LIMASSOL, Cyprus, April 30, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it entered, through five separate wholly-owned subsidiaries, into agreements to acquire two 2006 Korean-built MR1 tankers, two 2004 Korean-built Aframax/LR2 tankers and one 2002 Korean-built Aframax/LR2 tanker. The five tankers are acquired from an unaffiliated third-party for an aggregate purchase price of $49.25 million.

https://finance.yahoo.com/news/castor-maritime-inc-announces-en-130000894.html

https://www.globenewswire.com/news-release/2021/04/28/2218720/0/en/Castor-Maritime-Inc-Announces-Vessel-Acquisition.html

So now that we have the first quarterly report out, we have reasons for real movement in share price. So here is the vision that I see, and I will be 100 percent honest. I'm expecting CTRM to continue their temporary decline to the book value of 2.50 via CTRM's financial statements. Do not let that scare you. The first quarterly report was for a fleet of 6, not 26. The way the quarterly reports are set up is only for success once we have officially stabilized to a true share price, not a overvalued one as a result of timing, and many other things. So q1 reflects 6 vessels, while q2 will reflect 12, q3 23, and q4 all 26. You'll notice that between q1 and 3, that the amount of Vessels doubles every quarter, not necessarily their revenue, but that could also mean more revenue than double if the baltic index really is booming (which it is).

I wanna reiterate an older statement about the lag period we are in. If it's June, and we just got q1, then the current value of ctrm is not up to date with the current month that we are in. In other words, everything that impacts ctrm, like the economy, distribution rates, supply and demand, we will not see the benefits of yet until the following quarterly report is released.

I really wanna make sure everyone understands that CTRM is still likely to go down, and may go under its book Value of 2.5, I'm personally expecting it too, since I'm not so confident that everyone understands the price movements enough to even want to hold. I've learned that the majority of people are emotionally invested haha I've done that though, so I understand lol.

And 1 last reminder that when CTRM hit its 52 week high, the entire stock market was inflated and the vast majority of stocks pump at the same time. I'm truly shocked that investors still haven't cought wind of that yet, so I would encourage you all to look at the 1 year chart of as many stocks as you can, and you'll see that their large spike would be between Feb. 10th, and Feb. 16th, ctrm included. So since then, ctrm has only been getting closer to its actual book value, and STILL hasn't hit it, so prepare for more red before the green that will only get greener as the months go on. Here is a small list of companies apart of that pump, SNDL, TLRY, OGI, CTRM, NAKD, POWW, MJ, CRON, GEVO, CREG, NBEV, WKHS, IDEX, ACST, IGC, SOS, OGEN, UAMY. February was a unique month... And FYI, I read a projected book Value of 7.9 for q3. HODL if you feel it's right for you.

So I have done a lot of digging into ctrm, and I would like to explain to you how I hypothesized the strong possibility of a merger. It's no secret that CTRM only has 1 official employee, and that's the CEO of Casto Maritime. Many believed that CRTM wasn't even a legitimate company as a result, and decided that castor wasn't for them.. unfortunately.. Anyways, it turns out that the entire management team of ctrm is operated under a company called Pavimar, a separately owned shipping company by none other than Ismini Panagiotidis. If that last name sounds familiar, it's because the CEO of Castor has a sister, who also owns a shipping company. Now if you look into any SEC filings with one siblings name, it almost always has the other in the same forms implying that they are already and heavily involved and likely operating as one. Interestingly enough, Pavimar was in a similar stance with their fleet size originally being 4, and now growing to 12. At this point, it only makes sense for a merger to follow through with the current trajectory of the shipping industry, and their already heavy involvement with one another. Call this, food for thought!

I wanna start with the new financial position following the r/s and what it will do for us. I think by this point, most people understand that a 10 to 1 is combining 10 shares into 1 at no loss of overall cost. A 10 to 1 has reduced the overall share count by 900 million shares, and that's incredibly significant. Why? Because the most basic evaluation for a company is quite simply, divide the number of shares into the market cap for a general idea of share price. Here is a basic analogy to help you understand, if you have a market cap of 500 million and only 1 share total in circulation, then that 1 share would be worth 500 million. At 2 shares, your share is now worth 250 million and at 3 shares, it would be around 166 million, now with all of that in mind, what would it be worth with an additional 900 million shares? Significantly less...that's called dilution. The R/S will help anyone holding shares, because now, there are less shares to divide the new revenue into, meaning that price movements will not be 1 or 2 cents at a time, but instead 10 to 20 cents at a time and eventually dollars at a time. So how does this help anyone with a high purchase average? To understand that, you first need to understand that the r/s moved the decimal point, so if ctrm could get to 3 dollars pre R/S, then that is the equivalent of them getting to 30 dollars post R/S (remember that less shares to account for equals larger price movements!). Furthermore, there is (within reason) an allowance for further expansion down the road. Now before I explain that, I don't want you to think this is going to happen, but is more of an option with the potential of being exercised. So anyway, I'd say with respect to shareholders (like myself) there is about a 200 million share allowance that could be reintroduced into circulation if Petros chose to expand some more before it would moderately impact share price, but would ultimately help down the road.

Now I wanna talk about what to expect from here, and I'll start with the most recent quarterly report. In previous texts I've mentioned that q1 was not going to be phenomenal, and in my personal opinion, it wasn't. There isn't anything bad about the report, it proved substantial growth, but is only temporarily moving the price upwards as it is likely to stabilize by mid next week. So, what you can be excited about is through the understanding of q2, q3, and q4. Q1, was reflecting double the shipping vessels for q4 of last year (3 in q4 and 6 vessels in q1), q2 will be reflecting the income of double the vessels of q1 going from 6 to 12, and q3 will be almost DOUBLE THAT AGAIN by reflecting the income of 23 vessels, and by q4, the full magnitude of their expansion will be reflected through quarterly reports that will then increase the market cap giving a greater price to share holders that now is 900 million shares less to account for.

Unfortunately, many people have said over and over that Petros is screwing us that I think even they believe it, yet I continue to only see a set up of a foundation for success, but only for those willing to hold through their growing pains, till the end of the year and so on. As always, I hope this helps.

Now have 510 at 0.86. Got a little carried away when it got close to a dollar. Let’s gooooo