Performance Shipping Inc (PSHG) News

No new info. Just waiting

Have some at $2.02. Will really load up if it drops below $2.00. TIA for any info you can get on the buyout. HAWK

Under $2 don't turn down any gifts!

Under a $2.00 and I will be loading up again. Made a little bit trading the pops. Looks like we will head MUCH HIGHER than $3.00, imho. HAWK

When you tender shares you are stuck. Payout may not come for months. Offer has already been extended and could be extended again. I'm with surf. Just hold your shares and add on the pullbacks.

Great question, one that crossed my mind. I'm fully loaded so I didn't bother checking it out.

Just curious. Could I buy PSHG now and flip it for $3.00 per share, or is there a date required for prior ownership?

Agree with that.

$3 is not enough - they are trying to steal the company - MAKE THEM PAY $4-$8 would be a proper range IMO

Tender Offer Terms PERFORMANCE SHIPPING I FTENDER OFFER EXP: 06/28/24

Since you hold ##### share(s) of PERFORMANCE SHIPPING I F in your account, you may choose how your holdings will be treated for this Tender Offer. We must receive your response by June 27, 2024, 7:00 p.m. ET.You hold #### share(s) in this account.

What Has Occurred

We're writing to let you know about an extended offer related to these securities.

Your securities:

·Performance Shipping Inc. common shares referenced above

¨Together with any associated rights and remedial rights

Offer type:

·Tender offer

Who is the offeror:

·Sphinx Investment Corp.

What is being offered:

·Cash at a price of $3.00 per security

·Please refer to the offering materials for additional details.

Options:

·Tender: Tender all or a portion of your securities.

·Decline: If you do not wish to participate, no further action is required.

¨Please note: If you instruct to "Decline" the offer, you will not receive reminders for this specific offer. If you do not make any selection, you will receive reminders, if applicable, up until the Schwab cutoff date.

Additional information related to this offer:

·The offeror may have the ability to acquire the remaining securities and/or delist the securities from the applicable stock exchange(s) through certain procedures detailed in the offering materials.

Important information about participating in corporate actions:



Offering materials: Please review the offering materials in full to ensure you understand the offer before making any decision with respect to your securities. If you have not received these offering materials or if you have questions about the offer, please contact:

·Innisfree M&A Incorporated

¨(877) 800-5190

Market conditions: Holders are encouraged to monitor the market conditions, prices, and events, as applicable, surrounding the securities involved in the offer. Participating in this offer may or may not be beneficial.

·It is your responsibility to fully understand the offer and the related events/securities to determine if you wish to participate in the offer.

Offer conditions: The offer may be subject to certain conditions, approvals, participation restrictions, and acceptance procedures as described in the offering materials.



Changes to the offer: The offeror may have the option to amend, extend, or cancel the offer.



Taxes: Holders are encouraged to consult with their own tax advisor regarding any tax implications of participating in the offer.



Note: Language and information in this notice is generic. Please review the offering materials (which may have terminology that differs from this notice) to ensure that you fully understand the specific details that apply to the current offer.


Submit Instruction To Schwab
It is your responsibility to ensure you submit instructions by JUNE 27, 2024,07:00 P.M. EST .

I'll check out the terms later. I have some errands to run. If I remember correctly it was for $3.00/shr (which I didn't accept, way to low)

You have a(n) Tender Offer for PERFORMANCE SHIPPING I F.

Your PERFORMANCE SHIPPING I F shares are subject to a(n) Tender Offer, which requires a decision. If you haven’t had a chance, please take time to review the terms of offer.

Review terms

Or go to www.schwab.com/corporate_actions.

If you decide to participate, be sure to submit your instructions online by June 27, 2024.

Thank you for investing with Schwab.

Anyone have an update on the offering? Having trouble getting into Schwab to get info. TIA for any responses. HAWK

I believe $2.20 is more than $1.60. LOLOLOLOL

Lol. Ain't no one getting out at that price. Unless you have 500 shares. Or GE selling on the way up.
Insides and PSHG swaping shares back and forth from theirs desks selling to suckers all day
Garbage back to 2.20s

PSHG hit $2.58 yesterday. I know that is much higher than $1.60 predicted on this board.

