Imperial Petroleum Inc (IMPP)

[tigerpac]

I don’t think many shareholders have noticed that the OS count has doubled since the end of April. Conversion of preferred shares has happened.

This company has mastered the art of buying back shares when the price is low and raising money thru the issuance of shares when the prices are higher.

In other words, they are essentially shorting their own stock. Sell high, then cover and buy back shares when it’s low. Accomplish it by inter company transactions and various self dealings. I suspect another offering is on the horizon. I’d imagine they are still waiting on the herd to find their stock, so current longs have some time imo.

A Greek masterpiece.