IPII: Acquired by QEP Co, Inc (QEPC). Each shareholder of Imperial Industries, Inc (IPII) shall receive $0.30 per share held.

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/23/2012&mkt_ctg=NON-OTCBB

That ain't good.

Based on the poor economic conditions prevalent in the construction industry and the Company's on-going losses, as well as other factors, the Company's independent registered public accounting firm included an explanatory paragraph in its report on the Company's financial statements as of and for the year ended December 31, 2011, raising substantial doubt about the Company's ability to continue as a going concern.
S. Daniel Ponce, Imperial's Chairman of the Board, stated: "The market demand for our products in 2011 continued at near historic lows. Unless demand for the Company's products increases significantly, the Company's operations will not generate sufficient cash flow to support operations in its current condition through the balance of the 2012 year. We are actively seeking debt and/or equity financing to provide additional funds for operations to maintain liquidity until construction activity increases and operations become profitable. There can be no assurance that the Company will be able to obtain such financing.

Hanging near the top of the range

Well, I'm starting to see a possible bottom forming on the charts.

Still waiting on housing recovery, lol

Still waiting on Fla housing recovery

Still no relief for the IPII weary

Housing market still in a depression

We hit 1.00 today!

ZCZC MIATWOAT ALL
TTAA00 KNHC DDHHMM

TROPICAL WEATHER OUTLOOK
NWS NATIONAL HURRICANE CENTER MIAMI FL
800 PM EDT SUN JUN 5 2011

FOR THE NORTH ATLANTIC...CARIBBEAN SEA AND THE GULF OF MEXICO...

1. SHOWER AND THUNDERSTORM ACTIVITY HAS CHANGED LITTLE OVER THE PAST
FEW HOURS IN ASSOCIATION WITH A BROAD LOW PRESSURE SYSTEM LOCATED
ABOUT 175 MILES WEST-SOUTHWEST OF JAMAICA. WHILE THE SHOWER AND
THUNDERSTORM ACTIVITY REMAINS CONCENTRATED MAINLY TO THE EAST OF
THE AREA OF LOWEST SURFACE PRESSURES...SOME GRADUAL DEVELOPMENT OF
THIS LARGE DISTURBANCE IS POSSIBLE DURING THE NEXT DAY OR SO BEFORE
UPPER-LEVEL WINDS BECOME LESS FAVORABLE. THERE IS A MEDIUM CHANCE
...40 PERCENT...OF THIS SYSTEM BECOMING A TROPICAL CYCLONE DURING
THE NEXT 48 HOURS. AN AIR FORCE RESERVE HURRICANE HUNTER AIRCRAFT
IS SCHEDULED TO INVESTIGATE THE SYSTEM MONDAY AFTERNOON...IF
NECESSARY. REGARDLESS OF DEVELOPMENT...HEAVY RAINS COULD CAUSE
FLASH FLOODS AND MUD SLIDES OVER PORTIONS OF HAITI AND JAMAICA AS
THE SYSTEM MOVES SLOWLY TOWARD THE NORTHWEST OR NORTH OVER THE NEXT
COUPLE OF DAYS.

ELSEWHERE...TROPICAL CYCLONE FORMATION IS NOT EXPECTED DURING THE
NEXT 48 HOURS.

Looking to see if it moves as a hurricane play this year.

Slowly uptrending

A good time to sell might be if it does continue the run and get toppy if a hurricane does menace the S.E. USA this year or next.

Otherwise I'm just going to hold... This stock usually traded from $5 $10.

Good call - now that you mention it, I remember you saying that. I agreed at the time, but had my funds tied up in other things.

Still early, I guess, then.

Rhino

I bought it as a housing market turnaround... took awhile, but could really move back into the dollars, imo.

Nice! Haven't bought any cane plays yet this year, so I missed this one.

Yep, my buys in .20's looking nice, and I'm NOT SELLING either!

Nice move today.

I see we are slowly creeping up as the recession winds down.

.30 - company is holding it's own down here it seems.

.45 holding now... And Florida still has no housing rebound.

Posted the real-time quote link in post #482...otcmarkets.com has real-time level 2 also...

http://www.otcmarkets.com/stock/ipii/quote

Still fully reporting company as long as they maintain at least OTCBB listing status...LJ

Appears IHUB still has IPII on Nasdaq.

IPII actually trading at .26 - don't know why I-hub has wrong price.

Did they shut down the building industry in Florida today because of good weather?...LJ

btw, IPII sold for less than the price in the I-hub quote link late Friday afternoon...

real-time price quote...
http://www.otcmarkets.com/stock/ipii/quote

Probably not many watching then...LJ

http://www.ssd.noaa.gov/goes/flt/t2/wv-l.jpg

IPII at BarCharts seen as a buy:

http://www.barchart.com/opinions/stocks/IPII

I'm hoping you married a twin and see double on a regular basis...LJ

I believe there are only 5 million shares outstanding...still

how much fwoat after insider buying recently?...LJ

A big direct hit would get er movin

cargo hauler, ipii going to see any action from 97L possibly FL first 2010 hurricane

cargo hauler, ipii going to see any action from 97L - may be first FL hurricane of 2010

hey cargo hauler, is ipii going to see any action. 97L may be first fl cane for 2010

Trendless trading at .40

52wk High....Date

$3.69...........9/3/09

Tis the season!

