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You see what Harry did? Took the money for Brenna and bought 2 ships with it. Hope Revs are better than before trade. As for the share buy back? Who knows? He should be mashing massive market buys right now. You go Harry! $IMPP
This isn't even trading at the current EPS of $5.99...can you say way undervalued?
Not smart to short this with it being so undervalued here
IMPP sucks as an Investment.
Everyone st.ay a.
way, IMPP sucks as investment Harry running it into the ground. Sorry about your loss Silver. Your a good PE
Person and will make it up in the long run. Harry running it into the ground...
took a 50k loss...great investment :(
damn crook that harry pos.....
I hope you don't own any of this POS
1.30 wtfffffffffffffffffffffffffffff
harry you freaking CROOK
*****Looks like IMPP could be heading back under a buck meaning another REVERSE SPLIT !!!
Glad I pocketed da divy money and was not stupid enough enough to buy more of this scam / rip off company
OUCH JUST OUCH
ENOUGH SAID
That’s because you don’t do proper DD.
I’m the only one on the Ranch board who has posted proof, unlike all of those other propaganda pushers who’ve never posted a trade or holdings.
Proper DD goes a long way. Try it.
I havent seen you post a successful REAL TIME trade - - ever
I cant wait to see you lose your entire ass here
HAHAHAHAHAHAHAHA
is cheaper to buy Imperial in the market than to convert the preferred shares.
*****Looks like IMPP could be heading back under a buck meaning another REVERSE SPLIT !!!
Glad I pocketed da divy money and was not stupid enough enough to buy more of this scam / rip off company
OUCH JUST OUCH
ENOUGH SAID
Yes in fact I did but more IMPP when I sold all of my free CISS shares over $4/share
And?
How does all that look now?
"No need for a capital raise"
Well, ya got one. A really deeply discounted one, lol.
Then you said you bought more of the GIMPP.
What do you think happened with IMPP?
*****Looks like IMPP could be heading back under a buck meaning another REVERSE SPLIT !!!
Glad I pocketed da divy money and was not stupid enough enough to buy more of this scam / rip off company
OUCH JUST OUCH
ENOUGH SAID
ya they issued so many shares last time that earnings couldnt keep up. then earnings come out and weak because of extra shares. THEN THEY DO IT AGAIN. ISSUE MORE SHARES WHEN THEY HAVE OVER $8 CASH. GLAD SOLD OVER 1.50 AGO.
till the next offering...harry is a CROOK
$IMPP share price should start going up starting tomorrow.
The Offering is expected to close on August 15, 2023, subject to the satisfaction of customary closing conditions. The aggregate gross proceeds to the Company from the Offering, before placement agent fees and estimated expenses payable by the Company, will be $17.0 million
Never trust a Greek shipping stock. Or anything Athens listed for that matter.
wowwwwww 1.40s from 4 bux again? what a lying greedy POS harry is
*****I remember hearing bullshit false narrative CEO was done diluting IMPP ?
#WHOOPS
#LMFAO
#ENOUGH SAID
Boy, didn't see that coming......
Skank alert
they came out with weaker earnings then issued more shares again. 2nd time in two months.
did u listen to cc??? it was all gargled. i couldnt understand word. glad sold all around 3$.
A huge POS. A huge POS. A huge POS. A huge POS.
I will not sell at such a price, the share price has reached close to the minimum of the conversion price and Harry wants to convert the preferred shares at the closest price to a dollar and a half. After the conversion he will have ordinary shares and then the dividends will start, buy backs u and the share price will fly up.
BTW, there were many investors who thought that the conversion was already based on the price of $2.73, but there was no conversion! Harry wants the minimum price for the conversion, which means $1.50 and what happened yesterday is because it suits him that the stock goes down until the conversion.
I know you are but what am I I know you are but what am I I know you are but what am I I know you are but what am I?
It auto corrected. Should say smelling.
That punk ass bitch trolls me on another board, calling me all kinds of things, but she’s the etiquette police with you?
Yeah, smiling is what others do when her trades go sideways.
Karma.
Damn dude. What happened here?
I'm always smiling.
By the way, the institutional shareholders who are supposedly buying the offering are the same group who are currently shorting against the box here and profited on the drop.
As I mentioned the last time the CEO pulled this crap, why would a company that supposedly has $100 million in cash and 0 debt, need to raise another $34 million in cash?
