Imperial Petroleum Inc (IMPP)

[Smilin_B]

CISS (IMPP's spinoff shares) are -28% on the session as I type this.

CISS $1.88/sh

I sold my shares in the $4''s last week and stated that these spin-off shares should be considered free cash to IMPP shareholders.

Someone tried to correct me stating that the Spin-off shares we're not to be considered "free cash" as they were part of IMPP's revenue stream and therefore should be valued as part of IMPP.

BUT THERE'S NO REAL WAY TO DO THAT.

So...I sold them...and in doing so at the time I did, I saved myself an additional 55% haircut on the gains.

If anything, it will be the CISS spinoff shares that this CEO uses as his new dilution machine.

IMPP never wanted to get into the dry bulk shipping business and that is why they pawned these two vessels off into C3is, as they were never really accretive to Imperial Petroleum's earnings.

We also need to keep in mind that in last quarter's earnings alone, in just one single quarterly earnings, they surpassed our entire market cap. I believe this stock Will blast off when our next quarterly earnings are announced and everyone sees our cash position increase into the $150,000,000 or so range

In my opinion