Imperial Petroleum Inc (IMPP) Options

Low volume but at least we are getting closer to that $4 breach

Completely undervalued as is $CISS

Well .. I own a substantial amount of both $IMPP and $CISS

$IMPP I need about another 80 cents to be at break even in my Schwab acct and $1 or so in my other acct. It's been a long painful hold on that one due to dilution which obviously doesn't need to happen anymore based upon their cash on hand and that would only increase as C3is makes that final $38.7m payment in July.

There must be a reason why the Vafias family purchased shares of $CISS a couple of weeks ago. I believe that set tone for the bottom. Now we have support right around $1.50 and resistance at $1.75 which should clear relatively easily over the short term.

$CISS , in my opinion appears to be the better short-term swing trade and perhaps even a longer-term hold if we can get through that $2.50 area

I think IMPP is the better long term
play here (versus CISS).

Although CISS will have more volatility due to a seemingly vocal X crowd that is trying to ram the symbol down everyone’s throat.

$IMPP breached through its 52-week high and it looks like we are headed to the high $4s this week.

Im still holding this sum beach and stand to break even soon, or hold for higher. I'm also long $CISS from around $1.28 and I'm expecting stellar earnings by the end of this month

Nice assault on the mid to high $3.70s today

Decent volume and the chart is trending up

Tomorrow is Friday and usually we see redness but if not, that bodes very well for a push-through $4 next week and onto higher levels as short sellers begin to take notice

New 52 week high as we approach $4

Looking quite nice as we break out of this cup and handle pattern

Yes and IMPP fell below support a few times yet recovered nicely back above $3/share over the last couple of weeks

I hear what you are saying but the intercompany transactions are what is holding IMPP back. The company is going to spend $70 million plus to purchase two tankers from Harry. Most everything seems to get bought from Harry at a premium and sold to Harry at a discount. Shareholders are ones who suffer when that happens and Harry can make up the losses on his common shares by issuing dividends to himself.

If you have ever sat in on an Imperial Petroleum conference call in the past, every time the floor was opened up to questions, Harry was always put on the spot by a disgruntled shareholder or two. I did not participate in this particular conference call so I do not know if they prohibited having a Q&A session. I will just trust what you have stated.

I can say that from what I did read throughout their earnings report, I can't see anything negative. I posted my concise synopsis of the earnings and why I feel this stock is and will continue to be grossly oversold.

The chart is still very much intact as well.

The fact that no questions were allowed to be asked in the presentation is a bit of a problem. Does Harry have something he doesn’t want to talk about?

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.

Wow IMPP ! For the 12 months ended December 31, 2023, revenues were $183.7 million, up 89.4% from the previous year, while net income increased by 141% to $71.1 million. The company held $124 million in cash and equivalents as of December 31, 2023.
GLTA !

CEO Harry Vafias Commented:

“Since our Company’s listing, we managed to almost triple our fleet, accumulate more than $100 million of cash, pay off all of our bank loans and excel in terms of profits. For 2023, our profitability was $71.1 million, that is 141% higher than 2022. Since September 2023, we have commenced a sharebuyback program. To date, we have purchased 4.3 million common shares and 5.8 million of outstanding warrants for a total consideration of approximately $10 million while, since the commencement of our share buyback program, our share price has doubled.”

Conference Call details:

On February 13, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Online Registration:

Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

https://register.vevent.com/register/BIb0d71756a48d45f7bcfb53165f7242da

Slides and audio webcast:

There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website (www.ImperialPetro.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

Any expectations re earnings?

Nice to see IMPP re-test true support in the $2.90's then regain her footing back into the $3.20s today.

These stair-step patterns bode well for the longer term chart. Harry just needs to keep his mind off of unecessary capital raises using stock as cash to fund expansion.

It would be wonderful to trade up and over $5 and recapture institutional interest

Yes that's the support level and we have retested the $3.60 resistance level a couple of times on fairly high volume I may add.

This means that there are millions upon millions of shares owned substantially above $3.20 - $3.50's and that bodes well for the shares moving forward. I'm just holding on to my position. I will not be adding in the event that support is breached to the downside. This company has enough cash, especially after that last offering and I honestly don't think they wish to perform another capital raise via tapping the equity markets. But stranger things have happened. Like you said, this is a Greek shipper and this CEO has been known to do shocking things to disrupt the upward trajectory of the stock
.

