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You beat me to it….there is no Main Street Hotel & Casino in Cripple Creek, CO unless they chose to rename it yesterday.
Try selling and see what the best bid price you can get is….max .0004 at this point imo….
Likely another 10-12 million shares of dilution yesterday. OCTN getting ready for more today.
Another hack attack on the Third Bench website. Be careful trying to access that site.
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.
Actually, according to filings, if all the B and C warrants are converted, the OS share count will be about 28.5 million .
You knew the license fee with Barista’s Muchie Magic was never going to amount to anything despite the nonstop PR’s as it was disclosed in RLTR’s annual that only $428 was earned for the entirety of 2023.
The content production division only generated $11,000 in revenue , a far cry from their initial “estimates”.
Typical Barry.
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.
Why bother filing a 10-K this point ?
Save money on the fees as well as the audit fees.
In fact, it’s probably best not to say anything at all and then disclose how you were wronged in the upcoming TV series.
Took about six months for price to move from .0006/.0007 to
.0003/.0004 .
Targeting .0001/.0002 by mid November.
You folks still arguing about the exact same things from six months ago?
KEGS management has told you that a reverse split is going to happen by the end of the quarter (6/30). And some believe that is good for the stock and they are buying “all they can”.
Betcha that’s all hot air to convince some others by FOMO. The really mystery is how much discount to the reverse price will the stock price trade at when it does happen. 20%, 40%?
Stay tuned.
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.
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.