Played it last few yrs. Any other questions?

edit:sorry for the blue link. The system likes the word "date" just pretend it matches the rest of the line ;D

Why do you want to buy it?

Tried to add to my position this morning pre-market limit order & recieved this msg:

Please contact your local branch about placing an order on this security. ???

Any thoughts?

I have a dog named "PaddleFoot",,,lol

IPII's 10K below seems ominous, almost like PDGE's before the bank pulled the plug on management.... I have already bailed a long time ago and think the price may head back down to the .05 range or so... No way I'd pay current prices, knowing what I know about what happened to PDGE. With revenues shrinking down to below 10 million dollars per year on a 4 quarter projection, I'm going to wait until a cane is on the way to buy that one or a better 10Q report.

Based upon these and other factors, the Company's independent registered public accounting firm included an explanatory paragraph in its audit opinion for the Company's financial statements for the year ended December 31, 2009 raising substantial doubt about the Company's ability to continue as a going concern.
S. Daniel Ponce, Imperial's Chairman of the Board, stated: "2009 presented many challenges to our Company and we expect the business environment in 2010 to continue to be a difficult period characterized by low demand for the Company's products due to the adverse economic conditions prevalent in the construction industry and in particular the Company's primary trade area of Florida.

Mr. Ponce continued, "We are currently seeking a new commercial lender to replace our existing lender and to increase the amount of our line of credit to generate additional liquidity for our continuing operations and enable us to pursue a geographic expansion of our trade area. We are hopeful all of our initiatives will prove successful and enable us to navigate through this prolonged industry downturn until economic conditions improve."For more information, please refer to the Company's Form 10-K for the year ended December 31, 2009 which is being filed with the Securities and Exchange Commission on March 19, 2010 and which will be available on the Company's website www.imperialindustries.com shortly.

Imperial Announces Operating Results for Year 2009 and Fourth Quarter 2009

POMPANO BEACH, Fla., March 19, 2010
GLOBE NEWSWIRE
Imperial Industries, Inc. (OTCBB:IPII) announced today the results of operations for the year and fourth quarter ended December 31, 2009.

Net sales for the year ended December 31, 2009 were $8,635,000, compared to $10,038,000 for the same period in 2008, a decrease of 14.0%. For the year ended December 31, 2009, the Company had a loss from continuing operations of $1,188,000, or $.47 per diluted share, compared to a loss from continuing operations of $1,150,000, or $.46 per diluted share, for 2008. Discontinued operations related to the closure of the Company's distribution facilities during 2009 and 2008, accounted for losses of $4,115,000, or $1.62 per diluted share for 2009 compared to $5,539,000, or $2.20 per diluted share in 2008. Accordingly, the Company incurred a net loss of $5,303,000, or $2.09 per diluted share, for 2009 compared to a net loss of $6,689,000, or $2.66 per diluted share, for 2008.

Net sales for the fourth quarter ended December 31, 2009 were $1,771,000, compared to $2,250,000 for the same period in 2008, a decrease of 21.3%. The Company realized income from continuing operations of $252,000, or $.10 per diluted share, for the 2009 fourth quarter period solely due to a tax benefit of $613,000 recorded in the fourth quarter attributed to the Company's carry-back of its 2009 net operating losses available to it under the Federal Worker, Homeownership and Business Assistance Act of 2009 to claim a refund from past taxable earnings. This compared to a loss from continuing operations of $592,000, or $.24 per diluted share, for the comparable period in 2008 which included a tax benefit of $208,000. Discontinued operations accounted for losses of $1,317,000, or $.52 per diluted share, and $1,501,000, or $.59 per diluted share, for the 2009 and 2008 respective fourth quarter periods. Net loss for the three months ended December 31, 2009 was $1,065,000, or $.42 per diluted share, compared to a net loss of $2,093,000, or $.83 per diluted share, for the same period in 2008.

Results of operations from continuing operations for both the year and fourth quarter ended December 31, 2009 were adversely affected by the continued extraordinarily weak construction activity in the Company's primary markets which caused reduced demand for the Company's products. Restructuring fees and other costs associated with discontinued operations, including a pre-tax charge against continuing operations for an estimated loss contingency of $529,000 also, had a significant effect on the Corporation's continuing results of operations for 2009. Based upon these and other factors, the Company's independent registered public accounting firm included an explanatory paragraph in its audit opinion for the Company's financial statements for the year ended December 31, 2009 raising substantial doubt about the Company's ability to continue as a going concern.

