C3is Inc (CISSV) Quote

I doubt if the tanker is worth as much as they paid for it and it’s a depreciable asset as well.

IMPP is likely the bigger winner on the transaction, although Harry is by far the biggest winner since he scalps from both sides of the transaction.

Thank you for doing the math. If you are accurate then we would have a market cap of around $47 million dollars

I just wonder if our NAV will increase once the $38.7 million gets paid back to Imperial petroleum for the July 2023 purchase of that afromax tanker - or does the present NAV already take into account the ownership of that tanker even though it has yet to be full paid?

Actually, according to filings, if all the B and C warrants are converted, the OS share count will be about 28.5 million .

From April 16th through today, we traded a total of approximately 57.1 million shares representing approximately $75 million worth of stock exchanging hands

I guess the remaining balance of 38.7 million that's due in July 2024 will be addressed within the confines of our Q1 earnings report.

After 2 very dilutive capital raises in 2024 and a RS that destroyed what little shareholder value that was left, I'm hard-pressed to think that they are going to destroy the stock by issuing a 3rd capital raise to full pay the $38.7 million dollars - but stranger things have happened...

C3is could always obtain a conventional bank loan using it's NAV as collateral.

Obviously none of this has really been verified, confirmed or disseminated by the company as of yet.

C3is needs a portion the $13 million in cash it has as we entered into an agreement to acquire the Bulk Carrier Eco Spitfire for $16.19 million from Brave Maritime, an affiliated company. Payment of 10% of the purchase price ($1.619 million dollars) will be effected within April 2024, with the remaining balance due by the 10th of April, 2025, at the latest.

Separate to that most recent purchase, the company performed its second offering on March 19th whereby it raised an additional $6 million in cash to bring its net cash balance to 13 million dollars. C3is intends to use the net proceeds from this offering for capital expenditures, including for payment towards the $38.7 million remaining purchase price for the Aframax tanker it acquired in July 2023.

So basically, and correct me if I'm wrong but we already know that $1.619 million is out the door but I'm unsure as to what the payment is towards the $38.7million for the 2023 Aframax tanker.

Here we go - can’t wait for tomorrow

Still warrants on this ticker.. seems they are dumping on every lil push

Hard to tell what the short position is in this stock but my guess as to who holds a majority of it is likely to be the same financiers who hold most of the warrants.

Some sort of arbitrage.

Shorts here don’t want to let go, squeeze coming here soon IMO
Lots of buzz around social media on this one

That cash is already spoken for….


Our liquidity needs, as of December 31, 2023, primarily relate to the funding of the remaining purchase price of $38.7 million for the Aframax tanker we agreed to acquire in July 2023 from a related party which is payable by July 14, 2024, expenses for operating our vessels, any vessel improvements that may be required and general and administrative expenses.

As of December 31, 2023, we had no outstanding bank debt and a financial liability of $37.1 million relating to the remaining purchase price for our Aframax tanker, which bears interest at an implicit rate of 8.1% per annum and is payable in July 2024 in the total amount of $38.7 million which is inclusive of interest. We may incur indebtedness in the future to finance the growth of our fleet. In April 2024, we agreed to acquire a third handysize drybulk carrier for a purchase price of $16.19 million, of which 10% was payable within April 2024 and the remainder of the purchase price is payable no later than April 10, 2025.

We expect to finance the $38.7 million remaining acquisition consideration for our Aframax tanker and the $14.57 million remaining acquisition consideration for the handysize drybulk carrier with cash on hand, cashflow from operations, possible equity offerings and the incurrence of senior secured bank debt, if needed, within the twelve-month period following the respective vessel’s delivery to the Company. We may also incur indebtedness secured by the two drybulk vessels in our initial fleet. In the event the debt and equity issuances are not sufficient, we may consider selling one of our unencumbered vessels.

$CISS - according to our CFO, as of April 30th the OS was 5.87 million shares. Now of course that share count has probably been increased by approximately 4 million shares due to warrants exercising, but that is just my estimate.

Getting back to the meat...

