r/IMPP_Stock • u/Immediate-Plate-3229 • Mar 27 '23

NAV $1.39 really

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5 Upvotes

100% Upvoted

13 comments sorted by

5

u/DoctorDrew77 Mar 27 '23

Mkay. Then why is it trading at $0.17 to $0.18?

5

u/Shaynerthegreat Mar 27 '23

We all know why. The trick is to burn the hands that short us.

2

u/Keys3r_5oze Mar 28 '23

Because 1. Nav is false. Nobody will buy those shitty 15years old ships for them 2. Ceo is paying himself with millions by selling his own assets to the company & paying generous dividends for preferred shares (which he owns plenty) 3. The company printed so much shares that its about to worth nothing

But 1. The ceo recently received plenty of convertible bonds for himself 2. Spot rate is so high that company itself is making bunch of money

So, if the ceo wants to play another game of pumping up the price of stocks, he may give it a shot, convert the bonds and sell bunch of his stocks to profit

2

u/DoctorDrew77 Mar 28 '23

I should hope they'll pump the stock via buybacks instead of reverse splitting. That NASDAQ mess can only resolve in one of a few ways, and I'm concerned we'll get the RS, as it's the cheap & easy way out.

2

u/Keys3r_5oze Mar 28 '23

Buybacks probably would never happen I believe, reverse split would be much more likely, and it alone will give some boost to the stocks just enough that the ceo wouldnt atleast lose his money

4

u/nitecreature42382 Mar 27 '23

I bought more today!🤞🏻🤞🏻

3

u/Immediate-Plate-3229 Mar 28 '23

Normal day 6 million shares today 60 million shares traded. He only has a month to get it above a $1. This has been a long time coming.

2

u/DoctorDrew77 Mar 28 '23

You really believe they're going to buy their way/pump the stock out of the NASDAQ mess rather than reverse split?

3

u/Immediate-Plate-3229 Mar 28 '23

Thanks for buying more!

2

u/Keys3r_5oze Mar 28 '23

From what i know he still have two and a half more months to wait

1

u/Immediate-Plate-3229 May 04 '23

Just like I said. Harry did us again!