IMP imperial corporation limited
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bridging loan a killer?

  1. miningnut
    11,481 Posts.
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    21/04/10
    10:34
    Post #: 6599021
    Bridging loan of $11mil+ due for payment today to Macq Bank - will it be rolled over? - probably but will Macq Bank get even more options issued to them - we already know that they pay LIBOR+7% on this bridging loan - that's over 10%pa.
    What are Management doing about this? Will they tell shareholders today?
    I'd be tempted to buy if I could get the full picture.
    IMP Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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