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

To: Paunch who wrote (33727)	8/19/1998 10:55:00 PM
From: Jafco	Read Replies (3) \| Respond to of 35569

Paunch: I was involved in a company recently in chapter 11, when they emerged the stockholders got the shaft--that is, a 100 to 1 reduction in common shares. Lets hope IPM does much better. Joe

To: Paunch who wrote (33727)	8/19/1998 11:02:00 PM
From: d:oug	Read Replies (1) \| Respond to of 35569

Paunch, hopefully soon the situation will become clear so that the next steps can be determined based on knowing better where the management, in part or whole, stand with us or against us. The status report, with options, has not yet been released by you guys, and maby if the chapter 11 court decision is soon, like this week or next, then please you guys decide if delaying it to be received for the distribution will be constructive. All we shareholders really want as results is for IPM to be saved. Like cheap hotdogs, that to to me really taste good, maby should not see how made. The results are what counts, and here, its save IPM so ipmcf increases in value. And I would be confused if the bankruptcy court judge rejected an IPM restructing plan by the current management at the same time being informed that if the current management cannot show a plan to obtain money to pay off the curent debts, that the shareholders have expressed an interest to obtain new money for IPM to be used to pay off the debt of IPM. This ofcouse is hopefully not needed, but for me, I would rather speculate say 5% of my total current investment to try and save IPM rather than let chapter 7 = loose all. So I don't see how the judge can put IPM into chapter 7 without first obtaining a plan from the shareholders, the owners of IPM, when if a plan from management is not good enough.