C3is Inc (CISSV) Share Price

CISS POST RS TAKING OFF

CISS...78...🥳...Post Split...Float under 4 Million...coming off the bottom here...

CISS, new 52 week low

Actually effective 11:59 PM on 12/31. Adjustments will show on first trading day of 2025.

CISS announces 1:2.5 stock split effective 12/31/24.

So happy I dumped this shit show and $IMPP a while back

$CISS went sub $1

Where is your 52 week low analysis? 

Lololol

Pure genius

CISS new 52 week low

Watching both $CISS and $IMPP move up over their resistance areas, is the equivalent of watching an oil painting dry underwater

Ciss trickles downhill….

$CISS mentioned in $IMPP's Q2 Earnings Release

OPERATIONAL AND FINANCIAL HIGHLIGHTS FROM Q2 & 6 MONTHS 2024

Looks like $CISS (C3is) paid Imperial Petroleum the $39,000,000 owed from the sale/purchase of the aframax tanker Afrapearl II. This brings $IMPP's total cash on hand to nearly $190,000,000

Not having a shareholder Q&A segment at the end of our earnings conference call, is and will continue to be the reason for distrust in management and the continued lackluster performance on the shares

-6.2% on a stellar earnings report after trading sideways/down ahead of it.

Some things make zero sense

$1.50's in the pm. Q2 earnings are out.

at 11:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook.

Slides and audio webcast:

There will also be a live and then archived webcast of the conference call, through the C3is Inc. website (www.c3is.pro).

Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

Please note that this will be a listen-only mode presentation.

Nice percentage gain (7.35%) today on decent volume

Still no news whatsoever out of C3is or Imperial Petroleum

Where is the news whereby C3is has paid Imperial Petroleum $39 million dollars for the afromax tanker they purchased last year that was due on the 14th of july?

Bought into this yesterday. Let's see how far this baby can go.

It's pretty incredible the silent treatment that both $IMPP and $CISS investors are receiving from Vafias

Quite disturbing to say the least

I don’t think CISS would be the one who would do the PR. I’m actually surprised that IMPP hasn’t PR’d that as it supposedly increases their cash flow. IMPP had also collected an addition $70 million from the sale of two other Aframax tankers to the Chinese.

The problem here is that Imperial has acquired many of their vessels directly from the Vafias family at prices well above prevailing market rates (shareholders are essentially paying Harry the difference) and eventually selling them to new buyers where Harry (not Imperial) also gets the commission and back end perks.

Harry has been converting his Class C Preferred’s into common shares at the same time the company has been repurchasing shares and warrants.

The same scenarios hold true with Ciss. Harry gets his sure cut up front while investors have to ride the wave of uncertainty due to market conditions.

As long as it works for the Vafias family, they will continue to skim the cream off the top of Ciss and Impp (and likely Gass as well). Shareholders hold all the risk in these stocks.

Wouldn't the $39 million dollar payoff payment to $IMPP have been a press event by now?

I see nothing whatsoever

There was never a press release concerning the full payment for the afromax tanker purchased off of Imperial Petroleum last year. That payment was due on the 14th of July yet we received no news
..

When could be the next press release?

So... Where is the news whereby C3is has paid Imperial Petroleum for the afromax tanker they purchased last year that was due on the 14th of july?

Yes and today is the 15th

CISS had to pay IMPP $38.7 million by July 14, 2024 for the purchase of the Aframax tanker a year earlier.

ciss showing signs of a big move up soon on charts. could see news about purchase of new ship next week. on watch

CISS should be watch for news soon about a purchase of another ship for there company . we expect this news will be great for this stock when it happen for we see huge increase in revenues in late 2024.

A different ship than the one Harry Vafias fleeced them on?

CISS could be heading upward in coming weeks. we are hearing they will announce a new ship they bought soon. this company should see increase revenues going into late 2024 .

They need their present cash to make the $39 million payment to IMPP in July. Not enough money left over for a buyback at this time.

