Imperial Petroleum, Inc. (fka IPMN)

[umiak]

I know that is an idea that has been tossed around since the last Q. I have tried to see the logic from the company point of view and it doesn't add up, at least not at these price levels. With the ng ball and chain gone and(my understanding) the 30% expansion already underway, simply rolling the debt over with the bank and continuing to make payments, makes more sense. They can always address some share financing
down the road. There are probably pieces to the puzzle that I am missing,
but seriously, enough warrants at 50% of pps to make a dent sounds insane. Maybe folks with different experiences will see it differently.