C3is Inc (CISS)

[Jaxxm]

CISS skyrocketing after hours huge news out

[Smilin_B]

Back in $1.79 after having sold at over $4 per share when IMPP spun this off.

Imagine if everybody just held? They would need $400 per share to be at break even LOL

So basically I'm back in at $0.0179

[chumfm]

That was before the added shares and warrants.They knew when the RS was going to take place and exploited that opportunity.Leaving the shareholders with nothing in return.It now will be an uphill struggle to get back to square one.Good luck and good trading.

[Jaxxm]

Cash per share 15 dollars share price 1.80

[Jaxxm]

Loaded some

[chumfm]

Totally expected.This will drift back down into the 1's.People had their chance to bail in the 4's,four cents,before the RS.Now the long and winding road ahead is rocky,to say the least.Good luck and good trading.

[tigerpac]

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.

[Disquisition]

UNIMAGINABLE DUMPING

[tigerpac]

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.>

[chumfm]

It happens man,sorry to hear that.With so many companies and numerous filings everyday,one has to be on his game.Good luck and good trading.

[al dean]

Thanks for the info. Lost big on this--didn't pick up on Nasdaq notice to Ciss of deficiency last August. Time ran out. Ouchie !

[chumfm]

Won't hold 3 dollars for long,post split.Good luck and good trading.

[chumfm]

Next numbers will look good when this drops to 10 cents after the RS.That is when they increase the share count again for even more dilution.Good luck and good trading.

[ErnieBilco]

It is what the Greek shippers do to artificially inflate their pps. Boats float but this sht stinks damn dirty olive oil people.

[chumfm]

There you have it,a 100/1 RS.Yet another dagger to the heart.This year alone there has been over 200 RS,most in the 100/1 to 150/1 range.We are only mid way through April,WOW.There is no end in sight and no help for the common shareholder.Good luck and good trading.

[al dean]

this is so under valued, even as a shipping stock, it's way too low. They had a great earnings quarter as well. As volume tapers off, the shakeout is nearing an end --as I see it.

[Jaxxm]

Come on 35 million dollars cash market cap 6.7 million dollars extremely under valued

[chumfm]

This should be at least 8 cents per forma.It will drift back down to 2.5 cents before going back up.Good luck and good trading.

[tigerpac]

Most shipping companies trade at about 20% of there NAV because of huge amounts owed to pay off purchase of the vessels. In CISS case, they pay Harry V, the owner of sister companies IMPP and GASS. He and his family are making the most money at the shareholders expense. Of course he hopes someone pumps this up to the stratosphere so he can do another public offering.

[Jaxxm]

CISS~100 MILLION VOLUMe 30 CENTS SHARE PRICE POSSIBLE., 35 MILLION DOLLARS CASH NO DEBT

[tigerpac]

If you truly understand the financials then you would know why the stock is trading for less than a nickel.

[Jaxxm]

CISS imazing financials, monster 35 dollars cash no debt...

$CISS trading at 0.04
Based on the current fleet market value, our Company’s net asset value is estimated at $50.45 million3, or $0.31 per share, which represents approximately 10.3x our current market capitalization.https://t.co/lxbWDBoGtP pic.twitter.com/MgkLa2Z6jN

— TheBull (@TheBull_Stocks) March 27, 2024

[Smilin_B]

This was a really nice swing trade.

I'm my case from $0.0301 to $0.0455 today

I just don't trust this shipper's management team and expect another RS to get it over the $.10 and $1 minimum bid required by NASDAQ

[Smilin_B]

Very active on the forums. I have provided quite a bit of DD as well. Thank you for yours.

[Anite]

This company's capital structure comprises of no bank debt and a strong cash balance standing at $35.6M. This company also concluded 2 equity offerings in Q1 2024 with a gross proceeds of $13M.
Currently, the stock sits at <$0.05/share. Diluted EPS for the fourth quarter of 2023 was $0.25, which is 733% higher than the Company’s stock price as of March 22, 2024. Based on the current fleet market value, the Company’s net asset value is estimated at $50.45 million, or $0.31 per share, which represents approximately 10.3x our current market capitalization.
I see a preliminary target price of $0.25/share (+500%) which is still lower than their net asset intrinsic value (NAV). I will study where other dry bulk carrier companies like when it comes to multiples vs. earnings per share.

