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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
$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
— Zack Morris (@MrZackMorris) April 17, 2024
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,…
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
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 ..
$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.
Glad i was out pre R/S. This is not looking good at all. Already lost 50% post R/S..Ugly!!!
Doesn't look like it's sky rocketing too me.They announced before the RS that they were increasing the share count.They did 3 share and warrant increases prior to the RS.That is why they reported the numbers early to trap unsuspected buyers.This is heading down and will settle around a buck.Good luck and good trading.
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.
We traded nearly three times the float on Friday.
Hopefully the bottom is in. If not, just need to slowly scale in and within a couple of days, everybody should be at a decent profit (those starting positions in the $1.70s)
*UPDATE* Iran says 'the matter can be deemed concluded'
https://www.forexlive.com/news/iran-says-this-matter-can-now-be-concluded-20240413/
can IRAN be trusted?
You ladies and gentlemen paying attention to what's about to jump off between Iran and Israel tomorrow? If these drones start launching weapons of mass destruction into israel, the entire oil sector is going to skyrocket and this includes the shippers
Yeah I didn't post my particle buy execution and subsequent sell of those shares
I also managed to pick up a much smaller position of only 1,000 shares 3 minutes before the 8:00 p.m. cut off at $1.77
Hopefully they will be a gap up on Monday. Love the volatility on this beaten-down name. Trading RS's on day 1 of the split certainly gets the heart rate going
nice trade...
math just looks off
3k shares x.30= $900
at any rate nice quick flip
enjoy
Shorts should cover this can go 20 dollars
gave back all the gains
$CISS - Ensuring more dilutions to come by buying another bulker from an affiliated company with delayed payment terms. 🤡 pic.twitter.com/l3X5BAWGuK
— Chris Shipping 🚢🚢 (@christankerfund) April 12, 2024
nice timing if sold the POP on news
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