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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
Can you imagine what's going to happen when this see"s $5/share?
Institutions are loading up here for a reason.
I own this 2x higher than where we are presently trading.
We've added several more vessels to the fleet since my original purchase, as well as $70M in cash to buy more.
I can't imagine Harry is too happy at the valuation of the commons but perhaps this RS will do the trick to re-gain institutional ownership of the shares
It certainly is going to be interesting to see how we act when we cross up through that pivotal $5 per share level.
Say it with me...
SEVENTY muh muh muh MILLLLion dollars in ca$h
ZERO debt
Fleet is growing larger and larger
Institutions are buying shares of IMPP
SEVENTY muh muh muh MILLLLion dollars in ca$h
ZERO debt
See everyone in the $5-6 range
$70,000,000 in CA$H
ZERO debt
INSTITUTIONAL BUYING TODAY
ENOUGH SAID
Volume of 10.58M I mean
+30% on vol of 10.77 Million shares
I'd like to think the flippers are out and institutions are loading
Volume indicates this
Osama Saleemalakum
$30 million dollars in stock traded so far today
Hmmm....
$70,000,000 in ca$h
No debt
Hopefully the street picks up on this
I'm watching
This is quite disturbing
Short sellers actually BUY shares to spike the price high enough to cause profit taking from longs lucky enough to catch a good low entry and then cover buy shares from grief-stricken traders that didnt
I can't even look
1;25 RS
Thank you David Michery ,,,you piece of $hit
Oh yes
Zero interest here
There's no way in hell that we are actually having a green day?
I suppose the more weak handed traders that exit BABL sub .02/share, the easier it will be to surpass $0.06 resistance when this thing finally has news
-38%
I picked the wrong day to stop sniffing glue
-38%
I picked the wrong day to stop sniffing glue
Useless post
Hilarious
Lawyers and accountants to discuss
Don't worry, on Saturday it should base and remain pretty stable
I guess you've never heard of the wash sale rule.
Because it's a piece of shit and the CEO doesn't care?
I'm impressed with the lack of interest
This is all so hilarious
Hilarious
Whatever money Bed Bath is able to generate in its liquidation and sale efforts will go to its secured creditors and bondholders, said Eric Snyder, chairman of the bankruptcy department at the law firm Wilk Auslander. He said its shareholders, including its many retail investors who took advantage of its short-lived meme stock craze, will be "wiped out."
"There's always some speculation that someone will come in and save the company and there'll be something for equity but that was never really in the cards here," said Snyder. "At the end of the day it's just another story of another retailer whose bond holders and secured creditors are just going to take it on the chin."
https://www.msn.com/en-us/money/topstocks/bed-bath-beyond-vows-it-can-pull-off-a-sale-heres-what-that-means-for-shareholders/ar-AA1ahgCE
Yes -22.5% is awesome!
BBBY is seeking a buyer but this has nothing to do with reversing out of a bankruptcy
Embattled retail giant Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection. The company says it will implement an orderly wind down of its business and close all 475 of its remaining stores by the end of June. It added that it was seeking buyers for some or all of its assets.
Sears, K-Mart, Burdines, Sports Authority & Service Merchandise to buy BBBY
No I have not been purchasing shares of bed Bath & Beyond