PSHG Performance Shipping Inc

$PSHG The annual meeting voting is now active. It is useless, as the supershares (x10), as usual, allow them to control the outcome. Here is an excerpt from the proxy: The Company has issued and outstanding 12,432,158 Common Shares and 1,423,912 Series C Preferred Shares. Each holder of record of Common Shares on the Record Date at the close of business is entitled to one (1) vote for each Common Share held. Each holder of record of Series C Preferred Shares on the Record Date is 6 entitled to a number of votes equal to the number of Common Shares into which such holder’s Series C Preferred Shares would then be convertible, multiplied by 10, or approximately 185 votes for each Series C Preferred Share. Here is the math: Series C Preferred shareholders are entitled to 185 votes per share. 1,423,912 Series C Preferred Shares outstanding: 1,423,912 × 185 = 263,423,720 = 263.4 million votes = 95.5 % For comparison, Common Shares have 12,432,158 votes.

$PSHG This stock is controlled by its owners. They never pass on earnings to investors no matter what good news you think will move it, or how much profit it makes.

$PSHG Doing some DD and the numbers don't make sense to me. This seems extremely undervalued based on its net asset value and revenue secured over the next three years. I wonder if the market is discounting it because its fully chartered instead of being in the spot market, but the fleet is well managed and will provide stable revenues for the foreseeable future. With more ships to be delivered as well within the next two years, revenue should increase before they have to worry about their debt maturing. Would love to hear some opinions from bulls and bears who have been here for a bit and can provide some insights and clarity if I am misunderstood. Cheers.

$PSHG CEO should stop diluting this stock with warrants. CEO should cancel their supervoting shares. If those 2 things are done, this would go up and fast.

$PSHG PSHG CEO: Can you tell us what is happening with the $1.65 warrants and the conversion of the Series C preferred shares into common stock? The much-talked-about proxy statement hasn't been released yet. Why? You are keeping us in the dark—except when you need us.

$PSHG The people at PSHG are dead set on having warrant holders exercise their warrants. No one wants to, even though the price is ridiculously low. The management is unscrupulous. placing huge sell orders at ask, to drive down the price I’m waiting to see the proxy statement—to see what they say and what they’ve decided.