$Imperial Petroleum (IMPP.US)$ Here’s something crazy to con...

$Imperial Petroleum (IMPP.US)$ Here’s something crazy to consider. They have what $60-70million in the bank?

Why not use $30million for share buy back. That buys roughly 90-100million shares. That leaves 90million outstanding shares.

If you do this, stock price will easily double or even more ($0.60-$1).

You still are left with $30mil or so in the bank. Good news is once it hits $0.55 warrants will trigger which means more cash coming in to replenish the bank account.

At the end of the day you will be left with less shares than you are right now (190mil), with same cash in the bank, and with a share price of $0.60+. I said 60 cents but share buy back is very positive and will most likely create FOMO, which may very well drive this to $1 and thus you are now in compliance….

Just a thought. Is it realistic? Is the CEO considering this? Don’t forget they can get loans of $20-40mil for future tanker purchases so no need for