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Re: gr8rfool post# 8047

Saturday, 11/25/2006 4:56:39 PM

Saturday, November 25, 2006 4:56:39 PM

Post# of 14027
gr8, IMPC's debt had been documented before. FYI, this is from one of the longs who visited Jim Dial and Jerry Swinford.

...He showed me a paper (contract) that said that the shell (IPMC?) was not to have more that $5000 in debt. (that's what he was told it had) It showed up with $3.8 mil, of which was eventually reduced to $1.8 million. Jerry is not interested in absorbing this.

http://ragingbull.quote.com/mboard/boards.cgi?board=GFCI&read=23382