At $1.26/sh = a market cap of $7.4 million dollars

CISS generated $5.6 million in earnings in the last quarter of 2023 alone

During Q1 of 2024 we had two equity offerings which produced $13 million in cash bringing our total cash balance to $35.6 million dollars

We have a net asset valuation (NAV) in excess of $50.4 million dollars

These are the reasons why I am long with a $1.28 average and have a price target north of $2/share

Q1 earnings will be out at the end of this month and I anticipate them to be in line or exceeding Q4 earnings

Based on 5,818,227 shares of common stock, par value $0.01 per share (the “Common Stock”), of C3is Inc. outstanding as reported in C3is Inc.’s Annual Report on Form 20-F filed with the SEC on April 30, 2024.

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Once the warrants are done converting the share count will be closer to 12-13 million imo.

One of several email responses I have received from the CFO of $CISS while it gets obliterated post RS

I've been loading up in the $1.20s

Nina Pyndiah - CFO

3 email addresses to contact her

pyndiah@stealth.gr
pyndiah@brave.gr
Info@c3is.pro

If you wish to reach out to the CEO of the company, his contact information is as follows:

Andriotis Diamantis

dandriotis@stealth.gr

Schwab shows 1.95M shares. The RS article was 100:1 with 191 M shares at that time. Maybe there are other shares from somewhere, but float is way low. It makes sense that this is heavily shorted by naked. March shorts were 2 and 3 million. Report 4-15-24 shows 204,062 short interest. This is so low with dropping volume, that I'm staying. Under valued with few sellers left--as I see it GLTA

The published float may read 1.9 million shares but I think the actual float is around 6-10 million shares at this point.

Transfer agent has not updated shares since the split date.

Also spread is way too tight for there to be only 1.9 million shares and what you call a significant naked short position.

As far as who holds short positions , you can probably start with Aegis Capital who was involved in the underwriting of the recent stock offering.

Post RS, the public float resides at approximately 1.9 million shares.

Confirmed short interest resides at 77% of the float or 1.4 million shares

Then we have the digitally counterfeited naked short sales of stock that could be several times the number of shares in the float.

We have q1 earnings coming out in a couple of weeks that could be the potential catalyst to cause one hell of a parabolic short squeeze

I'm long with a $1.29 or so average, holding 16,000 shares

And this is precisely where it was trading in after hours as well

Things are about to heat up here.

I can't even begin to tell you all the due diligence I've been performing elsewhere. Naked open short interest is completely insane. This thing could squeeze up into the $2 range this week easily

Every pump ushers in more bagholders and a new ATL.
It's amazing how people still fall for these Greek SCAMS when it's such easy money shorting them.

show us your YTD, and maybe I will follow you

but I doubt it

I will follow and pay or follow anyone or service that helps me make money

I know one thing for sure, ive known you for years, I forgot your name but I do know I dont like the weak stocks you pump, they are usually dead, with anemic volume

you buy and post in hopes of others buying and getting somewhere

I used to do that in the OTC, where you had to pump stocks

Id rather pay a service or a group peanuts to get stock picks with mega volume and liquidity

half of your plays, I couldnt buy a 100k shares comfortably and sell them whenever I wanted

they are illiquid, and I am not the only one that knows this others have PM me

if you were so good at stock picks and alerts you would have many followers, but you have 275

moon has 100k+ and Zack has over 500k

and when they alert stocks they jump and they trade millions of dollars

if you think im wrong prove it

pick a unknown stock, then alert it wherever you want

I am willing to bet my car and my house nothing happens

maybe a few thousand dollars in volume

and mostly your buys

Pay for a pump group ? Thats silly cmon how long have you been trading you need to pay for a pump group for your alerts after they front loaded them?

Sounds silly steve … but keep up the hard work ;) !

its a pump, doh

you surely leave out the bad when you pump...

and I dont remember making any money from your superb alerts

I surely wouldnt pay for them like I do

zacks $100/mth
moons $50/mth
stockace/$0mth


now calculate how much they make just off paid subs every month

zack has over have a million followers

do the math, be a great stock alerter, and start your own subscription😁

did you see where they recently dropped all charges

and who do you follow?

