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Non-Tech : Imperial Sugar (IPSU)
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To: Patentlawmeister who wrote (30)12/10/2002 5:57:18 AM
From: Crossy  Read Replies (1) of 121
 
Imperial Sugar (IPSU.OB) filed yet another Form-4 (Insider Transaction) filed with SEC Edgar (www.sec.gov). This time Darrel Swank acquired 20k shares for $1.35. Couldn't yet decipher whether he bought on the open market or converted options.. The entry was filed with the SEC Dec 9th..

best rgrds
CROSSY

BTW: think you were right that I was too shy about IPSU's potential. Me thinks the upcoming 10K will provide clues whether we got a $10 stock in front of us..

I would suggest to look for :

1) how much above or below the book value both transactions (sale of Wyoming/Montana milling plants) and the DCB sale took place

2) The retroeffective impact of a timely (this calendar year) repayment of the longterm debt. According to bank agreement, the principal was raised in exchange for covenants waived but IPSU would receive a reverse payment if they succeeded in paying back the term loan timely.

3) Write-offs resulting from closure of IPSU's Texas Plant

4) Current book value and additional narrative details..
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