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I've had "it" on ignore for quite some time. The boards are so much better without seeing those posts
About as useless as tits on a crocodile
It's pretty incredible we are still trading in the low single digits
Excellent back n forth discussion today@ the other place
Exactly....too bad there's no real discussion about this and zero institutional interest
Does this stock trade?
Retracements down to the sub $4 level really test the patience of most - especially on low volume.
Guess Harry Vafias doesn't consider $IMPP's share price low enough to perform share buy-backs.
One would think that a man with his such elevated level of narcissism would want to boast about the performance of the underlying stock of Imperial Petroleum, surpassing the $5 level in heading into double digits
Quite perplexing to say the least
I concur. All new CEO Kevin Lamb has to do is tweet out "as CEO of this company, I have absolutely no intentions to perform a reverse stock split. We plan to grow the company organically and our positive results will be reflected in an increased share price for both legacy and new shareholders"
How hard is that Ballas?, I mean...Lamb
Watching both $CISS and $IMPP move up over their resistance areas, is the equivalent of watching an oil painting dry underwater
With what money? Do you realize how much these guys are paying themselves?
Frankly that video was a waste of bandwidth on X
Kevin needs to perform a share buyback AND issue his own statement as the new CEO, that a RS is not going to happen.
Why isn't he doing that?
I have to say, the chart is certainly shaping up for a breakout through the $4.50 resistance area
Imperial Petroleum, with nearly $190,000,000 in cash and a NAV north of $15 a share, it's just stupidly undervalued here. Clearly institutions must have this on their radar screen.
Volume increase will tell the tale..
The original email indicating 60-90 days was from August 8th so the soonest updates could come would be approximately within the first week of October
I have never, nor will I ever receive a response from Imperial Petroleum. They don't even have a dedicated investor relations representative.
$190,000,000 in cash on hand, no debt - and they can't pay somebody $20 an hour to field shareholder concerns.
What about analyst coverage?
Why wouldn't Harry Vafias want a larger institutional ownership of the stock?
If it isn't CEO Ballas's .0001 sell orders than it's simply the sell orders of traders that want to get out at break even.
I've submitted emails to the company for them to issue a statement that a reverse stock split is not going to happen under CEO Kevin Lamb's tenure but clearly they aren't willing to issue a tweet about it
Sad really....
All we can do is "wait" the 60-90 days for the strategic updates
Whatever his name is... He needs to be gone.
As in "gone gone" and new CEO Kevin Lamb needs to issue a statement denying a RS
Feel free to inquire with your questions
Investor Relations UBQU
ir@ubiquitechsoftwarecorp.com
Even though I think the IR person continues to be former CEO Jeffrey Ballas
$4.59 is still that number to beat in order to catalyze $IMPP short sellers into beginning to cover. No word back from management on my request about analyst coverage
8-9 months of only two people posting here....
Let's see if that changes once we get on the radar of traders that trade breakouts
Looks like we may breach true resistance this week.
It should be interesting to see how the stock reacts if we get through $5.00 as short sellers will more likely than not begin covering there. We could have a fairly decent run on volume.
Again, this would be a completely different ball game if we actually had analyst coverage/upgrades
genius
"in the weeks ahead" = 60-90 days
$4.46 x $4.50 in ah
I'm going to try to reach out to the company to find out the reason why there aren't any analysts that cover this security
Imperial Petroleum: Good Quarter, Pristine Balance Sheet, Discounted Valuation - Buy
Aug. 27, 2024 9:05 PM ET
Summary
On Tuesday, Imperial Petroleum reported decent Q2/2024 results with stable fleet utilization and consistent cash generation.
The company ended the quarter with $129.8 million in cash and liquid investments. Imperial Petroleum continues to have no debt.
Assuming full exercise of the company's remaining Class E Warrants, diluted net asset value per share calculates to $12.45.
At current share prices, Imperial Petroleum is trading at a 35% discount to its stated cash balances, with market participants not assigning any value to the company's fleet.
Yes I remember Mike. He told me that my stress or tension level was an 8 out of 10 or something like that.
Apparently he hasn't been around long enough to witness the destruction that Ballas has done to the share structure and his shareholders...and something tells me that he is one of the "silent" few that knows Kevin Lamb is most likely going to RS the shares , completely annihilating legacy shareholders and their faith in the "new" company
Remember the days where a stock would actually catch an upgrade on earnings such as this? Does $IMPP even have analyst coverage?
Back in the day, an earnings release like this would have catapulted any stock up a MINIMUM of 30%.
We have around $5.50 worth of cash on the balance sheet yet this shit bag stock can't even trade at that level.
And don't even get me started on what the new NAV is in relationship to our cash on hand and zero debt.
This one defies all logic
Aaaaand....nothing
16m share float and depending on your source, short interest as a general consensus is around 17%
Most here need the $6-$7 range to be at breakeven
Short interest doesnt really mean much when you have a CEO that doesn't respect the interests and concerns of shareholders.
I sure wish they would bring back the days of "Q & A" at the end of earnings conference calls - but honestly Harry despises addressing shareholders
Does anybody here have a Twitter account where they can direct Kevin Lamb to this forum?
Your stance mirrors mine 100% and any "tool" questioning our intentions on why we are questioning the "new" CEO, needs to understand that we are on top of the bullshit that's going on.
Kevin Lamb can easily tweet "As stated in a previous tweet by former CEO Jeff Ballas, our intentions moving forward are to remove the possibility of a RS. There will not be one"
How hard is that? Kevin? Are you listening?
I was simply reposting the very first email response I received from them, just to let others hear know what their response was.
That email was dated August 8th.
The following email below was dated August 16th
Hello *******
As has been stated there will be news and announcements on all pertinent items and changes as we proceed. We cannot put out news on company activities until these items have been fully vetted and decided within the company structure. We ask that you, and all shareholders, continue to be patient as we create a positive path forward under all new management.
Thank you,
Investor Relations
Ubiquitech Software Corporation
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