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

To: Jafco who wrote (33728)	8/19/1998 11:02:00 PM
From: Bill Jackson	Respond to of 35569

jafco, That would be par for the course. Someone owed a large amount, say on a property deal, would end up with 30-50% of the re-organised shares. The other shares would collectively go to the creditors as well with the original SH shrunk to 5-10% by just such a 1/100 share consolidation. As it stands the biggest debt is the land $$ owed so this could be dome legally and would forestall any SH action to make a meeting(special). Bill

To: Jafco who wrote (33728)	8/20/1998 12:06:00 PM
From: go4it	Read Replies (1) \| Respond to of 35569

Joe, I know thing such as you describe are done but i have never understood the line of thinking that was involved with it as everything is relative to each other. Other than for psychological or exchange rule purposes the need to keep a given share price is ridiculous with all these splits and stuff. I think Warren Buffet understands it quite well with his Bershire-Hathaway stock but nevertheless I do know it is done and hope that it is not done here. Chuck