IMP imperial corporation limited

.06 going going gone, page-7

  1. 974 Posts.
    yes i agree with the sceptisism concerning the posibility of imp having to sell its bmx shares in order to have cash for something else but not in the near term i dont think,and the reasons as to why i think that are as follows a) Bruce Mc leod is a directot at both bmx and imp and he knows what their holding in bmx will be woth come december -january . b) mr Mc leod has millions of shares both in bmx and imp.c) worst case senario for the short term is imp to sell 10 mill of bmx shares to an insto at 32 cents and be debt free with a 34 mill holding carried (i doubt they would do that) d) a takeover for imp at at least 1 cent would net someone a 44 mill stake in bmx and a listed company (imp) for free as well as a paper profit for the bmx shares.
 
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Currently unlisted public company.

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