S. Daniel Ponce, Imperial's Chairman of the Board, stated: "2009 presented many challenges to our Company and we expect the business environment in 2010 to continue to be a difficult period characterized by low demand for the Company's products due to the adverse economic conditions prevalent in the construction industry and in particular the Company's primary trade area of Florida. In response to the current economic landscape and an anticipated on-going lower product demand for our products, our management has focused its efforts on cost reduction initiatives, customer satisfaction and other cost control measures within our control, taking steps to restructure our business in line with existing market conditions. The closure of the Just-Rite distribution facilities and discontinuance of its operations on June 11, 2009, eliminated our Company's need to provide funding to support losses from these discontinued operations."

Mr. Ponce continued, "We are currently seeking a new commercial lender to replace our existing lender and to increase the amount of our line of credit to generate additional liquidity for our continuing operations and enable us to pursue a geographic expansion of our trade area. We are hopeful all of our initiatives will prove successful and enable us to navigate through this prolonged industry downturn until economic conditions improve."

For more information, please refer to the Company's Form 10-K for the year ended December 31, 2009 which is being filed with the Securities and Exchange Commission on March 19, 2010 and which will be available on the Company's website www.imperialindustries.com shortly.

Imperial Industries, Inc., a building products company, sells products primarily in the State of Florida and to a certain extent the rest of the Southeastern United States with facilities in the State of Florida. The Company is engaged in the manufacture and distribution of stucco, plaster and roofing products to building materials dealers, contractors and others through its subsidiary, Premix-Marbletite Manufacturing Co. See our website at www.imperialindustries.com for more information about the Company.

The Imperial Industries, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3041

The statements in this press release contain certain forward-looking statements, which are subject to risks and uncertainties. Such statements, including those regarding, among other things, the success of the Company's sales and marketing efforts, improvements in productivity, the Company's strategy and future prospects, are dependent on a number of factors, including changes in economic, business, and competitive market conditions, and availability of financing, only some of which are within the Company's control. Actual results could differ materially from those currently anticipated due to a number of factors, including those set forth in the Company's Securities and Exchange Commission filings under "Risk Factors." The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. A more detailed discussion of risks attendant to the forward-looking statements included in this press release are set forth in the "Forward-Looking Statements" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission ("SEC"), and in other reports already filed with the SEC.

Trading on OTCBB looks about like it used to on Nasdaq... huge spread and thin!

Form 8-K for IMPERIAL INDUSTRIES INC-NOTICE-OF-DELISTING


--------------------------------------------------------------------------------

26-Jan-2010

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Sta


Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On January 25, 2010, Imperial Industries, Inc. (the "Company") received a Letter from the NASDAQ Office of General Counsel, Hearings Department, that the Company's shares will be suspended from trading on the NASDAQ Capital Market effective at the open of business on Wednesday, January 27, 2010 and that thereafter NASDAQ will file a Form 25 Notification of Delisting with the Securities and Exchange Commission.

As previously reported in the Company's current report on Form 8-K filed with the Securities and Exchange Commission on December 29, 2009, the Company had received a Staff Determination Letter from NASDAQ on December 23, 2009, rejecting the Company's proposed plan to resolve its failure to comply with the minimum stockholders' equity requirement of $2,500,000 as set forth in the NASDAQ Listing Rule 5550(b) as of September 30, 2009. Pursuant to applicable NASDAQ rules, the Company requested and was granted, a hearing from a NASDAQ Listing Qualification Panel on January 28, 2010 to request the continued listing of its common stock on the NASDAQ Capital Market, which stayed the delisting of its common stock. Also, the Company would have been able to present its views to the NASDAQ Listing Qualifications Panel at this hearing with respect to its additional deficiency of not holding an annual shareholders' meeting in 2009.

On January 25, 2010, the Company determined to withdraw its appeal as it has become apparent it would not be able to provide a plan to the NASDAQ hearings panel suitable to meet the minimum requirements for the continued listing of its shares.

The Company has begun the process to have its shares of common stock quoted on the Over the Counter Bulletin Board following cessation of listing on the NASDAQ Capital Market. However, there can be no assurance when such shares will be eligible for obtaining quotes on the Over the Counter Bulletin Board, or if at all.

On January 26, 2010 the Company issued a press release announcing that it had received the above mentioned notice of suspension of trading and delisting of its shares from NASDAQ as a result of the Company's determination to not appeal the delisting of its shares from NASDAQ due to its inability to meet the minimum requirements for continued listing. A copy of the Company's press release is attached as Exhibit 99.1 and incorporated herein by reference.

Item 9.01

Upcoming Nasdaq delisting

Housing recovery has not yet started... IPII is hanging in there, but something needs to break soon!

Hey pal..

Are You related to "CLUTCH" cargo?

The whole EAST Coast is a catastrophe if You ask me..

New base at $1.25 to $1.50?

Hey, where did you go tncatfishs?