C3is Inc (CISS)

[Smilin_B]

$CISS - according to our CFO, as of April 30th the OS was 5.87 million shares. Now of course that share count has probably been increased by approximately 4 million shares due to warrants exercising, but that is just my estimate.

Getting back to the meat...

At $1.26/sh = a market cap of $7.4 million dollars

CISS generated $5.6 million in earnings in the last quarter of 2023 alone

During Q1 of 2024 we had two equity offerings which produced $13 million in cash bringing our total cash balance to $35.6 million dollars

We have a net asset valuation (NAV) in excess of $50.4 million dollars

These are the reasons why I am long with a $1.28 average and have a price target north of $2/share

Q1 earnings will be out at the end of this month and I anticipate them to be in line or exceeding Q4 earnings