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

To: Paunch who wrote (34054)	9/8/1998 8:50:00 PM
From: d:oug	Read Replies (1) \| Respond to of 35569

Pauch, lots of quick posts here. I reread Zeev's post, and I think he added thru the Edit feature more comments. Please click and scan to see if so. Message 5697010 It would be nice if in a couple hours after all the posts, if you could please give a short summary of what happened to you initial post. We is all in BIG time now. It would be nice to have a "new" IPM that can extract precious metals from the Black Rock dirt. Especially if you and Robert and Chuck and Ally and John are the directors we can trust. Doug

To: Paunch who wrote (34054)	9/9/1998 5:40:00 AM
From: d:oug	Read Replies (1) \| Respond to of 35569

Paunch, in you post was the following: >>> $ 500,000 to pay off the debt $ 750,000 to prove the property. Then money would be available from the out side. <<< "from the outside", is this a reference to that rumored PP, or are you saying "...money could .." because you feel that the company will have a value reconized as desirable ? Also, let me do some simple numbers, and use as one million dollars total to do both above. If there are 20 million ipmcf shares out there, and we can get 2 million pledged, and if every person puts in the same percentage. Lets first assume every person in the 2 million pledge puts in the new money, and noone in the other 18 million puts in money. That 50 cents new money for each share. I must be doing something wrong here, but I will continue. To get a 10 cents, needs 10 millions shares. Or, if everyone, meaning all current ipmcf shareholders, agreed to put in new money, all the same percentage, meaning for each share the same amount of money from each. Then with 20 million shares, and new money of 5 cents per share, gets one million. 20,000,000 x .05 = 1,000,000 20,000,000 x .06 = 1,200,000 So, if all did 6 cents per share new money, I get your numbers. If 2 million only does it, then 60 cents. I just had a bad thought. When I say that all current shareholders should retain a valid ipmcf share, even if they do not input any new money, and assuming somekind of dilution, I'am thinking of those that pledged their share vote to Chuck and Robert and Paunch and John. Not those other 18 million that did not support this activity. I don't think they can be sepeated. If 90% of those that pledged their vote did add new money, I would like to see the other 10% be carried over. But if using all shares out there, if 2 of 20 add new money, I can't justify 10% taking the whole risk and letting 90% come for a free risk free ride. Guess a 100:1 dilution would have to be done, effectivily leaving any current shareholder that adds no new money with close to zero. This troubles me because if we just got near the 2 million pledged, are those other 18 million shares owned by who ? Why are they no shows and silence, as if they don't care. Maby they could walk the walk the same way as they talk the talk. No talk, no walk, cancell the shares and give up any claim on them. I really have no idea what the hell is happening, as options. tar and chicken feather those responsible for this mess then put them in the middle stall between Bill and chatters as they have another far*ing contest Bill won the last one, I unfortunility had the unpleaser to witness but then for quality, chatters was the winner bill has the quanity fartability