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Looking like a decent start to a run here
Up nearly 19% today and not a single post?
Not that I am aware of. I used to be able to with a firm called AB Watley but I think they have long since gone away with the dinosaur
Volume is increasing nicely
Institutions are adding to positions
Are we actually having a green day?
I made $9,000 free dollars on CISS
IMPP IS FAR FROM GARBAGE
Why mention pre-split prices? That has nothing to do with anything.
IMPP is trading at $3.30 with easily $100+ million in cash, zero debt, zero creditors, in excess of $400M net asset valuation and no need to perform any type of capital raise
IMPP steady as she goes.
CISS is an awesome intraday block scalper
Who cares about the time frame being exact on a stock price per share?
I banked hard on CISS and sold at the perfect time, took that $9,000 and have been loading IMPP at these basement bargain prices
See you all over $5-$8/share
Looks like da price of IMPP is +7% on the session
And guess what?
I took that $9,000 FREE money and bought more IMPP at bargain basement prices
Harry stated in the last conference call that those two ships were not accretive to last quarters earnings so we didn't actually lose anything.
That's one of the main reasons why I sold CISS over $4/share as soon as my free shares cleared Ameritrade
Pretty decent volume today for a Friday and the usual day trader mentality of exiting positions ahead of the weekend hit towards the latter part of the session.
Can't blame anyone from taking profits if you are block trading this stock.
These little 5-10% pops can certainly add up to substantial gains if your timing is on point.
I'm in IMPP for the juicy trip over $7-$10
Selling our FREE shares of CISS over $4/sh certainly was the right decision considering how low this offering was.
$1.05/share? Yikes
Looking quite nice for IMPP on a late Friday session +9%
IMPP +6% so far today
CISS -10% so far today
100% false and misleading
Not too many shareholders believe this apparently
100% completely wrong
I banked off of selling CISS over $4/share
IMPP +1% on the session
CISS - 21.3% on the session
It certainly was a good idea to SELL the "free" shares of CISS over $4/share to lock in those free gains.
And I don't want to hear any nonsense about CISS shares weren't "free" as they were spin-off shares that took part of the company away from Imperial Petroleum.
Yea... To dry bulk carriers that were not accretive towards last quarters revenue stream which were more than the entire market cap of IMPP
AND THAT IS THE VERY REASON WHY I SOLD CISS AND PUT THE PROCEEDS BACK INTO IMPP
IMPP will move up when they post earnings.
Right now, it's selling off here and there due to impatient traders
These -3% or -1% days really make the worst come out in people
CISS filed a shelf offering yesterday which obviously is affecting shares of IMPP
CISS -29% out of the gate this morning.
Lost 60% in 1 session and 15 minutes
I feel bad for those who simply held on to their free shares
Short sellers haven't banked huge off of this spinoff
Lol
Not at all actually
Yes but I heard on the number of supermax tankers. It's only 10 supermax tankers, not 12.
Imperial Petroleum pawned off their two dry bulk carriers to c3is (CISS), as according to our CEO, they were not accretive to our earnings.
So I guess my point when stating that the spin-off shares were "free money" , they really were
IMPP -3% today
CISS -30% today
Like I stated last week, it was a wise decision to sell CISS shares over $4/sh and rotate the immediate profits directly into IMPP, as IMPP is the $300,000/day revenue generating business with zero creditors, zero debt, a fleet of 12 super max tankers and by now we must have in excess of $100,000,000 - $120,000,000 in free operational cash to be utilized for maintenance of said carriers as well as acquisitions of new carriers to expand the fleet
CISS (IMPP's spinoff shares) are -28% on the session as I type this.
CISS $1.88/sh
I sold my shares in the $4''s last week and stated that these spin-off shares should be considered free cash to IMPP shareholders.
Someone tried to correct me stating that the Spin-off shares we're not to be considered "free cash" as they were part of IMPP's revenue stream and therefore should be valued as part of IMPP.
BUT THERE'S NO REAL WAY TO DO THAT.
So...I sold them...and in doing so at the time I did, I saved myself an additional 55% haircut on the gains.
If anything, it will be the CISS spinoff shares that this CEO uses as his new dilution machine.
IMPP never wanted to get into the dry bulk shipping business and that is why they pawned these two vessels off into C3is, as they were never really accretive to Imperial Petroleum's earnings.
We also need to keep in mind that in last quarter's earnings alone, in just one single quarterly earnings, they surpassed our entire market cap. I believe this stock Will blast off when our next quarterly earnings are announced and everyone sees our cash position increase into the $150,000,000 or so range
In my opinion
As it should.
That's precisely where the money should go.
When you are generating $300,000 in revenues on a daily basis and have zero debt, you build up an immense amount of free-flowing cash rather quickly
And although it would be nice to see insider purchases of stock off the open market or share BuyBacks being performed, all we have are this CEOs words stating that this will be brought up in front of the board.
I don't actually see that happening but if and when it does, it will definitely boost the morale of shareholders who have otherwise had very negative experiences with this CEOs actions in the past
Management is busy making an excess of $300,000 in revenues per day with zero debt. What company do you know that pulled in that type of loot trading at such a low multiple. Hell, last quarter we pulled in more money than our entire market cap is worth
IMPP -13%
CISS -29%
I'd much rather be an IMPP shareholder using fat profits from the sale of CISS shares, than a CISS holder with only 2 dry bulk carriers in it's portfolio versus 10 super max carriers with NAV over $400m, zero debt, zero creditors and $80,000,000 - $100,000,000 in Ca$h in the bank
Why would it be odd?
1.63 Million shares of CISS traded today.
Most every shareholder of IMPP has received their 1:8 ratio'd shares of CISS days ago.
There was someone that's sold their shares at $4.08
That somebody had to have been an IMPP shareholder all along
Lol
Imperial Petroleum will retain an interest in C3is through its ownership of series A convertible preferred stock of C3is, which wasn't distributed by Imperial Petroleum in the spinoff.
It's low based upon all metrics
Added IMPP $3.38
Glad I took nice profits on CISS yesterday, after hrs and again today prior to it submarining
DRYS has never been an eps+, debt free , revenue generating profitable company
Correct... And precisely the reason why I sold yesterday and today.
IMPP is the much better play considering 10 supermax vessels that profit $300,000 per day, zero debt, 0 creditors and a net asset valuation in excess of 400 million samolian$$$
100% false