CISS we are hearing may announce sometime this week of a major buyback stock plan . putting this stock on huge watch later this week

I think traders are losing interest in this ticker. Sub 1.40’s on the horizon imo.

Think one needs to wait until after they pay IMPP $39 million balance for Aframax tanker (in July) to see if they will plan on raising more cash thru private offerings.

Just starting seeing this begin to trend a bit in my Stocktwits feed. People seem to be hyping up because of strong revenue numbers and institutional buying. Anyone else here still in long or in to make quick profit from it if it does, as new investors are assuming, skyrocket?

It's just a matter of time before we head up over the 50 sma and stay above it.

$CISS

We hit $1.97 or so in the pre market then crashed to $1.66 during the session prior to trading in the $1.80s

Chart setting up for a nice trend reversal.

Too many positives to post here and too difficult to post annotated charts using Ihub's mobile app. They need to get with the program

This needs to be known by those who still believe that this company will dilute their shares, please look at these charts and filings. Fintel reported that before May, barely any institutions owned this stock, but during May the institutional ownership shot up by 16x and reaching 1.6 million shares which is 27.8% of all shares. These shares are also all longs which means they are in it for a profit.

https://fintel.io/so/us/ciss

Now if you thought that was impressive, check the SEC Edgar database under the SC 13G and SC 13D. In May alone, insiders also bought up over 3.3 million shares which is just over 48% of all shares.

https://www.sec.gov/edgar/browse/?CIK=1951067&owner=exclude

Now why would they dilute it any further and reduce the value of their own shares? I seriously do not understand the argument. They had a great earnings report and are confident in their own stock. Any dilution that may have happened was to purchase a new boat and bring in more profit.

People also bring up IMPP being a sister company because their CEO is involved in CISS but even IMPP has been rising steadily in market cap and price now despite not even having much institutional ownership. I believe most new companies go negative in the beginning and start rapidly increasing in value and profit after the initial funding. CISS should be following the same route and will hopefully regain the market cap and prices it once had.

Thanks for doing so

And naturally it closes towards the lows of the day.

The X posts are useless because it seems to be mostly bots . Same with Discord.

Chart looks good with higher highs and higher lows. Would like to see it close at HOD for run to continue imo.

I added 5k@ $1.78 to the lots I own at $1.28 and $1.53

I'm seeing the bigger picture here... The macro view of what's coming over the very short term

$3+ minimum

Volume today is through the roof.

Unfortunately I don't even know why I'm posting here because there's nobody here..

I think I'm going to average up on my position if this goes any lower than $1.80 today

It's amazing that I am the only one posting when elsewhere there are thousands of posts

The volume of posts on Ihub have really taken a hit

Sad

Looks like we hit $2.20 in the pre market and have been bouncing from the $1.80s to the mid $1.90s on volume of 15.45 million shares thus far at 12:25pm est

I don't believe shorts have taken notice yet.

That won't happen until around $2.50 - $3.00 level as they are a very stubborn and greedy lot.

Looks like we make a push to that end in the earlier part of next week.

Good luck traders

I believe we hit $1.91 in after hours prior to profit taking ensuing, driving the shares back down into the low $1.70's

Resistance is clearly $1.94'ish and I'm sure shorts will try to scare the bulls by putting up large orders on the offer at $2

Bulls will simply have to lift those offers and I'd imagine once that level is breached, shorts aren't really going to be scrambling to cover. There will be a grind back and forth probably approaching resistance at $2.30 and then perhaps a sell-off right back down to the $2 level prior to several days grinding sideways before another retest of $2.30 occurs. What is quite perplexing to me is that this stock should have gapped up and ran hard when earnings were announced pre-market. I sat in on the conference call which was around 11:00 a.m. I believe. It was absolutely amazing. I won't get into the particulars but I did post the transcripts of the call here. A replay is available on the corporate website. I would love to post a chart here that I annotated but it's just too much of a pain in the ass to post charts via the mobile app. It's almost impossible. You have to launch a separate web browser then login on a web browser then go to the gallery and then upload the picture and then copy and paste the code and then come back to the app and paste it here. I have no idea why this website is so antiquated for something so simple. In any event, I think it's going to take most likely several more sessions to breach the $2 level and this will most likely occur by Tuesday and perhaps a test of $2.30 by Wednesday. Not really anticipating the company dropping any news as they just laid it all out there on their q1 earnings report.

