GREY:WFEMF - Post by User
Post by
monti80on Jan 31, 2014 5:34am
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Post# 22156800
IMC
IMCI guess IMC will not give any further money to wof. Wof has now the millions they need for the work programm. This will take another year. So the most logical action of imc is that they give wof another year to pay back the 10 millions, or imc is taking the 25 percent stake of the company, paying just the rest of the 35 million dollars what was arranged two years ago. I dont think they are driving this stock to death with wanting back the ten millions in february. The best what could happen is the first thing, paying the rest of the 35 million, take the 25 percent interest, closing the deal as arranged two years ago. My opinion. But honestly i dont think that will happen, i do think that imc, in real is not very happy about the actions of dundee, filling the company with their own people. if imc is investing further, they want also more control, but this will not end up in a bidding, this could end up very disgousting for the shareholders by driving this to death. lets see. things does not look that good how it seems in my oöinion. cheers