Imperial Ginseng Products Ltd V.IGP

Done with ginseng! Sitting on pile of cash

[Tree2tree]

Nothing 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.

[Tree2tree]

Some people are starting to get it.  Those who know how to read SEDAR, because the company never issues a news release.

[ABDPhil]

Look at your message. You've been waiting 708 days for tomorrow. At the current stock price, there is no longer any interest in buying and current shareholders will wait, wait, wait, ... until tomorrow.

[Tree2tree]

Mr Phool, the more you post, the more the world can see you are a Phool. How have the share prices done since October 2021 (only a Phool would count the days) ?  Maybe you don't know how to read a stock chart, or you refuse to look at them.   IGP: $0.50 to $1.83   RBX: $0.40 to $0.27 (the company that the Phool is pathologically obsessed with)  Now down 50% since October