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The detox business is breakeven at best these days. Look at the NOP for past two years.
As stated before, the company is really in the business of finding undervalued properties, purchasing them, and immediately selling them to a third party and leasing them back. This is how they generate cash in order to pay Shawn his management fees and related/unrelated professional fees and expenses for the underlying business. Unless Shawn keeps finding new properties to buy and sell, cash has to come from somewhere, either the Leon family or from offerings.
All the other shenanigans are diversions to help prop up the share price . We know there is a minimum 745 million share overhang related to a Warrant Exchange Agreement that can be exercised several years down the road. Unless they swap it out yet again.
So if the company took delivery of the machine in 2015 as per the 10-K why does $500,000 that they paid to Ketut remain booked as Deposits on the Balance Sheet?
Overstates assets and Net Equity.
So the company has the machine in Massachusetts that they have paid a $600k deposit on and have had it since at least 2015 (even though the agreement to build it was in 2006), yet they are unable to produce any material with it and still have to purchase said material from overseas?
Makes no sense whatsoever. Am I missing something here?
Why the conspiracy theory already?
I have no beef, I just asked a question. The problem is on your end if you think otherwise.
Can someone fill me in or direct me to a post that describes the $600K deposit on a machine that will manufacture Insultex that has been on order since 2015?
I get it that they delayed the machine delivery due to the government lawsuit but who is Ketut Jaya? Or is that a company?
A lot of money tied up in a machine that hasn’t been delivered nor does there seem to be a delivery date yet.
Forget the “low float”…those restricted shares could come loose any at time and do even more damage to this stock price.
As of April 22, 2024, there were 37,924,003 shares of the Registrant’s common stock, par value $.0001 per share, outstanding.
Correction , preferred notes not preferred dividends.
New month means Canouse, et al will be dumping newly converted shares from their preferred Divys.
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.
More dilution right before close yesterday (8 million) and continuing this morning (so far perhaps 10 million shares).
Preferred shares (common stock dividends).
Annual - Late, is due 15 calendar days after the required due date which would have been April 15 (for the period ending 12/31/23).
It’s not from the date that LB filed…which was 4 days late on its own.
Will he pull the same stunt as WDLF?
BOD voted their executives some very rich pay packages for FY24.
Likely to make up for no bonuses awarded in FY24.
10-K is officially late….was due on 4/30 with the extension.
OTCN on bid/ask…3/4…..usually a sign of upcoming dilution….
BLR is near Angola, IN which was coincidentally where he was trying to convince the town to give him a loan to build a factory for Fiberboard. Another event that just dropped off the radar.
Most of the money imo went to buying and upgrading Buck Lake Ranch in Indiana. If you research hard enough you’ll likely find Marvin owns the entire thing even though publicly is described as a Liga asset.
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.
“Only 180 million shares” have been diluted since the reverse split. I keep reading on X has this is a low float stock.
Haha …now a little context. Pre-split this translates into 90 billion shares diluted.
Canouse and friends were about 1/3 of the way done before Fair and Rees defaulted on some notes which will add even more shares into the pile down the road.
If the deal closes then you will receive $2.75 cash + xx number of shares of CoStar. If the price of CoStar goes up versus Friday’s closing price then you will get a few more shares but will lose shares if price goes down.
Market makers will try and arbitrage the price, which is why it trades at a discount to the implied $5.50/share value. The current share price will narrow over the next few weeks as the market seemed to like the merger (CSGP stock went up) .
Most retail will just sell now to lock in a good % move and not worry if the price is going to tank if for some reason the deal can’t get done.
There could always be a second bidder in the wings willing to offer something higher (Zillow, Redfin) but my guess is it won’t happen because MTTR would have to pay a big break up fee to CSGP.
Buy out by CoStar Group @$5.50 .
$2.75 cash, $2.75 in shares of CSGP.
The restaurant is a breakeven business at best . You notice that the CEO doesn’t own any common shares, only Preferred E Class. He ain’t that stupid. Why would he own shares that will get reverse split?
Stock is for speculation only.
They still haven’t filed a late report for the report that was due on 4/15 for the quarter ending in February.
Nothing new!
Still the same 228 vehicles listed in the RM EV website.
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.
Finally pulled the trigger in the low 11’s today. Looking for a 2x-3x bagger over the next 24 months.
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!
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.
The long term liabilities are related to notes. Current liabilities involves direct restaurant and brewery operations, or it at least it should.
And since we’ve been beaten over the head about restaurant and brewery operations, I thought it was worth mentioning. Maybe not important to you, so I’ll give you a pass.
Seems to be a pattern if this is the same McLain….
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=120309885
Click on the link within the post.
Suggest you check out IGPK for more on McLain.
On July 18th, the Company and Brian McLain agreed to restructure their consulting agreement, which resulted in the cancellation of 625,000,000 shares of common stock and the issuance of a $200,000 convertible note. On March 1, 2024, Mr. McLain elected to convert the entire balance of his convertible debentures into 2 billion shares of restricted common stock.
Pursuant to the above-mentioned 3(a)10 settlement, Trillium has been issued an aggregate of 4,882,933,000 shares of the Company’s common stock to date of which 716,102,000 shares were issued after December 31, 2023.
In 2023 and through April 11, 2024, Chairman & CEO Thomas W. Scozzafava has invested into the Company approximately $1,117,484 in personal capital and shall continue to do so from time to time if necessary. In total, Mr. Scozzafava has personally invested into the Company approximately $1.37 million since 2020.
Also, I don’t believe the Balance Sheet is accurate. Almost impossible for Current Liabilities (Accounts Payable) for y/e 2023 to be exactly the same number as y/e 2022. I believe some numbers were plugged in since they had no clue how to get to the real number. Once it’s done with one number, easy to do with more categories. That’s why the statements are not audited.
660 million shares added to OS between Oct -Dec 2023.
Since then about 2.1 billion shares added to OS.
2 billion of that is restricted to a Brian McLain (consultant). Coincidentally there is a X pumper of Kegs of the same name under the handle of “cervixsmasher”. .
Hmmm….
Converting 250 million shares per quarter now. Like clockwork.
Converting about 100 million shares per quarter now….still no revenues.
Newly issued shares being added to the float is why stock traded 3x post split OS on Friday. More to come this week and the rest of the month.
For the most today’s shares are new shares being converted adding to this existing 1.953 Million OS.
Opened at $2.00, a full dollar below where yesterday’s close was.
Greek shipper stock 101.
Wonder if some traders will be fooled by the ticker showing a 6800% gain on some platforms this morning.
Outstanding Shares
185,809,230 as of 4/11/24.
Still not one EV truck sold from Randy Marion website. Remains at 228 vehicles.
https://randymarionev.worktrucksolutions.com
I think I called this pretty good. Turns out to be 195 million shares, 1:100 R/S. Bet ya the AS stays at 2 billion shares or at best is 1:10 (200 million shares).
Stock won’t hold $3 very long as MM’s know there is mucho shares to convert on future.
Company has already approved a reverse split if it does not meet Nasdaq compliance on price (6 mo extension just granted).
R/S ranges from 1:2 to 1:500.
AS remains at 2 billion. Lots of preferred stock that can be converted to common.
All this to pay Harry’s other company , IMPP.>
The 20 dma was a lot lower than the actual price a few days ago so there was room for profit taking. Don’t take that into account when I made the previous post. My bad. See what happens at the 11 support level.