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

To: Paunch who wrote (34046)	9/8/1998 6:51:00 PM
From: E. Charters	Respond to of 35569

An American style buyout that does not make the same offer to all the minority shareholders is a screw job. The company has no assets, far too many shares and that is way too high a price to pay for the shares. A dead shell with no property, with no money and debts? Why? I am as close to a professional opinion as you will get on the value of the Arizona dirts who is willing to communicate to you honestly. I have no axe to grind. The stock without the property and no debt is worth about 1/10 of a cent per share. With the property it is dicey. If you were to relist on a CDN exchange the property is worth 10,000 dollars down and 100,000 shares maximum by law, as it has no provable ounces on it. A research program, which I assure you has better competitors for the dollar, to prove recoverable gold in those sands is very expensive and not the kind of thing a junior company should take one. When you can buy conventional properties that have millions of ounces probable for 10 cents on the dollar and be sitting like a king when gold comes back why pee pee your money away on dreams when you are not a scientist with the idea. Dreams don't make returns, business does. E. Charters mailto:echarter@vianet.on.ca

To: Paunch who wrote (34046)	9/8/1998 7:19:00 PM
From: Jeff Williams	Read Replies (1) \| Respond to of 35569

Paunch: I am not sure what you are proposing, or if it is legal, but anyway, I can't help you because I am not an IPM shareholder. However, if I understand what you are saying, you have some money to invest in a platinum property. Why don't you buy Global Platinum (OTC-BB:GPGI), which is already in production making weekly shipments to Sabin Metals, and has started receiving checks for their product. It's market cap is about $9.9 million based on 21 million shares selling at $0.47 (US). They have ordered and paid for equipment to boost their production to 50 tons per day. Can't tell you about cash flow, but their product was reported worth about $1,000 per ton of ore, and that was before several enhancements that will boost that figure. Just a thought, but you might want to check their website at gpgi.com . Regards, Jeff

To: Paunch who wrote (34046)	9/8/1998 7:46:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 35569

Paunch, I'm interested. The only complication I have is that my 40k shares are in an IRA. I would have to purchase the buyout shares through my broker that administers my IRA account. Maybe shareholders of record could buy "preferred shares" as buyout shares, or buy IPM warrants which then could also be used for future funding if necessary?

To: Paunch who wrote (34046)	9/8/1998 7:54:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 35569

Paunch, what is involved here? Is IPM going to offer "rights " to existing shareholders to buy shares in proportion to their current holding, or can I, a not current owner of IPM shares put $500,000 on the table for let say, 5 MM new shares at let say $.10. In the both cases those shares will have to be registered. Since you have not obtained "backing" from more than 1 MM shares, you can assume that at best, you will have those 1 MM shares participating in the rights, even at $.25/shares it is only $250,000. Not enough to move a finger. Let be extremely positive here and assume that 10 MM shares would be bought at $2.5 MM ($.25/share), is that enough to satisfy the various lien holders and prove the property with a viable process? Whomever organizes this thing better check with a securities attorney to make sure that no violation of the 1934 securities act and all its later amendments are violated. Finally, if I were a share holder, I would need to see a detailed plan as to what is the minimum amount that would be accepted and what can be done (and will be done) with that money. Who is going to put that plan together? By the way, if you go the route of rights, it would be illegal to nullify the shares of those people not exercizing their rights. The only way you actually can do that is by actually put IPM in Chapter 7 while you have funds from those willing to go ahead with you, and then buy what is left of IPM from the court appointed liquidator. I doubt you can "prepackage a liquidation. In any event, to raise the money, if not in the form of rights (through IPM) you will have to form a new company and this company will have to issue shares (namely one kind of offering or another, and if most the buyers are not accredited, an expensive proposition since even if it is not a public offering, it will have to be preregistered with most states and blue skied in all states where you'll have potential investors). Good luck to you. Zeev

To: Paunch who wrote (34046)	9/8/1998 8:36:00 PM
From: d:oug	Read Replies (1) \| Respond to of 35569

Paunch, yes I am interested. You have a lot of information that is not on this thread, and is needed to go from interested to commit. You said "IPM thread will work for all comments". But is it now possible to post details that will explain why IPM went into chapter 11 ? On the newly made thread by Jay Taylor, a poster who says that he is a paided subscriber outlined some information that he says was in the Taylor newsletter. Without knowing this person, or if what said was valid, the message was that IPM's management was the main reason for the collapse of IPM. Funny and not, but Tim's message all along was "the management". But the post was choppie, and may imply conclusions based on a person's read. To go from interested to commit, a couple steps and questions. (1) As Zeev knows from experience, to do this safety requires the services of a law firm not only knowledable in taking companies out of chapter 11, but they have persons that this is their specility. They know things learned the hard way by inexperienced others. So, are we at this point to be able to hire the needed legal team ? (2) The buy out price of 8 to 25 cents on a share is a big swing. To commit with speculation leans toward the lowest price. If the test results come back on the low side, then less speculation, but still a desire to put minimum money in. Good test results will not only make people lean towards the 25 as a possible, but without good test results upfront, many will not feel comfortable to state a buy out interest. You say time is short, but this buy out is hard for many to consider without having an explaination of how IPM got into chapter 11. We all doubt IPM's dirt is worthless, but we need a test results that 'we can take to the bank". (3) Could the civil, and maby possible ciminal law suit, put road blocks up that may hinder a buy out, or even later after a buy out hinder the new IPM from conducting business ? Pauch, I realize a lot has happened quickly, and you need input, but this thread has received very little "official" input from the things discovered about IPM. Doug