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Imperial Ginseng Products Ltd V.IGP

Alternate Symbol(s):  IGPFF

Imperial Ginseng Products Ltd. is a Canada-based company. The Company’s principal business was cultivating and processing North American ginseng in Ontario and selling the dried ginseng, almost exclusively to wholesalers in China, through a distributor. The Company has ceased its ginseng operation and is in the process of considering alternative business propositions and opportunities in securing new business lines.


TSXV:IGP - Post by User

Post by Tree2treeon Oct 26, 2021 3:20pm
257 Views
Post# 34051719

Done with ginseng! Sitting on pile of cash

Done with ginseng! Sitting on pile of cashNothing much left to do except distribute the cash, possibly as a special dividend.

The annual report is out and confirms they have sold all remaining ginseng and are exiting the ginseng business.  Also confirms they received over $2 million in government aid to compensate low ginseng prices!  That gift from the government almost equals the current share price.

So now the company is worth at least $2 per share in CASH and other equally valuable assets (like land!), and almost no debt.  This will be further confirmed by the quarterly report which is due out in a few weeks.  Zero business risk, only money counting is left to be done.  IGP shares are like free money now to those who understand what is happening.
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