I made money on his alerts

him and moon bring the mega volume and trigger algos

just PAYOR

What a dilution machine they didn't allow to run

$CISS so more lemmings still follow a crook into a Greek dilution scam to get doubly dumped lol you really can't make this stuff up.
Now it'll dive back under $1 then .03 then another R/S because hedge fund shorts know everything they say including the money they supposedly have is a big lie.

Looks like zach just dumped on yall once again hes back at it

SEC Charges Zack Morris, 7 Others In “Pump-And-Dump” Gang For $100-Million Stock Manipulation Scheme


This is the guy you get your information from ?


Wouldnt touch anything he is pumping lol

https://thedeepdive.ca/sec-charges-zack-morris-7-others-in-pump-and-dump-gang-for-100-million-stock-manipulation-scheme/

Left out the debt they owe

$CISS 1.55 FROM 2.25 🚨🚨 I like $CISS $1.58
RECENT RS
Float: 1.63M
Free Float: 79.02k
Short Interest: 2.04%
Sector: Oil & Shipping
Cash/sh: 5.25
Total Cash : 9.6M + Revenue (TTM) : 28.74M
Company has been profitable with 32.33% Profit Margin.
140% increase in Total Assets as of December 31,…— Zack Morris (@MrZackMorris) April 17, 2024

CISS has 1.95 million OS, no debt, 35 million cash

https://finance.yahoo.com/news/c3is-inc-reports-revenue-13-132100655.html

Ladies and gentlemen , START YOUR ENGINES AND STRAP IN :D

Transfer agent has not updated that number since the reverse split. You can bet that figure is 3x-5x higher already based upon the volume of shares traded.

yep low floater post RS like $WISA approximately 1.953 million shares

https://www.globenewswire.com/news-release/2024/04/10/2860764/0/en/C3IS-Inc-Announces-Reverse-Stock-Split.html

Message in reply to:
CISS has 1.95 million OUTSTANDING SHARES

https://finance.yahoo.com/quote/CISS/

CISS has 1.95 million OUTSTANDING SHARES

https://finance.yahoo.com/quote/CISS/

I’ll give you credit…seeing you in action, you certainly know how to read technical indicators combining with some fundamentals of the stock.

You know not to hang around too long on most of your trading positions.

I can see why you are the supporter of many families!

Dream on dummy..

Maybe 2.76 after hours

It already hit 1.76

Not a chance, although $1.70s are possible

9.5 million shares have changed hands today. Record volume session. I was double fist loading shares @ $1.23 $1.41 $1.45 etc

Tomorrow is the 5th Day post reverse split. It should be very very interesting towards the clothes tomorrow and some really nice action to close out the week.

I can see us trading $2 - $2.30 area by friday

3 dollars possible today

No debt? CISS owes almost $40 million to Harry V (and IMPP) to pay off one Aframax tanker purchased last year and just “purchased” another bulk carrier for $17 million which it will pay off in installments. Almost purchased from another Harry company, Bravo Maritime.

It’s just a shell game with these stocks and a way to get money to Harry with least possible taxes paid.

I also took a new position @1.23

That's the present price right now. I just picked up 3,000 more shares at $1.23 to get my average down to the $1.39 area

Must be nice to have a time machine.

$1.70’s huh, lol.. try 1.20’s and below..

That was before the increase in shares and warrants.Good luck and good trading.

Cash 35.6 million dollars no debt outstanding shares 1.95 million. Cash per share 18.25 dollars.share price 1.37 dollars.

During the first quarter of 2024, we concluded two follow-on equity offerings, generating aggregate gross proceeds of $13.0 million which increased our current cash balance to approximately $35.6 million.

https://www.otcmarkets.com/stock/CISS/news/story?e&id=2806734

Great price cash per share 18 dollars. Share price 1.37 dollars ..

Looks like the majority of the dilution will be behind us after Wednesday

I'm accumulating shares in the $1.40s for one hell of a monster naked short squeeze

RSI is clearly oversold and $CISS is due for a monster bounce/ reversal of trend

$CISS newbs quoting fundamentals on a Greek shipper...priceless.
That's why these dilution SCAMS never end it's such easy money for them with a never ending supply of bagholders.