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$4.50 today and $5 this week
The IMPP chart certainly is looking a whole hell of a lot better over the past couple of weeks. Each day we are making higher lows and higher highs. When a chart goes from the lower left to the upper right after a long time stagnating and suffering due to dilution to raise money to purchase more tankers, it certainly is refreshing.
We have no debt whatsoever.
We have no reason to perform any additional Capital raises to raise cash to fund acquisitions.
By now we have in excess of 80 million to $90 million in free cash, a net asset valuation in excess of $400 million while maintaining revenues of $300,000 per day and growing
Such a low float due to the reverse split but unlike most reverse splits, this one is actually reversing trend and heading north
I can guarantee you that when this hits $5 this week,....well
ENOUGH SAID
$4.42 now and will most likely hit the $4.50 area today and $5 area this week or early of next
We"re $0.02 away from making a new day high
And that's perfectly fine. Kudos to everybody who's making a few hundred dollars here and there on it but I sincerely think we are going to be trading 50% - 100% higher than we are presently if inclined to hold for a month or two
$4.25 she got hit with a little profit taking by scalpers
We will retest those levels and head to $4.50 and then $5 but the real volume and covering will most likely begin
Chart breakout in progress through the $4.10 level
I've never seen a stock still undervalued based upon the numbers announced in our last earnings release.
By now we must have at least $80,000,000 - $90,000,000 in cash, over $400,000,000 in net asset valuation, making in excess of $300,000 per day in revenues, zero creditors to service with interest and ZERO debt
Spinoff of C3is provides each IMPP shareholder of record to receive one share of C3is for every eight shares of IMPP
YOU CAN'T ASK FOR A BETTER SETUP TO GET IN ON THE GROUND FLOOR OF A STOCK THAT IS GOING TO INCREASE EXPONENTIALLY FROM PRESENT LEVELS
$4.50 next week
When earnings hit, this will go up $2 a share
I wasn't around for any of that. The bottom line here is that for every eight shares of IMPP you are only getting one share of c3is which contains the two dry bulk carriers that have little to nothing to do with Imperial petroleums core operations and revenue generation of $300,000 per day
Decent volume today indeed. Institutions are loading and it appears as if we have a nice firm base as this chart stair steps from the lower left to the upper right
Please read
ATHENS, Greece, June 02, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, today announced that the record date for the spin-off distribution of shares of common stock (“common shares”) of C3is Inc., the newly formed subsidiary that will act as the holding company for two of its drybulk carriers, is June 13, 2023.
Stockholders and warrantholders of the Company will receive one C3is common share for every eight shares of Imperial Petroleum’s common stock (“Imperial Petroleum common stock”) owned, or in the case of holders of Imperial Petroleum’s outstanding Warrants that they have the right to purchase pursuant to Warrants owned, at the close of business on June 13, 2023 (the “Record Date”). The distribution is expected to be made on or about June 21, 2023 (the “Distribution Date”). Fractional common shares will not be distributed. Instead, the distribution agent will aggregate fractional common shares into whole shares, sell such whole shares in the open market at prevailing rates promptly after C3is common shares commence trading on the Nasdaq Capital Market, and distribute the net cash proceeds from the sales pro rata to each holder who would otherwise have been entitled to receive fractional common shares in the distribution. Shares of Imperial Petroleum common stock will trade with due bills from the Record Date through and including the Distribution Date. Accordingly, shareholders and warrantholders of the Company as of the Record Date must continuously hold such shares of Imperial Petroleum common stock and Imperial Petroleum’s Warrants through and including the Distribution Date in order to receive shares of C3is Inc. in the spin-off.
The spin-off transaction is expected to be completed on or around June 21, 2023, and remains subject to C3is Inc.’s registration statement on Form F-1 being declared effective by the U.S. Securities and Exchange Commission and the approval of the listing of C3is Inc.’s common shares on the Nasdaq Capital Market.
$IMPP we have a market cap of nearly $66 million dollars with $80 million in cash on hand and ZERO debt
We made more money in our last quarter than our entire market cap combined
We just caught a bid that's all
I've just been waiting for complete annhilation to occur prior to averaging down on my first average down
Added MULN for the first time in months @ 0.5181
It was nice to see us breech for dollars but I didn't sell a single share. I'm holding for the hedge funds to enter. I think once we maintain above $4 per share and then head through $5 per share, you're going to see a lot of short sellers begin covering
By now the company has in excess of $90 million in cash, $400 million in net asset valuation, zero creditors to pay back, zero debt and from the last earnings report we made more money in one quarter than the entire market cap of this stock.
