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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
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dehaze
search
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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
I'm as happy as a pig in BAAAABL
I listened to the entire earnings conference call where shareholders, investors and hedge funds had their chance to ask questions and get answers.
It would probably be a decent idea for anyone here to do the same thing.
$7 - $8 by next earnings call
ENOUGH SAID!
This stock is trading at or slightly below it's previous resistance levels. I don't see too much in the way of selling but whoever is selling is most likely just bored of the stock not having elevated percentage gains on a daily basis and finds that their money would be better placed elsewhere for the short term. I am not in that camp. I sincerely believe that we are in a much better financial position then we were a year ago today and considering the fact that we have in excess of $80 million in cash, 12 tankers (10 of which are running at maximum capacity generating several hundred thousand dollars per day in profits), over $400 MILLION dollars in net asset valuation with ZERO debt...
This has the words WINNER written all over it
I wonder what it's going to take to get this moving again
Everything is a scam to some - until they are long
Yes with 12 tankers, in excess of 80 million in free cash, over 400 million in net asset valuation and absolutely zero debt. We are making several hundred thousand dollars per day in profits and no creditors to pay back. No share dilution necessary due to our heavy cash position
IMPP chart is still very much intact with decent support in the $3.40 area and resistance around $3.90
One thing that is for certain is that Imperial petroleum absolutely positively needs to hire an investor relations officer that is dedicated to shareholder concerns.
Looks like it will be a ghost town in here until we break up over $4 resistance
Then things will get a bit more interesting around here
IMPP is operating at PURE PROFIT due to being DEBT FREE
12 tankers, no debt, $400,000,000 NAV, $80,000,000 cash and no need to raise more cash via stock sales = $$$$$$$$$$$
What a disappointment this stock has been
Your figures could very well be accurate. I have not really been focusing on the two dry bulk carriers that were purchased. I do realize that shareholders were upset because Imperial Petroleum was getting outside of its main scope of business but I think these dry bulk carriers will be accretive to our business operations moving forward and the spin off will undoubtedly add to shareholder value.
Nobody can argue the fact that Imperial Petroleum is extremely undervalued based upon having in excess of $80 million in cash by now, $400 million in net asset valuation (and growing), 12 tankers in inventory operating at maximum capacity/profitability
....and ZERO debt
So there will be no need to raise CA$H by way of share issuances any longer.
Every single day, IMPP makes several hundred thousand dollars in revenues with no one to pay interest to any longer
That's pretty powerful
No one knows and Harry said it's sometime in June
Da Zheng Long Ding Honey
Lawyers and accountants say it's chopstick lickin' good
We have a 64 million market cap with 70 million in cash, 0 debt, 12 tankers in our fleet with a net asset valuation in excess of $400,000,000
Institutional inflows are coming
Let's bust through this $3.96 resistance and head into the $5 range this week
Sweet
Do I hear the beating of the drum to $4 today?
ENOUGH SAID
<Line> Dazheng Long Ding lawyers and accountants say honey better than 5G
Dick-Ram Blowver
So large that it'd be embarrassing to post
Is this company even still in the business of being tik tock's replacement if tick tock gets banned?
*whistling....
I just threw up
Asset valuation in excess of $400,000,000
Cash on hand of $70 million
Zero debt
CEO called the company a "cash generating machine", due to being debt free and he also stated that there is no need for further dilution due to our cash position