at. I can give a hopeful answer to that question, and I'am sure we all wish the same in that I hope no damage is being done by our shareholders actions to hurt or prevent IPM officers from any contacts that may consider helping IPM out of chapter 11. To me this shareholders activity should be done anyway, even if its true that IPM is in talks with three companies, simply to create a safetly net to catch IPM if the officers of IPM cannot make a deal for finance money. This I think can happen if enought shareholders decide that its either watch IPM collapse into nonexistence and loose all investment, or to come up with enough new money to convince the court with those that are owned money that a fraction on the dollar will be acceptable. This last happening I am not sure if it would even be doable even if enough new money is collected since the new fact that progress on Black Rock must be accomplished, and this means employees and with the wall of silence from IPM, even if some employees want to remain, how can the shareholders relate to the wall of silence. Hire new employees ??? I have no background, and once again, the shareholders doing the long hard work now have other real full time jobs. So back to area of "who do you trust", current IPM officers and employees or the shareholders collecting the votes. Again with the wall of silence and past history and current state of IPM, I cannot obtain a degree of hopefullness in current IPM to get the job done and I must for myself gamble that current vote getting may hurt any current IPM contacts in progress. Seems like none of this vote getting actions would have happened if only the IPM.COM site was updated by management to let the owners of the company know whats happening. Once again, most likely their lawyers told them to be quiet so can't be held to anything said. I did ask IPM weeks ago to just give us an "under the table" vehicle of communication. Nothing is like a zero, and sometimes a zero or void will be unbalanced and likely tip towards the wrong side and replace the void with a negative mass. Once again, I don't even know what the heck I'am replying to. Easy to become uncoherent when the things trying to grasp on are not well defined or well knowned or understood. Too many unknowned. Like a one big soap bubble that doesn't pop, but the skin surfaces rupture in a controlled sequence to capture the air to create more tiny little bubbles. From on big wall of silence I now seems to see many little bubbles grouped together to replace the one big question with a dozen smaller questions.