$Imperial Petroleum (IMPP.US)$ Ouch, what happened?
$Imperial Petroleum(IMPP.US$ Ouch, what happened?
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RhioxOP : oh, I see now. Offering.
evauoz RhioxOP: what does the offering means in simply terms?
RhioxOP evauoz: Basically, it means that IMPP sold alot of shares to institutional investors for 2.00 a share.
RhioxOP evauoz: Offerings are when a company agrees to sell alot if shares to investors for a certain price
Revelation 6 : It wasn’t so long ago when they said they were flush with cash and wouldn’t be doing a offering. My how things change in a short period of time.
Riding Star : Sale drop
RhioxOP Revelation 6: it probably doesn't help that oil production has been cut back, so not as much oil being shipped.
Revelation 6 RhioxOP: The warrants @$2.00 didn’t help at all either. Instantly redeemable. This is going to recover though.
RhioxOP Revelation 6: No, it didn't, but I do agree. I do think this will bounce back. there are alot of large orders being bought up. that's usually a good sign
Revelation 6 RhioxOP: That’s what I’m betting on. I bought October calls so…
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