By every single metric, this stock is grossly oversold. We have plenty of cash to pay for the afromax tanker in July and we have a solid year to pay for the most recent acquisition, meanwhile we will most likely be pulling in nearly double the $5.6 million we pulled in, in Q4 alone. Can't believe we are still trading sub $2 with a market cap below $9.7 million dollars, a micro float, short interest over 45% and climbing, the reality that the majority of these warrants have already been converted and exercised based upon the average daily volume weave seen over the past several weeks. There simply is nothing holding the stock back other than naked shorts that are so stupid to beholding their positions for such a long time. We are definitely going to have a bull run on the stock and naked short covering is just going to fuel the fire. I could see us gapping up and running clear to over $3 per share on the day that happens.

Rest easy this weekend bulls. The tide has indeed turned...

Is the short squeeze finally starting?
If we open over $2 tomorrow shorts will feel the pain

May 2025 is a solid year away and with did the addition of the new tanker, their quarterly revenues could potentially double to over $12M/qtr

We still have a market cap of less than $9.8 million dollars, trading sub $1.70/share.

By every metric anyone can throw at it, the shares themselves are extremely undervalued and with the short interest as elevated as it is, it's not going to take much but it break through the $2 - $2.50 level to cause some much needed squeezing.

I wish there was an easier way to post charts here instead of going through the antiquated system. This website needs to get with the times and be more like the twits site to make it easier to do so, especially through the mobile app.

I think the market’s concern is that after the $39 million payment for the Aframax in July, that will leave the company with probably less than $8 million (accounting for cash flow Apr-Jul) and it will be repeat, rinse, repeat in raising cash for the May 2025 payoff of the newly acquired ship thru another public offering.

We believe that our capital structure comprising of no bank debt and a strong cash balance, currently at over $40 million, will further enhance our Company’s ability to fund selective vessel acquisitions following payments of the remaining purchase prices for our Aframax tanker and our handysize dry bulk carrier.
We also aim at diversifying our fleet so as to have more impact on long-term profits via re-weighting of exposure to different segments, thus allowing stronger segments to bolster weaker ones, and smoothing returns over time.

I sold slightly higher than $1.80 in the pre-market session, before most trader brokerage accounts allow them to trade. My account allows me to trade from 4:00 a.m. while most brokerage accounts make you wait until 7:00 a.m. . In any event, I sold a partial position because I was not certain if we were going to Gap and run after earnings were announced. So I added the same amount of shares that I sold much higher, back in at $1.55 and $1.56. I listened to the earnings conference call and it was pretty amazing. Unfortunately there was no question and answer segment for whatever reason and I'm not sure if they're is any institutional coverage or interest at this time. I definitely was not expecting the share price to actually sell off down to the low $1.50s due to the elevated short interest but these shorts are extremely resilient. Insider purchases were filed a week or so ago to the tune of about 650,000 shares, indicating that insiders feel the share price simply drifted far too low.

Q1 earnings were stellar yet I have no plausible reason for why the shares or not reacting positively. I'm just going to assume that retail investors got a bit of ahead of themselves in purchasing in the $1.60s- $1.70s last week and even higher in the free market session this morning and they most likely stopped out out of pure frustration.

Their loss is my gain. As Q1 earnings news gets digested and disseminated over the course of the next several days, perhaps they will be renewed interest in the shares moving forward.

So yes, this will be another swing trade for me.

I'm in the middle of a couple of other trades so difficult to break down the numbers but I'm sure the post above should answer anyone's questions