[TRADER99]

Nice expected move

[Invest-in-America]

CISS: Likely the hands-down winner of this day --- and at a SHOCKINGLY-low price, to boot

[TheFinalCD]

$CISS EARNINGS OUT AND STOCK UP

[Monksdream]

CISS 10Q due 3/26
Next day settlement begins 5/28 per SEC mandate

[Smilin_B]

@Trader_Burned @Beefymcwhatnow_

$IMPP spun off $CISS and $CISS was trading in the $5 range and then it started heading south. Most $IMPP shareholders received the spin-off shares and the intelligent ones sold within the first 24-48 hours of $CISS publicly trading. I got out slightly over $4 so to be back in slightly under $0.03/share especially when the latest round of finances received their shares at $0.05 with warrants that are not exercisable until the stock hits $0.075. Coupled with the fact that $IMPP still holds an approximate 75% of the shares outstanding - appears to make this stock a no-brainer. What really boggles my mind is how can we have already violated the terms of our previous 180 day NASDAQ extension simply by trading below $0.10/share for 10 days? Where was that ever mentioned in the previous threat to delist? And why the hell with the NASDAQ have $CISS ring the opening bell this past Monday when they are threatening to delist us?

[TheFinalCD]

$CISS C3is Inc. Announces Closing of $6.0 Million Underwritten Public Offering
https://www.globenewswire.com/news-release/2024/03/19/2848840/0/en/C3is-Inc-Announces-Closing-of-6-0-Million-Underwritten-Public-Offering.html

[tigerpac]

379,000 share block trade after hours (sell) amongst many other smaller block trades. My feeling is this stock price will continue to trend down towards 2 cents in the coming days.

[Pt3]

We need RS or apeal news by Friday And Monday run or Friday

[81vette]

news out,offering is closed

[tigerpac]

After offering and assuming underwriter exercises his overallotment, OS increases from 42 million to 182 million shares.

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.

[Cubanwinner]

I will get some more here at this level. she may run up to $0.05 this week. hoping that 0.08 popped.

[TrendTrade2016]

ARCA NOW STACKING THAT ASK

[TrendTrade2016]

EDGX STACKING ASK WITH ARCA BIDDING

[TrendTrade2016]

CISS ARCA BOXING HERE...IS THAT .076 PROGRAMMED INTO THE ALGO PROGRAM

[TRADER99]

That's the way I see it too.

[Zorro]

You know they will try to get this over a nickel. So anything bought today should be a double

[TRADER99]

Could be a good lotto

[Smilin_B]

C3is Inc. receives a delisting notice from Nasdaq due to its common stock trading below $0.10 for ten consecutive days. The company appeals the decision and will continue trading under the symbol 'CISS' during the appeal process.

"In response, the Company is appealing the Nasdaq Staff Determination by requesting a hearing before a Nasdaq Hearings Panel, in accordance with Nasdaq Listing Rule 5800 Series procedures. The appeal initiates a stay on the delisting of the Company’s common stock until the Nasdaq Hearing Panel’s decision, with hearings are typically scheduled 30-45 days after the hearing request. Throughout this process, the Company’s common stock will continue trading on the Nasdaq Capital Market under the symbol “CISS.”

[Smilin_B]

The offering consists of 120,000,000 Common Units or Pre-funded Units, each consisting of one share of common stock (“Common Share”) or Pre-Funded Warrant, one half of a Class C-1 Warrant to purchase one Common Share at an exercise price of $0.075 per share (or 150% of the price of each Common Unit sold in the offering

[Smilin_B]

In $CISS .03

[Zardiw]

Half that...........

Z

[ErnieBilco]

Priced at a nickel weeeeee crash, burn, over

[Zardiw]

$CISS Unbelievable.....120M offering....Jesus F*ck..........

Z

[Smilin_B]

Well it looks like $CISS finally broke out underneath the nice support channel that was forming in the $0.09 area

What a shame for all shareholders that had faith in this company the ability to turn it around after their last capital raise.

I will be watching this one on a daily basis but so far, chart-wise, I just don't see a reason to enter the trade

[Smilin_B]

I still haven't taken a position here. I just don't see a reason to unless we have an outside day on relatively high volume. I don't mind paying up for the shares if I see a decent candle on volume. Otherwise, it's just going to trend sideways to down until a couple of whales come in here to run it