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Have we hit sub-penny status yet? I guess that is next. What a total bomb this stock was.
After 3 years of waiting for this company to do SOMETHING, i am pretty much facing reality at this point....that it seems to be doing NOTHING. Fracking is becoming a hot button issue, with it becoming apparent that it is an environmental risk. I think at this point, i am going to put in a limit order, and if we can even get a little bit of a bump in price, maybe i can unload some shares. Feel free to buy them up, as my interest in this company is pretty much ZERO at this point.
It's been fun hanging out with you all and dreaming about the day when Imperial is a real company, but i just woke up.
Peace.
well, i could walk away too a loser....but i want to win this game. i don't lose money on too many stocks, and after showing alot of promise, it has gone nowhere, and that has me irritated as well.
Around the January timeframe, i got an email response from Rob. He was working on bank financing then, too. It seems he is doing alot of work, but without much to show for it....and worse yet, not even any information to keep investors informed and the stock price floating nicely along. You know it's bad when your stock goes from .038 to .04 and you get excited cause it means you're only $10,000 in the hole instead of $10,100 in the hole. LOL
For 2-1/2 years, i have been optimistic about IPRC. Running out of optimism. News reports came every 2-3 weeks when they where working on the SWDF, and once it opened, they continued for a while. But, since May....nothing. I can stand fast with a company that looks like they are working to improve and communicate with their shareholders, but NOTHING is not acceptable.
Personally, i am not too impressed with the statement that funds are not available to do a filing. Filing financial statements is not optional, it's a responsibility. If they disposed of 87,000+ barrels of water in July, that amounts to $65K+ in one month at a modest .75 cents per barrel and should be enough to pay a darned acountant to file the reports. Also, i would like to know more about the debt situation, and whether that revenue is being used to pay off loans. In addition, i got an email from Rob about 8 months ago saying that he was working on financing to expand the business, yet we have had ZERO information on any type of expansion or financing, and i think we are entitled as shareholders to know why nothing has been done.
Sorry, just venting a little. Let me know if i am way off base here......
Just trying to keep it light. We are all anxious to see what this stock can do, as many of us have been buying and holding for a long time. :)
In the meantime....<crickets>
Regulations permit Fracking water to be reused ONE time...after that, it must be disposed of.
I'm here....2+ year IPRC stockholder...just waiting like everyone else....not much else to say as information has been very slow to come out this calendar year. i hope that means that they are just swamped with business and that $$ are rolling in like sale ads at Christmastime. :)
The last time i got an email from Mr Durbin, he said that they were looking at options to finance the development of their main oil props on a "almost daily" basis, while making sure that any deal doesn't dilute shareholder value "to an unacceptable degree". I think that long-term, he is watching out for us, and that is good enough for me at this time. i am still buying, and holding.
Stay tuned for more verses. LOL
They should be publishing a Q1 any day now.
I wrote a song about IPRC stock, to the tune of "Ring of Fire" by J. Cash. Here is a little snippet from the song:
It fell into a burning ring of fire
It went down, down, down, and the flames went higher
And it burns, burns, burns, IPRC stock, IPRC
Have a nice morning, ya'll!
First Quarter is over. How long till we can expect a Report?
I have held IPRC since the spring of 2011, so about 2 yrs. i have bought multiple lots, and currently hold 80K shares, with an average cost of .22 cents. I have never seen it this low, but then again, several of the specualative stocks i have been watching/buying/selling have done very poorly these past months.
I am holding IPRC because i believe that it is a well run company with a good business model; because i am in very deep and am WAY down on the share price; and because I bought this stock to "swing for the fences" in my portfolio. i have mutuals, bonds, etc., in my 401K.....but this stock has the potential to put me over the top in my retirement account, and i still belive it can do that. All I need is $1/share and i will call this stock a 'Homerun'.
Let's all play nice here, can we? This isn't Yahoo, after all....:)
@nervous 1:
I have been a shareholder for about 2 years now. I have also put several of my friends and family members onto this stock. While it has taken quite a tumble recently, so have all my other commodities stocks, so i am confident that one day soon they will all begin to rise again.
I think, and this is just my opinion, that IPRC is being computer traded by automated programs. The program buys xxx amount shares, which drives the price up .5 cents or so, then sells the shares a short while later, which drives the prices back down. you can see the range fluctuations very consistently day-in and day-out if you watch it.
I classify IPRC as an investment, not a trade, right now. If you buy it, plan to hold it for a good while.
Best,
Alwagbass
On Yahoo finance, we didn't get any updated information. What's up with that?
Sounds good to me, Stargazer. I am ready for the PPS to get out of the toilet. :)
You are welcome!
I will share whatever i have with you guys. Mr. Durbin doesn't reply often, and keeps his cards close to his vest, but he says what he can. One of the things he mentioned was, "they are pursuing financing that doesn't dilute shareholder value to an unacceptable level". I take that to mean that he doesn't want to enter into any financing agreements that swap too many shares in the company for working capital, which would dilute the PPS.
@Jett and Bryan:
I exchanged emails with Mr. Durbin last week, and he has been purposely keeping his cards close to the vest lately. He said that they are "pursuing financing for the Oklahoma project on a daily basis, but releasing too much information can be damaging to investors", so that explains the sparcity of news releases.
I personally feel that the company once again has their feet on solid ground now that the SWDF is open, and they are moving forward with their plans. I also feel that patience is key when investing in a fledgling company like this, and so far i have stayed invested and have faith that they will be successful in the long term.
