Imperial Petroleum Inc (IMPP)

[Smilin_B]

We are trading around $0.22 pre split right now.

I'm thinking each day we advance up a few percent followed by mild retracement, trending/stair stepping up to the $5 level.

Short sellers will have a decision to make @ that price point as institutions resume loading to the long side.

Net asset value over $400,000,000 (12 ships)

ZERO debt

$70,000,000 in cash

CEO stated it was the bad decision to perform the ATM around .18-.20 but it did provide the cash the company needed to service all of its debt.

CEO stated that the company is, and I quote..."a cash generating machine"

CEO stated that there will be no more dilution and the only reason for the reverse split was to remain listed on the NASDAQ

We made more revenues in q1 of this year than what our total market cap is. That was a huge surprise to even the company itself.

Moving forward, we are going to be EPS positive and the street will determine our valuation based upon these metrics.

$5 then $7 then ultimately over $10/share imo

I remain long