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Bullboard - Stock Discussion Forum 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... see more

Bullboard (TSXV:IGP)

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Comment by undervalueon Aug 31, 2023 1:27pm

RE:RE:RE:Not very public co.

Results, company will be wound up and dissolved.  Almost 100% in favor.  On Sedar yesterday. 
Comment by Tree2treeon Aug 30, 2023 3:51pm

RE:RE:Not very public co.

That's how the company has always been - they release as little information as is legally allowed (or sometimes less), and as late as is legally allowed.  But now we know they finally want ...more  
Comment by undervalueon Aug 29, 2023 10:21am

RE:Not very public co.

2 weeks later, more calls to an ancient answer machine go unreturned. Emails the same. Sedar, nothing. I would call the Securities Commission,  but, they never do anything.  Any information ...more  
Comment by ABDPhilon Aug 21, 2023 1:11pm

RE:Not very public co.

$0 was a way of speaking, of course. Nevertheless, an analysis of the cash flows, broken down by account, makes it possible to understand that the evolution of the cash in reserve can vary as much in ...more  
Post by undervalueon Aug 21, 2023 12:29pm

Not very public co.

I have called the office, no answer. left msg, no return call. Emailed their email, no response. Sedar? nothing filed since the shareholder meeting on Wed last week. They asked us for voting support ...more  
Comment by ABDPhilon Aug 21, 2023 11:37am

RE:RE:Payday approaching

With $1,600,000 in administrative expenses for the first 9 months, I find your results calculations very optimistic. With asset sales failing to meet fees and expenses, administrative costs will ...more  
Post by undervalueon Aug 16, 2023 4:54pm

Anyone know?

what the result of the vote was?
Comment by undervalueon Jul 14, 2023 4:22pm

RE:Payday approaching

Proxy out, vote is to wind up co. Last crop sales netted 4.3 million, equipment 850k, and "one large farm" to be sold. Looks like over $2.50 a share min.
Comment by Tree2treeon Jun 30, 2023 10:57am

RE:RE:Payday approaching

I am guessing they have already sold the farm, and now they are getting ready for a cash distribution.  You are going to do ok if you bought at 5o cents.
Comment by undervalueon Jun 29, 2023 1:27pm

RE:Payday approaching

Hi, I bpought a small number of shares at 50 cents a while back. Any idea where the farm to be sold is? What's the size etc?
Post by Tree2treeon Jun 12, 2023 1:33pm

Payday approaching

They have called a special meeting for August 15, but have not yet revealed the agenda.  That is typical of this company, to keep the public in the dark as long as possible.  There is a big ...more  
Post by Tree2treeon May 24, 2023 9:55am

Cash distribution coming any time

It says so in the quarterly report.  They are sitting on over $2/share in cash, plus there is one more farm to sell that will probably sell above book value, further increasing the cash.  ...more  
Post by Tree2treeon Oct 26, 2022 9:25am

Annual report is out - cash keeps building up

The net asset value is now almost $2/share, with most of that in cash.  They have already arranged a sale of a farm property, which will convert more of the book assets into cash.  Ginseng ...more  
Comment by ABDPhilon May 31, 2022 8:57pm

RE:RE:RE:RE:RE:RE:Quarterly report: on track for massive cash distribution

@Tree2tree: Have you found a new tenant for your lobster trap? Hold on, it will come.