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Re: Daylas post# 6304

Wednesday, 05/24/2023 4:33:22 PM

Wednesday, May 24, 2023 4:33:22 PM

Post# of 6856
Your figures could very well be accurate. I have not really been focusing on the two dry bulk carriers that were purchased. I do realize that shareholders were upset because Imperial Petroleum was getting outside of its main scope of business but I think these dry bulk carriers will be accretive to our business operations moving forward and the spin off will undoubtedly add to shareholder value.

Nobody can argue the fact that Imperial Petroleum is extremely undervalued based upon having in excess of $80 million in cash by now, $400 million in net asset valuation (and growing), 12 tankers in inventory operating at maximum capacity/profitability

....and ZERO debt

So there will be no need to raise CA$H by way of share issuances any longer.

Every single day, IMPP makes several hundred thousand dollars in revenues with no one to pay interest to any longer

That's pretty powerful
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