Recent movement
$Imperial Petroleum(IMPP.US$ any thoughts on the recent movement? the earnings was spectacular to say the least but it seems its still getting pinned below $0.40-$0.50.
From what I’ve read, shipping is raking in cash and the NAV of $Imperial Petroleum(IMPP.US$ should be around $2-3 if my estimates arent wrong.
Any chance it’s not moving because they can’t get quorum from the shareholders? Any catalysts upcoming besides the mid-term for WTI, and the December deadline for the sanctions to kick in?
Also, I suppose no one’s holding out till the PT of $3 anymore huh? Haha
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Birdistheword : Don't know. Maybe the market has been slow to react? It looks like earnings are officially released..
The Money Shot OP Birdistheword : Thanks for chiming in Bird.
II've never known markets to be slow to react to earnings. Haha but this really worrying me. And now Harry‘ s gone to play pretend media star, frankly iit's gotten me a bit worried. And the December deadline for non-compliance is fast approaching.