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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
$4.00+ this week?
Good God
Enough Said!!!
Nearly $4 million worth of stock exchanged hands today.
And this is a relatively low volume day in comparison to that day where we traded 10.58 million shares on awesome earnings
Institutions are loading up for the mid to long haul
The IMPP chart is really shaping up nicely.
Beautiful stair-stepping pattern.
Profit taking followed by consolidation followed by small percentage moves upwards.
I personally don't know anyone that owns this at $1 pre-split
I own this in the 40 cent area pre-split
I have no concerns about this going much higher than where I own it
Enough said
Can't wait for us to cross up through that $5 level.
Net asset value of $400 million dollars
$70 million in cash
12 tankers
Zero debt
Enough Said
Is it Steve Irwin? I mean after all.. the stock is dead
Mmmmmm rice dumplings
Testing 1.2
Testing 1, 2 3...
I believe he said we receive shares in June right?
What do you mean you haven't seen any institutions buying as of yet? What was that day where 10.58 million shares traded?
Approx $220,000,000 in revenues with a market cap of approximately $57,000,000
NAV of $400,000,000
Cash of $70,000,000 and growing due to NO DEBT
ENOUGH SAID
It's good to see that some of the short-term traders made some solid coin here, but I'm holding. It makes absolutely zero sense to sell a stock in a company that has already performed the necessary dilution to service 100% of it's debt , affording it the ability to purchase a total of 12 tankers, and the profitability enabling it to have $70 million in cash reserves is simply too attractive not to hold on to
I meant to say IMPP has an NAV in excess of $400,000,000
Chart reversal of trend followed by consolidation is a beautiful thing.
Asset valuation in excess of $400,000
Cash on hand of $70 million
Zero debt
CEO stated "with zero debt, we are a cash generating machine"
I'm holding so many bags I feel like the concierge at the Ritz Carlton
The only thing breaking is this stock
Such a damn shame
Testing 1,2
Testing 1, 2, 3
Our EPS is $3.44/share
Float is around 16m shares so we have an extremely low float post RS.
Approx $220,000,000 in revenues with a market cap of approximately $57,000,000
NAV of $400,000,000
Cash of $70,000,000 and growing due to NO DEBT
I must have missed your sell post.
Not sure when that happened but even though Harry has made quite a few terrible past indiscretions that put a heavy noose around the neck of his shareholders, what he did manage to do was raise the necessary capital to service 100% of debt, line the corporate bank account with over 70 million dollars, drive the net asset value of the company in excess of $400,000,000 and build the fleet from 4 tankers to 12 in just about a year.
Volume on Monday of 10.6m shares indicated that buy side analysts and funds were satisfied with Q1 earnings that came in higher than this company's total market cap. This means that with each passing quarter, this company is going to be piling up hundreds of millions of dollars in cash so there will no longer be a need for dilution
$3.48 now
We are trading around $0.22 pre split right now.
I'm thinking each day we advance up a few percent followed by mild retracement, trending/stair stepping up to the $5 level.
Short sellers will have a decision to make @ that price point as institutions resume loading to the long side.
Net asset value over $400,000,000 (12 ships)
ZERO debt
$70,000,000 in cash
CEO stated it was the bad decision to perform the ATM around .18-.20 but it did provide the cash the company needed to service all of its debt.
CEO stated that the company is, and I quote..."a cash generating machine"
CEO stated that there will be no more dilution and the only reason for the reverse split was to remain listed on the NASDAQ
We made more revenues in q1 of this year than what our total market cap is. That was a huge surprise to even the company itself.
Moving forward, we are going to be EPS positive and the street will determine our valuation based upon these metrics.
$5 then $7 then ultimately over $10/share imo
I remain long
Yes .20 x 15 = $3.00 so IMPP is trading @ the pre split price of $0.20 right now.
Yesterday's volume of somewhere like 10.6 million shares appeared to be the turning point on the stock once stellar earnings were reported.
$70,000,000 in free cash, Net Asset Valuation of over $400,000,000 due to the 12 tankers and 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
Imperial Petroleum Inc. (IMPP) will effect a one-for-fifteen (1-15) reverse split of its Common stock. The reverse stock split will become effective on Friday, April 28, 2023. In conjunction with the reverse split, the CUSIP number will change to Y3894J187
Yes 9 posts in 2 years
Couple weeks ago