Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Char who wrote (34707)	2/27/1999 10:37:00 AM
From: Alan Vennix	Read Replies (1) \| Respond to of 35569

Char, <<Is it possible someone else could buy the claims for a song and Phoenix would be left out in the cold? >> This is my expectation of what might happen. Current IPM "management" will get some cash for the shares, pay off crediters (which likely includes the management and directors), and the new owners will have it free and clear with nothing going to the current shareholders. Of course, I assume the bankruptcy judge would have to approve any deal, but if they can get a few hundred thou that's likely more beneficial to the "crediters" than the MXAM deal, which would more benefit shareholders (in IPM firstly, but MXAM shareholders also if you believe in the potential value of BRX). JMO. Alan