Imperial Petroleum Inc (IMPP)

[Smilin_B]

Yes $124 MILLION dollars in cash, zero debt, 9+ vessels (and growing). Year end revenue increased by 89.4%, net income by 141%. Cash on hand $124M. Trading at $52M market cap. Company repurchased $10M worth shares. 75% short interest. Not sure how they are going to cover. A recent capital raise was concluded and there was no substantial sell-off on the shares due to dilution. In fact, our share price has doubled in just a few months. The chart looks beautiful and although it would appear to someone not knowledgeable in the space, that the pattern is "overbought', we have had days where retracement down to support has been tested and retested - and has so far, held it's ground. I'm not really certain what shareholders were expecting out of earnings but they were absolutely incredible. I would like to think that we can make another test through the $3.60 level prior to increased volume and larger institutional investment here.