Originally Posted by Hog's Gone Fishin:
Just put a buy order in on PSHG for premarket open at 0.69 on Webull.
Stock tanked over 60% Friday.
Wish me luck!
Jesus Christ. Did you see the volume on that bastard? Yikes. That's a rough day for those fools. Looks like a decent trade. Their financials are ass, but prime for a bargain hunter bounce. [Reply]
Originally Posted by Buehler445:
Jesus Christ. Did you see the volume on that bastard? Yikes. That's a rough day for those fools. Looks like a decent trade. Their financials are ass, but prime for a bargain hunter bounce.
We don't look at financials in our analysis at my firm. We rely on comments from stocktwits. [Reply]
As far as I can tell this is the whole reason for the drop,
ATHENS, Greece, May 27, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today the pricing of an underwritten public offering of 7,620,000 units at a price of $1.05 per unit. Each unit consists of one common share (or pre-funded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $8.0 million.
Each Class A warrant is immediately exercisable for one common share at an exercise price of $1.05 per share and will expire five years from issuance. The offering is expected to close on or about June 1, 2022, subject to customary closing conditions. [Reply]
