Imperial Petroleum Inc (IMPP)

[Smilin_B]

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