Imperial Petroleum Inc (IMPP)

[tigerpac]

As I mentioned the last time the CEO pulled this crap, why would a company that supposedly has $100 million in cash and 0 debt, need to raise another $34 million in cash?

Because the stock is just currency to him.Common shareholders mean nothing. It’s DRYS 3.0 .

Don’t believe the cash numbers or the debt numbers. There are so much intercompany transactions between the CEO has his public companies that I believe most of the money is winding up in his hands to do whatever he wants with it, to his benefit only.

Also love the stockholders here who buy right before earnings, then claim they got out “just in the nick of time” before the drop. They aren’t fooling anyone except themselves imo.