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$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
The twits are super active today on IMPP
Correct, i misspoke. According to Harry on question number one from a shareholder, the company has a net asset valuation in excess of $400,000,000 million dollars.
The company has cash in excess of $70,000,000 and has serviced 100% of it's debt ahead of an increasing interest rate environment.
Imperial petroleum has gone from a fleet of 4 vessels to 12 vessels (10 of which are tankers) in just over 1 year.
CEO openly admitted in the conference call that the timing to sell stock at the pre split 20-cent level was ill timed and as most shareholders would agree, was completely detrimental to the share price and provided a sense of mistrust and anger at management for performing dilution at such low levels.
But none of us here have a time machine. The damage has been done to the share price but now that we have zero debt, flush with $70M in cash, 12 vessels operating at maximum capacity in a global environment where the oil price increases favor our profitability moving forward as well as the CEO's statement that there will be no reason to continue with any type of dilution by way of stock issuance to raise capital - the PRESENT Imperial Petroleum is severely undervalued. That has got to be the reason why we had 10.6 million shares traded yesterday post earnings call. Unfortunately the majority of the people asking questions on the call were complete morons stumbling on their words and appearing very sheepish towards Harry (due to his very straightforward, almost narcissistic demeanor).
I may in fact add to my position on any substantial retracement or on a breakout up and through the $3.50 per share level
Imperial petroleum has experienced an INCREASE of over 17,000% in income from the same quarter of last year
Not much of a retracement off of yesterday's mega volume.
Do you traders realize that the figures we pulled in on this past quarters earnings were higher than our entire market cap?
With 70 million dollars in CASH and ZERO debt, trading just slightly above NAV, THINGS CERTAINLY ARE LOOKING UP FOR IMPERIAL PETROLEUM.
4 ships to 12 in one year and growing.
As per CEO, "no need to sell shares" "no dilution necessary"
Less than 1/10th the trade volume of yesterday
I found it interesting to believe that there isn't a single solitary employee willing to snap a single solitary photograph with their single solitary cell phone to prove that they are producing a single solitary vehicle
If one bothered to listen to the earnings call, then one would know the question referenced why insiders didn't take advantage of either purchasing shares show cheaply below NAV for themselves if they felt they were so undervalued at the time (and presently). One caller suggested some form of performance based, milestone compensation of actual common shares to Insiders. CEO stated that they would be discussing this with the board moving forward.
Harry took a lot of heat during that conference call. Several questions were concerning why the company chose to distribute so many shares in the 20 cent area. Harry confessed that it was a bad idea to do so that cheaply but said that it helped the company to raise enough Capital to pay off 100% if it's debt. In hindsight, he did admit that it was not the best timing and that it did put undue pressure on the shares - but wanted to emphasize the fact that the company is in a much much better financial position right now being debt-free with 70 million in cash on the balance sheet and trading so far below NAV.
CEO States in conference call that the company has grown from four ships to a total of 12 and that dilution is no longer necessary to raise Capital as the company has in excess of 70 million on its balance sheet and his debt free.
When a question was asked concerning why management has not been compensated in shares of common stock, CEO States that the board is talking about that presently.
EPS (earnings per share) of $2.31 was reported
$70,000,000 cash on hand
Imperial Petroleum is officially debt free
Check out the earnings presentation
https://www.imperialpetro.com/index.php/investor-relations/webcasts-and-presentations
If Harry can turn off the share printing press for a few months, I really don't see why we couldn't attain $5-$6/share and slowly uptrend.
$70M in cash
ZERO debt
Fleet of ships expanding
INSTITUTIONAL buyers - inflows of cash being put to work