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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (5761)	9/26/1998 8:24:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Larry, <<Today's quote on IPM is .001>> Bid or ask? One thing that I know for sure is that if nobody picks up IPM, my shares of IPM become worthless. I have always believed the strategic value for the desert dirts was in their property holdings, a 50+% increase in Maxam's holdings for minimal cost makes sense IMO. As technology unlocks desert dirt value, it's the holdings that will reward shareholders. Runyon told me that IPM has very good dirt, that's partly why I bought IPM stock in the first place. Enhancing MXAM shareholder book value for so little looks pretty good to me. Even the $0.10/share price is now below the current MXAM bid. If someone was trying to overnight sell IPM stock I would be concerned, but MXAM? I buy that regularly on the open market.

To: Larry Brubaker who wrote (5761)	9/26/1998 11:36:00 AM
From: KipferlMeister	Respond to of 11603

Larry, <<the merger with Maxam would value IPM at .04 per share, then Maxam would be paying a 3,900% premium above IPM's>> Then the obvious play would be to buy a bucket full of IPM and let Maxam take them off your hands for a 3,900% profit. Let me know if you're able to pull it off <VBG>. -Michael

To: Larry Brubaker who wrote (5761)	9/26/1998 10:32:00 PM
From: PETE STONEY	Read Replies (1) \| Respond to of 11603

Larry, I also had that quote on my MSNBC page on Thursday. Friday am I talked with my broker at Merrill Lynch requesting him to buy IPMCF at .001-I called back after a couple of hours-he said no luck. The quote he told me was many months old and there was no IPMCF stock to be found. He said IPMCF last traded as an Over The Counter Non-Bulletin Board stock. I believe at this point Maxam is reaching down to help pull us IPM shareholder out of the hole we are in and I thank them.