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Yes I wasn't really familiar with who the CEO was and then I watched that video and he indicated that the market capitalization of the stock should increase by a factor of 5-10x
Now I'm not certain what the share price was at the time that video was made but think of the possibilities if we actually have a $150M - $210M valuation on our hands from present levels?
My account has been restricted to only three posts per day otherwise I'd love to have a more robust back and forth communication on the topic. If anybody wishes to attempt to place a fair evaluation on the common shares, I'd love to hear it. In that video he also stated that insiders were prohibited from selling for a period of around 2 years and that certain shareholders were ineligible to sell for a period of 12 months.
I'm long over 1M shares at $0.02
and have no intentions of scalping out of this anytime soon.
This could catapult into the stratosphere if marketed correctly
If advisors feel that the Enterprise value of NFTM will be between $150M - $210M then my question is, why did the CEO state in his video that the share price should go up only 5-10x?
That makes extremely little sense considering the present market cap of the BABL shell
$CISS only has until Feb 20th to regain compliance with the NASDAQ minimum $1 bid rule or face being delisted
They may be granted an additional 180 day extension prior to the 20th
C3is Inc. Announces Receipt of Nasdaq Notice
Source: GlobeNewswire Inc.?
C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated August 24, 2023, indicating that because the closing bid price of the Company’s common stock for 30 consecutive business days, from July 13, 2023 through August 23, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until February 20, 2024.
The Company intends to monitor the closing bid price of its common stock during this grace period and will consider its options in order to regain compliance with The Nasdaq Capital Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period.
Yes BABL appears to be at the very beginning stages of a trend reversal.
Volume is close to 800k shares as we trade close to $0.03/share.
Looking forward to an update from the company concerning a ticker change approval to NFTM, but so far nothing.
If/when that occurs,we'll skyrocket out the gates into double digit-land
From June 21, 2023
$IMPP spin-off of $CISS
Imperial Petroleum Inc. Announces Completion of Spin-Off of C3is Inc.
Source: GlobeNewswire Inc.?
Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, today announced that it has completed the spin-off of its previously wholly-owned subsidiary, C3is Inc., the holding company for two drybulk carriers, effective June 21, 2023.
Imperial Petroleum stockholders and warrantholders received one C3is common share for every eight shares of Imperial Petroleum’s common stock (“Imperial Petroleum common stock”) owned, or in the case of holders of Imperial Petroleum’s outstanding Warrants that they have the right to purchase pursuant to Warrants owned, at the close of business on June 13, 2023 (the “Record Date”). To the extent the distribution would have resulted in any shareholder owning a fractional C3is common share, such fractional shares will be aggregated by the distribution agent into whole shares, sold in the open market at prevailing rates and the net cash proceeds from the sales distributed pro rata to each holder who would otherwise have been entitled to receive fractional C3is common shares in the distribution.
Imperial Petroleum will retain an interest in C3is Inc. through its ownership of Series A Convertible Preferred Stock of C3is Inc., which was not distributed by Imperial Petroleum in the spin-off.
This happened several times over the past couple of weeks, and only in after hours.
Someone juices it, creates a trading frenzy and then it typically sells off the next day.
We will see.
Keep in mind that $CISS shares were spun off from it's former parent company Imperial Petroleum ($IMPP) and opened in the $5 range. Most of us that received CISS shares, sold them in the $5's and $4's prior to the complete annihilation of the shares including the most recent dilution that chopped CISS share price by more than 50-60%.
My money is on IMPP for the longer term but I'm block trading CISS loading near the $0.12 support and selling when these shenanigans occur in after hours. Seems to be working so far.
Not certain but I sold several hundred thousand between $0.165 and $0.171
I bet this forum will begin to get a bit more active if and when we ever break through the $4 resistance level. That is absolute true resistance. And if our CEO chooses to no longer perform dilutive capital raises, and keeps the share structure intact then we have a decent shot at heading back to the $5 - $6 level where institutional investors might find us more attractive
I just don't think anyone understands the internal share structure of this company and the massive amount of dilution that just occurred. Most got destroyed as most on this much much higher than $3 per share. This was a spinoff from $IMPP many months ago and as soon as it started trading in the $5 and $4 range, most of us sold our CISS shares. But right around January 19th or so when it collapsed into the $0.11s, I bought a huge block at $0.121 and took liberties in selling it this week at a $0.174 average.
