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

To: Richard Mazzarella who wrote (34116)9/10/1998 9:00:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 35569
 
Richard, for a change I agree with Larry (gosh down goes the ZIDDI again). From the point of view of people putting in new mo ey (and $1 MM will not be enough), if these people believe that either MXAM or GPGI are viable companies, this new money will be better "leveraged" in on of these organizations, IMHO.

Zeev



To: Richard Mazzarella who wrote (34116)9/10/1998 10:29:00 AM
From: Larry Brubaker  Respond to of 35569
 
Richard: My point is, why should new investors spend say, $2 million to get 25 million shares of IPM stock (100% dilution, as you say) and only wind up with half the company.

If you let IPM go bankrupt, negotiate to get the claims from Phoenix/Omega, you can get 100% control (rather than 50%) of the property for less money (you don't pay for IPM's debts).


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