Because the stock is just currency to him.Common shareholders mean nothing. It’s DRYS 3.0 .
Don’t believe the cash numbers or the debt numbers. There are so much intercompany transactions between the CEO has his public companies that I believe most of the money is winding up in his hands to do whatever he wants with it, to his benefit only.
Also love the stockholders here who buy right before earnings, then claim they got out “just in the nick of time” before the drop. They aren’t fooling anyone except themselves imo.
could anybody understand what they said on the cc?? what a shit play this co is now. im selling what i have left soon
i sold over $5 a share. we sure got slammed here.
glad i sold most of my shares yesterday. reason y profit was so down as he issued shares and now does it again.
But but but they're making tons of money !!!
Lololol
The GIMPP looks wonderful today.
Nicely done Smilin.
Professional sheep shearing.
OMG! He did it. Another offering. Glad I'm out of this.
Imperial Petroleum Inc. Announces Pricing of Approximately $17.0 Million Registered Direct Offering
https://finance.yahoo.com/quote/IMPP?p=IMPP
*****My hero ! then you put it back into IMPP and lost more money
The market term is averaging down
ENOUGH SAID
CISS I sold over $4 per share.
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ABOUT IMPERIAL PETROLEUM INC.
Our Business Strategy
Our business strategy is focused on providing consistent stockholder returns by timing and structuring acquisitions of vessels and by reliably, safely and efficiently operating our vessels. We continuously evaluate purchase and sale opportunities, as well as employment opportunities for our vessels. Key elements of the above strategy are:
• | Renew and Expand our Fleet. We expect to grow our fleet in a disciplined manner through timely and selective acquisitions of quality vessels. We perform in-depth technical and condition assessment review of each potential acquisition and only purchase vessels as market opportunities present themselves. We focus on purchasing secondhand vessels, newbuildings or newbuilding resales based on the evaluation of each investment option at the time it is made. |
• | Optimize Charter Mix. In the current product tanker and crude oil tanker charter market, we are mainly focusing on short to medium term charters, including time and bareboat charters, of one or two years. As the charter market changes and we grow our fleet, we may continue to adjust our chartering strategy to include longer duration term charters or a higher percentage of spot market charters. We seek to |
ATHENS, Greece, May 27, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (NASDAQ:IMPP) (the "Company") announced today that it has entered into an agreement to acquire two suezmax tankers, built at Hyundai Samho in 2007 and at Samsung Heavy Industries in 2008, with an aggregate capacity of approximately 320,000 dwt, from an unaffiliated third party for an aggregate purchase price of $46.8 million, with delivery expected by mid- June 2022. The Company expects to finance the purchase price with cash-on-hand and new senior secured bank debt. This transaction is indicative of the Company's substantial financial resources to consummate new vessel acquisitions due to its high level of available cash raised from its recently completed public offerings. This agreement is consistent with the company's plan to continue its fleet expansion.
ABOUT IMPERIAL PETROLEUM INC.
Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services. The Company owns four M.R. product tankers and one Aframax oil tanker with a total capacity of 305,804 deadweight tons (dwt) and has agreed to acquire one additional product tanker and two suezmax tankers with expected delivery by mid-June 2022. Following these deliveries Imperial Petroleum will own a total of eight tankers with an aggregate capacity of approximately 682,000 dwt. Imperial Petroleum Inc.'s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols "IMPP" and "IMPPP", respectively.
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charter our vessels to high quality charterers as we have done in the past such as national and independent oil companies, energy traders and industrial companies. |
• | Operate a High Quality Fleet. Our primary focus is the operation of medium and large-sized product tankers and crude oil tankers, and as we grow our fleet in the future potentially add vessels in other seaborne transportation sectors that we assess as exhibiting favorable market conditions. We believe that owning a high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable charters. We limit our acquisition of vessels to those that meet rigorous industry standards and that are capable of meeting the stringent certification requirements of major oil companies. We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel. |
• | Maintain Financial Flexibility. We intend to use bank debt to partially fund our further vessel acquisitions and which we hope will increase financial returns for our stockholders. We intend to manage our balance sheet to maintain an adequate level of liquidity and actively assess the level and maturity profile of debt we incur in light of the level of cash flow generated from our chartering strategy and our efficient operating cost structure. We have moderate leverage which we believe will well position us to obtain additional financing and grow our fleet by pursuing selective acquisitions. |
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