May seek re-entry if it heads back to the $0.12 support level next week.
It's on my radar for another trade. Sometimes these things just wither away and die also - so we need to focus on the viability of this company moving forward without additional Capital raises.
These Greek shipper CEO's are real pieces of work
More pullback today down to the $3.30s
Not everything goes straight up. You have to have profit taking along the way. It looks like profit taking is on much lower volume than when we are pushing up.
Looking forward to a re-test of the mid to high $3's in the days to come
Quite the buzz in here over the last couple of days.
Now it's *crickets
$CISS was a beautiful high percentage short-term trade for me today as indicated in my last post here.
U all realize that $IMPP spun off the $CISS shares and most of us sold our $CISS @ $4+ per share prior to the complete annihilation of the stock due to diluted capital raises.
$IMPP I have been long and will continue to hold
$3.30's and $3.40's today.
Building nice support over previous $2.92 and $3 resistance
No one has any idea what's going on
How does this appear to be fake when it was an email that I received directly from crypto.com?
Please explain
I'm thrilled to share that I read this post and that I am going to proceed to take a nap
This stock absolutely has to be one of the worst investments I have ever gotten into
I'm in at .121 just for a short term trade. I've never read such convoluted terms in this latest press release on the capital raise, in my life.
I don't think anyone understands them.
But these Greek shippers are notorious for performing diluted Capital raises at the expense of shareholders. I feel terrible for anyone that did not sell this when it was in the $4-$5 range on conversion of IMPP shares. I dumped my $CISS over $4 and used the proceeds to add to my IMPP position. I'm down on IMPP of course but over the last couple of months, the chart has really made a substantial U-turn with share BuyBacks and so far the company has not come to market to raise capital as they are flush with cash. We will see if the CEO
of IMPP stays true to his word as the stock is grossly undervalued. As far as CISS, you need a PhD in stock finance to understand what the hell that last press release was all about
-69% this morning
Whoa!
Nothing quite like the smell of dilution in the morning. Glad I steered clear of this one.
May trade it for a bounce
$0.37 now
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And here we go back through the $3.20 resistance area
Seems like we smoked out most of the day traders and hopefully resistance becomes new support
Buy back shares with what cash?
I have yet to even look at my Schwab account since they took over TD Ameritrade.
Why is it nearly impossible to ACH money? When I had Ameritrade, an ACH transfer would take approximately two business days.
Is Schwab utilizing their own proprietary trading software or are they still incorporating think:or-swim?
Like I stated in my original.post, I haven't been following this company or it's stock in over 2 years. Made tens of thousands trading it amongst GME & APE but haven't followed it since. Seems too MULN'ish with a cult following of suicidal shareholders deep in the red
There has to be more than just Bond holders holding debt. When I refer to debt, I'm talking about anyone that has ever lent the company money in any capacity, whether that be from "factoring", institutional lending at every level, convertible debentures etc etc
This is one of the ways I was attempting to reference in my prior post by converting bonds into equity and then dumping that equity into the open markets to pay themselves back
Companies issue new shares or sell off existing shares for a variety of reasons. One of the most common reason is to raise capital. By selling ownership of the company to investors, the company can raise funds that can be used to invest in new projects, expand operations or in this case to pay down (service) debt.
Well if they don't utilize common shares to service debt than what other options do they have in order to survive?
How are they going to pay their creditors?
I honestly don't follow AMC stock. I used to trade it.. I'm just going to assume that they're using their stock as a form of cash to service their debt. I could be completely wrong but looking at that chart, it certainly seems like the case
I went to the movies on Saturday and it was just me, my girl and two other people, in a theater that holds 350 people.
AMC kinda sucks
Let's bust through $3.20's this week
Yes it's getting crazy. During covid shipping rates were up 15x
Guess we will see how this impacts Imperial petroleum's Q4 earnings when they are announced.
I'm hard-pressed to think that this CEO will perform any type of capital raise with the amount of cash we have on hand from the last one. We are trading at a ridiculously low multiple
Hopefully all of the short-term traders have locked in their gains and trailing stop losses have been triggered by today
"they" traded it all the way down to the original prior resistance level which was exactly $2.92
Glad I sold this slightly over $4 per share.
I'm long IMPP
ANYONE INTERESTED IN A DISCUSSION?