Aug. 18 at 8:28 PM
$CISS So now it closed at a
$3.8 million market cap. Ridiculous. 🙄 Looks to me like Harry drilled this down to cash out the preferred shares for the common on the cheap. If Harry's Imperial Petroleum still holds the 68.8% stake in the common they will now pump the he77 out of it with the pent up business news.
If this is acquired or merged as a plan for Harry to cash out and exit they will make a bundle. If Harry remains in charge of this the stock it will suffer after the fleecing retail has taken in 2026. Great balance sheet developed off the backs of retail trades and the irony is that Harry may have parlayed the hate for the stock into a very lucrative exit for himself and Imperial Petroleum.
I'm playing along with what I believe is Harry's scheme of scaring retail out of company valuation then pumping it up. Either that, or IP converted to the common to dump at the bottom and that balance sheet was a lie. 🤔