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Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: mariner who wrote (499)	11/19/1998 6:46:00 PM
From: Luc N.	Read Replies (1) \| Respond to of 658

Totally agree Mariner, this stock isn't going anywhere. Look at sales growth in the past quarter numbers, down about 40%(if I remember correctly). This stock should be taken out of the TSE. Robin you are making a big mistake in thinking that because this stock was selling at 2.00 at one point that its now a screaming buy at even 25 cents. Believe me its not. Do yourself a favor drop it. Look at some blue chips or someone who has a good growth rate. Newbridge Networks is up today to 40.50$ from about 27.00 a couple of weeks ago, I know I had recommend it to you.... Anyway, i still like to see what is going on with IPV because I get to learn something. Small caps that don't have any profits like IPV are going nowhere in this type of market.

To: mariner who wrote (499)	11/20/1998 6:49:00 AM
From: John Wright	Read Replies (1) \| Respond to of 658

Mariner, I think you're a bit off on your cash analysis vis a vis more sales. The company already has an "unaudited" order book at $20m. Building it will have negligible impact on the company's cash burn rate. IPV needs to manage their cash in operations spending & SGA. So far under Mr. Graham's leadership they have not been able to do this!!!! The latest q2 balance sheet is a disaster and in my view the beginning of the end. If I was one of their trade customers with a hefty IPV deposit, I think I'd be asking for some of it back. Who, in their right mind, would give IPV more money at this point? Thoughts, opinions, anyone? John