C3is trades far below its cash: about $48M on the books against a float of roughly 1.5-2 million shares implies $24-32 a share, yet the stock is near $1.5, and the company is now profitable. It was a dilution machine while acquiring its fleet, but the story looks to be changing. Short interest is 55%, cost to borrow 146%, few shares remain to short, and institutional ownership rose. About 450,000-500,000 warrants at $1.51 and $2.44 remain, making $2.44 the next target. x.com  x.com  x.com  x.com  … Show more

Castor Maritime's controlling holders want the share price as low as possible for the Series D conversion, so they can dilute out minority shareholders and take full control. @valuehunter22 thinks the $0.30 conversion floor is a typo that the 10x reverse split should lift to $3, but it is likely no typo and is the scam itself. Repeated letters to the company have gone unanswered. x.com 

Bakkt's history of pivots, reverse splits and dilution makes it far likelier to go to zero than to become a legendary multibagger. Through each iteration, investors are assured this time is different and it is a whole new company. Occasionally such companies pull it off, but usually they do not. x.com 

C3is is likely to run another round of death-spiral financing once its new shares lift the market cap enough to repeat the process. Class F holders converted and sold zero-cash-exercise shares, getting four for each warrant, so the real conversion price was a fifth of what it appeared, and the company could again find a way to 10x the common share count. Per @ej23ny, the CFO said $48M on hand covers $38M of January payments, with $26M of annual cash generation. x.com  x.com  x.com  x.com  x.com  … Show more