Imperial Resources, Inc. (OTC:IPRC) has been on the up move over the past days. Yesterday, the stock added another 
5.08% to its price and its traded volume flew up.
Historical data shows that the climb started as a result of the positive announcements by IPRC. The first one was released in end-March when the company announced that it has secured additional funding to be applied to the rebuild of its Green Tide Salt Water Disposal Facility.
According to the update, as soon as the site is approved and dirt work completed, the replacement equipment will be delivered to the site and the rebuild will continue.
A few days after the news was reported, another one came up stating that the wholly-owned subsidiary of Imperial Resources, Imperial Oil & Gas, Inc. has approved the clean-up work at the Green Tide Salt Water Disposal Facility and they could now commence the rebuild.
Being released, the news started pumping up IPRC stock price and now everyone is curious what’s next.
Imperial Resources, Inc. operates through its wholly-owned subsidiary, Imperial Oil & Gas, Inc. and has a highly focused, risk-averse strategy of building a substantial portfolio of oil and gas assets. On Feb 21, the company filed its quarterly report, which unfortunately was not that optimistic.
For the quarterly period ended December 31, 2011 cash and cash equivalents of IPRC have decreased, while its current liabilities rose up. Besides, the company’s accumulated deficit reached $1.7 million, and the net loss remained uncovered.[BANNER]
Historically, Imperial has funded its operations from equity and debt financing and from its oil and gas revenues. However, over the last 12 months the company has raised capital and debt of approximately $2,400,000 in difficult capital markets, which its recently announced financing won’t be able to cover.
Due to its going concern status, IPRC intends to seek business opportunities that will provide a profit. Though, some exploration activities, increased expenses and additional acquisitions, or other events, may require the company to raise a significant amount of capital through equity or debt financings, which would likely result in dilution to existing stockholders.