Support should be around
$2.92 . If it breaks through that on volume then look out below.

I bet this forum will begin to get a bit more active if and when we ever break through the $4 resistance level. That is absolute true resistance. And if our CEO chooses to no longer perform dilutive capital raises, and keeps the share structure intact then we have a decent shot at heading back to the $5 - $6 level where institutional investors might find us more attractive

More pullback today down to the $3.30s

Not everything goes straight up. You have to have profit taking along the way. It looks like profit taking is on much lower volume than when we are pushing up.

Looking forward to a re-test of the mid to high $3's in the days to come

Little pullback today due to some well deserved profit taking from the shorter term block traders.

I took my profits today on IMPP's spinoff shares $CISS from my entry on January 19th ($0.121)

The last time I sold that one was at $4 a share

The IMPP Chart is very much still intact

yayyyyyyyyyyyyyyyyyyyyyyy for you smilin b!!!!!!!!
3.57

Looks like the 50 ma is crossing up through the 200 ma

Golden Cross time

This chart certainly is looking quite positive as of late

$3.30's and $3.40's today.

Building nice support over previous $2.92 and $3 resistance

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.

And here we go back through the $3.20 resistance area

Seems like we smoked out most of the day traders and hopefully resistance becomes new support

Let's bust through $3.20's this week

Yes it's getting crazy. During covid shipping rates were up 15x

Guess we will see how this impacts Imperial petroleum's Q4 earnings when they are announced.

I'm hard-pressed to think that this CEO will perform any type of capital raise with the amount of cash we have on hand from the last one. We are trading at a ridiculously low multiple

https://finance.yahoo.com/video/shipment-rates-soar-4x-red-184755886.html

Hopefully all of the short-term traders have locked in their gains and trailing stop losses have been triggered by today

"they" traded it all the way down to the original prior resistance level which was exactly $2.92

Back near the August 2023 top. Can it breakthrough or are we seeing a double top?

Likely at an inflection point where the move will either take price to $4 or return it to $2.40 imo.

Have u seen $CISS? -16.5% today @ $0.485/share and you sold around $5 per share and I sold around $4 per share

IMPP is by far the better investment but now I'm starting to look at $CISS from an oversold standpoint. Just waiting for the chart to be completely destroyed and then showing signs of a reversal on $CISS

Typical to see short-term traders taking profits and hopefully they will not sell it down beneath our new support level of approximately $2.92 and $3

$3.20's - looking decent today after that intense several week standoff trying to breach $2.92 resistance

A $3 close today is pretty decent

I hope most of the short-term traders have exited super fat gains from the mid to high $1's and are moving on into something else. Looking forward to clearing that $3 resistance on the way to the next obvious resistance wall at $4

The longer it stays in the 2.90 level , the better chance is has to bust thru (on volume).

I’m always wary that they will drop an offering at any time during this surge as that has been their modus operandi for quotes some time. Raise cash when stock price is high , sell their personal shares or convert preferred stock and then do stock buybacks when they are done offloading.

Essentially shorting their own stock. Legal but suspect. Greek shippers have perfected this tactic. Just have to know how to trade ‘em.

We briefly hit $3.02

Let's see if IMPP can't break this $2.92 resistance

Another worthless post.

I wonder if you are actually happy with your life

Try BoilerRoom.com

Decent volume as of late as accumulation continues in the $2.70 - $2.85 range. It's safe to say that the short-term traders have exited with tidy profits from the high $1's and low $2's. Corporate BuyBacks probably helped elevate our share price in spite of the conversions that recently took place. But that's just less debt off of our balance sheet. Can't wait to see our cash position and revenues moving forward into the new year. Looking forw
ard to an ultimate trend reversal over the massive $4 resistance.

Gap has been filled so I would expect some retracement back to under $2.40.

Seems $2.93 is the number to clear in order to make $3 our new support level

That would be a decent start yes

Hope wee see IMPP $4+ in 2024

Seeing as how that PR came out at 9:20am pre market and the shares hit the $2.90's on volume, apparently the conversion news wasn't seen as a negative event

December 22 2023 - 09:20AM

It's possible if they have yet to dispose of those shares into the open market (if they already decided or decide to do so). The PR is pretty vague

harry burned too many investors it appears b