@joeriwestlandMay 22, 2026 · 1:28 PM

Very impressive earnings $IMPP versus a low Enterprise value (no debt, large cash position), plus active buybacks. Same owner (Vafias) as $GASS , so definiately some corporate governance issues. Great deep dive on IMPP below. https://t.co/WMV2QMCmR1

@james56487175Aug 9, 2025 · 4:40 PM

@Faustocam @christankerfund I expected more Harry tax, it’s inherent. Using equity again is not positive, although it is somewhat immaterial to the compounding per share EPS/NAV. I’ve always said to expect all cash to go to building a fleet of 20, 30, 40 ships over many years. $GASS is the template.

@james56487175Jul 28, 2025 · 6:17 PM

@Adrian_Smith12 @thmessini Harry has a track record of satisfactorily (if not lazily) running $GASS, where he is also the largest shareholder. I believe he is most likely to do the same with $IMPP. Slow and steady. He taxes all the ship transactions and mgmt, but it’s too cheap to ignore regardless.

@james56487175Jul 28, 2025 · 2:10 PM

@MikeHor43947875 IMPP is a very long-term hold. CEO is slimy but owns ~35% and continues to buy on open market whenever share price gets too low. Zero debt means he will keep buying ships (from himself) to expand fleet (& EPS) massively. Same CEO as $GASS. Yes, NMM is still a good opp.