Lol I see this is still stuck like chuck.
The dumping never ends

Going much higher IMHO. HAWK

AmericanBulls has PSHG as a BUY. Just a FYI.

I agree. It cannot be held down forever. I keep adding on the pullbacks. HAWK

It is way undervalued. I meant how it's trading. Like it's capped.

Maybe, but the recent numbers and news tell me the stock is way undervalued. TWT if I right on this or not. HAWK

That offer may have screwed things up a bit

That's a good number. PSHG is very undervalued. Patience required. HAWK

Book Value $18.99

Flipping actually...

Hit $2.27 today. Getting close to a breakout. I believe the pps is quite a bit more than $1.60. Anyone with comments?

Agreed. Undervalued imo. I have a pullback target around $1.90- $2.00, worst case scenario. TWT HAWK

Still holding? Slow and steady churning here

$2.25-$2.30 looks like resistance. Very strong support at $1.70. Nice trading range. TWT

PSHG>>>>>> Hit $2.22 today. 4th grade math says that is .62 cents more than $1.60. Just a FYI. HAWK

Potential run to $2.60. Strong support at $1.80 area. Worst case scenario would be a drop to $1.70. Looks like the morons calling for a "crash" in pps got it wrong again. PPS hit $2.10 today. A 4th grader would know that $2.10 is MUCH higher than $1.60. LOL

Very strong at $1.80. Next worst case is $1.70. I doubt $1.70 will be hit. TWT. HAWK

160s bound

You have to learn to flip tight on the chart on this one. Don't get sour you missed it 😂

Still garbage churning here

Slow churn up here

Little more volume today good sign

Yeah let them bring it back down to 1 and then they buy again. Throw this pos in the ocean and let it sink

CASH balance end year 2023 was $68.3 million and $109 million in revenue . Not too shabby but this play needs volume for sure.

Our cash balance at the end of 2023 was approximately $68.3 million, reflecting a 72% increase from the 2022 year-end cash balance.

“As previously announced, in August 2023, the Company’s board of directors approved a $2 million share buyback program. Pursuant to this initiative, we repurchased 293,767 shares of common stock during the fourth quarter of 2023, totaling approximately $0.7 million. We firmly believe that this program is in the best interests of both our Company and our shareholders, and we intend to continue our share buybacks, depending on prevailing market conditions.

“Our impressive revenue generation of approximately $109 million during the last fiscal year is indicative of our ability to capitalize on the firm freight rate environment through the efficient operation of our fleet.

Lol that was the firework show. Now trickle down to 140s till june

I think you been smoking the LaLa...
PSHG is a pos scamming company worse than stinky pinks

Get ready...DIP B4 THE RIP🚀

I think the delay in the earnings report must have something to do with the buyout offer at $3.00/share

Lol.. what a POS here. 140s inbound

Rs by September mark this post

Er late as usual. ... more loans for more ship for more stock offering ls.
No Divy. Less than 60k shares bought from company and setting up for a nice greek summer on their yachts.

Hold the bag

Hocus pocus stats that do not matter or never effected any greek shipping company.
Never will it ever play fair or trade like a regular big board stock.

Float is 9.87million. Just needs more eyes here and another catalyst. $85 mill in CASH

Balance Sheet

Total Cash (mrq)85.4MTotal Cash Per Share (mrq)7.03Total Debt (mrq)117.12MTotal Debt/Equity (mrq)55.94%Current Ratio (mrq)N/ABook Value Per Share (mrq)17.23

Zzzzzzzz the offer will get pulled. GE will dump his shares and this will go under a dollar again. RS all over again . Tic toc

Even if the offer doesn't go through, they have bought back shares and mentioned they may continue.

Yes. $3.00/share, March 28th deadline

"shareAmendment No.4 to the Schedule 13D filed by the Offeror, Maryport Navigation Corp. and Mr. George Economou on August 25, 2023 (and amended on August 31, 2023.) "

"Unless the Offer is extended by the Offeror, the Offer and withdrawal rights thereunder will expire at 11:59 p.m., New York City Time, on March 28, 2024."