I've never seen something so undervalued with a share structure like this post RS
$IMPP $4 this week and then maybe we get a little bit of shorts getting interested in starting to cover
Keep in mind, this company has made more money in one quarter then it's entire market cap is worth
$3.77 seems to be the new number to beat for today
Looks like we've made a couple of attempts at a day high breakout through $3.73
These trips back down to former resistance just set the stage for a beautiful consolidation
Yes things are "cleaned up".. please read all of my previous posts
For every eight shares of IMPP stock you own, you get one share of the spin-off company which is basically two dry bulk ships that have not been on board adding revenues to the main business
OPEC oil cuts from our friends the Saudi's slaps us in the right macroeconomic conditions, oil's going to fly due to these cuts ahead of an active summer driving season.
IMPP's run rates will never be so high and profitable
Over $85,000,000 in CASH RESERVES, Over a $400,000,000 Net Asset Valuation, Netting $300,000+ dollars/day across the span of 10 vessels (*non inclusive of the 2 dry bulks), NO Creditors and ZERO Debt...no interest owed to anyone and spinoff shares 1 share for every 8 shares owned of IMPP = just a sweetener for the pot
This company is a CA$H Cow
Do you think IMPP investors give a crap about these spinned shares? Regardless of if it helps increase our shareprice, IMPP shares are going much higher due to 100% pure profit, $80-90M dollars in CA$H , $400,000,000 NAV & growing, ZERO debt, 10 vessels netting over $300,000 a DAY in profit.
Do the math people.
IMPP is a cash and revenue generating cow
Pure Energy
I think that while initially there may be a selloff on the spinned shares, intrinsic/tangible value of these 2 dry bulk carriers's business, operating in a DEBT FREE state - would cause a stable reversal on the shares as both the parent and spin-off pull in elevated revenues and profits quarter after quarter.
When you are operating a $300,000 day cash churning business with no debt to service, that money is CASH FLOW POSITIVE directly into the coffers of the IMPP acquisition fund
This one is definitely a BUY and HOLD
Looks like shareholders of Imperial Petroleum stock have to remain shareholders until June 13th in order to be eligible for the new shares which spin off on June 21st
?
dehaze
search
?
Imperial Petroleum Inc. Announces Record Date for Distribution of C3is Inc. Shares for Spin-Off of Two Drybulk Carriers
June 02, 2023 17:30 ET| Source: Imperial Petroleum Inc.Follow
ATHENS, Greece, June 02, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, today announced that the record date for the spin-off distribution of shares of common stock (“common shares”) of C3is Inc., the newly formed subsidiary that will act as the holding company for two of its drybulk carriers, is June 13, 2023.
Stockholders and warrantholders of the Company will receive one C3is common share for every eight shares of Imperial Petroleum’s common stock (“Imperial Petroleum common stock”) owned, or in the case of holders of Imperial Petroleum’s outstanding Warrants that they have the right to purchase pursuant to Warrants owned, at the close of business on June 13, 2023 (the “Record Date”). The distribution is expected to be made on or about June 21, 2023 (the “Distribution Date”). Fractional common shares will not be distributed. Instead, the distribution agent will aggregate fractional common shares into whole shares, sell such whole shares in the open market at prevailing rates promptly after C3is common shares commence trading on the Nasdaq Capital Market, and distribute the net cash proceeds from the sales pro rata to each holder who would otherwise have been entitled to receive fractional common shares in the distribution. Shares of Imperial Petroleum common stock will trade with due bills from the Record Date through and including the Distribution Date. Accordingly, shareholders and warrantholders of the Company as of the Record Date must continuously hold such shares of Imperial Petroleum common stock and Imperial Petroleum’s Warrants through and including the Distribution Date in order to receive shares of C3is Inc. in the spin-off.
The spin-off transaction is expected to be completed on or around June 21, 2023, and remains subject to C3is Inc.’s registration statement on Form F-1 being declared effective by the U.S. Securities and Exchange Commission and the approval of the listing of C3is Inc.’s common shares on the Nasdaq Capital Market.
Looks like i've been correct thusfar
Nice day today
Investors are slowly accumulating for the breach through $4
IMPP's chart retracement back down to previous levels of resistance around $3.50 looks really good right now
All we need to do is build support back at the $3.50 area and blow through $4 to get everyone's attention
You do realize that whatever market maker you are using to sell at 12 cents is also listed on level 2 at far lower prices. No one will be able to see your order or an accurate representation of your particular market maker representing your order at 12 cents at this time.
Hopefully we get off the expert market as soon as they update all of their filings
Really? I wonder why.
Good luck today traders
That's the plan
I think most of these traders have exited prematurely, at a loss.
Hopefully they will all pile in at the same time and we will have a volume/price explosion
Looks like they are serious about setting the stage to get this thing moving again
Up another 8.7% and not a peep
AEI +28% yesterday and not a peep from anyone