I agree completely, Stargazer. The SWDF operation seems to be off to a solid start, and it is on the way to being the "cash cow" that some people have called it.
As far as the stock price is concerned, i would think that we need to see some postive numbers on the quarterly reports to really affect the PPS. IPRC was in a very dark place after the exposion claimed their most viable business asset, and the market hasn't noticed yet that the sun is shining again on this company....A good quarterly report, showing a nice uptick in revenue, would assure the market that the dark days are over....
As much as i love to speculate, i like to see numbers even more. The next quarterly report may shed a little more light on performance.
I sent an email thanking Mr. Durbin for the update, and asked him if there was anything else going on in the company. He did reply, and explained that although capital markets are tough, he wants to pursue OK project without diluting shareholder value; they are looking for options. I thanked him again for the updates.
Thought you might like to know.
Update out this morning. I claim no credit for getting new information posted. I will, however, send him an email and thank him for the effort. They say you will catch more flies with honey than with vinegar....:)
I sent Mr. Durbin an email earlier this week asking for a news release on progress of the company, and politely explained that investors take an interest in the companies that they own stock in, and that the lack of news is unsettling. No response, and no action, as usual.
It looks like we have a little positive price movement since yesterday. Let's hope it keeps climbing. :)
I have other small oil company stocks, and they are down as well. Not to worry, if they don't go bust, the stock should rebound. Any solid news comes out, and it should rebound handsomely. :)
Hello Lairdy! Welcome to our message board...:) We have a pretty good group here, with lots of people doing research and sharing news about Imperial that others don't have time to look up. I think we are all doing a good job of supporting one another with the recent loss of value in their stock, and it's nice to have you aboard with a positive attitude! I am also bullish on this company, and have a sizeable portion of my trading portfolio on this one stock, so i believe like you do that good things are in store for Imperial as long as they stick to the game plan.
One of the things that never gets mentioned here is that larger oil companies often "absorb" smaller oil companies. Imperial is now a much more attractive company since the opening of it's SWDF: they can now drill their own wells and dispose of their own salt water, plus the lease they have in the Sooner Trend is valuable. If i were a larger company looking to expand, i would want to find a company like Imperial that has these kinds of assets already in place....:) Just sayin'....
Once again, it's nice to have you here. Happy investing!
Thanks Stargazer! It will be interesting to see if they (He) replies or complies with our request.
December is a time for the pros to pad their portfolio with profits, so they sell to maximize their year-end bonus. The stock market is almost always down in December....but even more so this year with the fiscal cliff crisis. January is usually the start of a good rally that can last till the kids get out of school. Let's hope this coming year follows the trend.
I have gotten a reply from Mr. Durbin only once, as well. He is cordial, but plays it pretty close to the vest, and when you ask for information that is not available publicly, he just doesn't answer you. I've tried. LOL
On a general note, i have been looking at the oil sector as a whole, and it seems like most of the small oil companies' stocks that I follow are down. It's making my portfolio look pretty humble right now, but i am guessing that once the latest White House drama is put to bed, the stock market as a whole will pick up, and perhaps oil stocks will follow suit. In the meantime, grab a few more shares while they are cheap. Buy low and sell high, right? right????
Companies also have restrictions on what they can and cannot say in press releases. They will not come out and say "we are making XX amount of dollars per week" or, "we are servicing XX amount of trucks per day, at this rate", since it would probably violate some SEC rule. We buy, we hold, we wait. LOL
Well, if I remember correctly, someone here did the math on the income and loan repayment issue, and we figured that they could repay the loan in as little as 5 months, based on how fast they grow their revenue from disposal operations. I have put several friends and family members into this stock, and i have been telling them "one to three years" to see the stock price hit $1.00 and beyond. I believe it's an investment opportunity, and not a trading opportunity, so i have put about 10% of my total portfolio on this stock, and Simba Energy stock. Between the two companies, I think I should do well in the next 1-3 years. I guess time will tell if I am correct, but I'm in it for the long haul. :)
It is my opinion (and it's just an opinion), that Penny Stocks move up or down on news. Good news=UP, Bad news=DOWN. And in this world of sound bites and instant gratification, No news=DOWN. So, the stock moves down when there are no news reports, and Imperial isn't the type of company to report on non-sense news. They put out a report when there is something to talk about.
I believe they are building a solid company, with assets that include a producing well, other wells in the development phase, a drilling company (Big Dig, Inc), and the SWDF, which will be like their own personal bank that will provide capital to develop their Oklahoma property, which is the big prize.
Also, the bank (SWDF) is just getting started. Business will build slowly, and become more consistent with time, so don't expect an Earth-trembling financial report next quarter that will send the shares sky-rocketing. Instead, we should probably watch for the signs of steady revenue growth, and the stock will grow in time based on fundamentals such as P/E and debt ratio.
These are a few of the reasons I like IPRC stock:
1. Not a flash-in-the-pan penny stock company that increases stock value on smoke and mirrors. They are building something here.
2. If things work out, they should grow steadily, and maybe eventually make the move to a major stock exchange or get bought out by a major oil company.
3. Right now, the shares are affordable. You can buy a truckload for not much money.
Good luck everyone!
I have been following IPRC for almost two years on Yahoo msg boards, and i finally got fed up with the negativity. It seems that folks here at this forum are more serious investors, and that's why I joined you here. I am looking forward to IPRC becoming a major component of my retirement plans, as I am in this stock for the long haul as long as they stick to their business model and keep their debt low.
A