Imperial Petroleum Inc (IMPP)

[Tyrus603]

Next quarterly report due sometime between Oct. 10 to Oct 20, according to the market chameleon website.

So yeah getting close, five trading days. Midweek next week could get interesting. Low .30s likely to be looking woulda coulda shoulda by then.

Meanwhile other oil shipping companiesike TOPS reporting that due to the currently highly favorable world oil shipping sector conditions they're raking $$$ in.

And in IMPP's last quarterly on July 27 they pointed out positive net income, 0$ loss per share and increasing revenues.

Plus, this is a biggie to me the 7/27 Q stated:
"As of June 30, 2022, cash and cash equivalents amounted to $79.1 million and total debt, net of deferred finance charges, amounted to $25.5 million. During the six months ended June 30, 2022 debt repayments amounted to $2.4 million."

Which means $80 million cash minus $25 million debt, or $55M divided by IMPPs 190M outstanding shares, means at 30 cents a share that is pure cash value not even counting the value of the tankers they own and the $80 million to over $100 million in annual revenue theyre in the middle of doing.

This is NOT a penny stock, so why can you steal it right now in the low .30s?

Because of the sheep mentality coupled with that fact the OTC market has SUUUUUUCCKKED this year.

IMPP is WAY WAY undervalued!