GREY:MYMMF - Post by User
Comment by
WeeblesWobbleon May 07, 2021 4:28pm
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Post# 33154715
RE:RE:RE:IMCC - The Real Story
RE:RE:RE:IMCC - The Real StoryIMCC only had approx. $8.8 million in cash at Dec.31. IMCC's operating LOSS for 2020 was $8.2 million. Those numbers are quite similar to MYM's, just larger in scale.
IMO, IMCC needs to close the public offering or is in operational danger/peril. Problem is who will pay $5.75 USD when the share price closed at $4.98 USD today. Buyers would be under water from the get go. Unless buyers believe the current price spiral is temporary. I'd like to see the crystal ball they're using.