The one dollar barrier has been breached. The penny stock company Imperial Resources, Inc. (OTC:IPRC) is no longer a penny stock company. This January, investors finally felt what it feels like to hold shares worth a paper dollar instead of the usual dimes and cents. The victory is short-lived, as the price is now slowing going down again.
Fortunately, there is hope. It was not the company that helped the price go up in January; it was a sole victory of a stock promoter. Now, another old player has steeped in this February, and it is likely that another jump is coming. In other words, speculative investors should prepare for the coming events, starting today. As for all other regular traders, for them it might be good to come with me a little bit deeper in the rabbit hole, since their Imperial Alice might turn out to be something not that appealing.
The last promotion. It somehow made the connection between oil prices going up and Imperial Resources going up. The thing is that for this to happen, the company should sell at least enough oil for an SUV to go from the centre of a city to the suburbs. Just check out the revenues. Also, since we are talking about financial statements, it is surprising how they never come up in a stock promotion. Even when the numbers in the SEC filings are not that appealing, they might show that the company is on the right track. [BANNER]
The other key word tends to be “intends”. The company intends to do something, that should benefit shareholders and managers equally. Really? Because it seems that most agreements for cooperation signed recently benefit Robert Durbin, the CEO of Imperial, as he is either a sole or partial owner of the other party.
On the other hand, negativity obviously left the company’s stock some time ago, so at least the shares are doing well. Which means money can be made out of this stock with the proper strategy at hand. The following days might prove just that. Promotions work well and bring profits to the chosen.
Unfortunately, if the strategy of speculative traders and stock promoters works very well, the company strategy and thus the future of Imperial, seems quite misty and uncertain.
