Sec Form 13G Filing - Funicular Funds LP filing for PERFORMANCE SHIPPING INC P (PSHG) - 2023-01-03

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
PERFORMANCE SHIPPING INC.

(Name of Issuer)
Common Stock, par value $0.01 per share

(Title of Class of Securities)
Y67305105

(CUSIP Number)
JACOB MA-WEAVER
CABLE CAR CAPITAL LLC
2261 Market Street, #4307
San Francisco, CA 94114
(415) 857-1965

JACK G. MARTEL ESQ.
RAGGHIANTI FREITAS LLP
1101 5TH Avenue, Suite 100
San Rafael, CA 94901
(415) 453-9433

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 31, 2022

(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X]  Rule 13d-1(c)
[_]  Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
 to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).




1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Funicular Funds LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [_]
(b) [_]

3. SEC USE ONLY


4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. 	SOLE VOTING POWER

	180,000

6.	SHARED VOTING POWER

	-0-

7.	SOLE DISPOSITIVE POWER

	180,000

8.	SHARED DISPOSITIVE POWER

	-0-

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

180,000 (1)

10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.4%

12. TYPE OF REPORTING PERSON (see instructions)

 IA


(1) Warrants for shares of common stock that are currently exercisable.



1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Cable Car Capital LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [_]
(b) [_]

3. SEC USE ONLY


4. CITIZENSHIP OR PLACE OF ORGANIZATION

 California

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. 	SOLE VOTING POWER

	180,000 (2)

6.	SHARED VOTING POWER

	-0-

7.	SOLE DISPOSITIVE POWER

	180,000 (2)

8.	SHARED DISPOSITIVE POWER

	-0-

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

180,000 (1)(2)

10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.4%

12. TYPE OF REPORTING PERSON (see instructions)

 PN

(1) Warrants for shares of common stock that are currently
exercisable.
(2) Consists of securities directly beneficially owned by Funicular
Funds LP, of which Cable Car Capital LLC is the general partner.


Item 1.
(a) Name of Issuer

 	 Performance Shipping Inc.

(b) Address of Issuer's Principal Executive Offices

 	 373 Syngrou Avenue, 175 64 Palaio Falior, Athens, Greece

Item 2.
(a) Name of Person Filing

 	Funicular Funds, LP
   Cable Car Capital LLC

(b) Address of the Principal Office or, if none, residence

 	2261 Market Street, #4307, San Francisco, CA 94114

(c) Citizenship

  	Funicular Funds, LP -- Delaware
	Cable Car Capital LLC - California

(d) Title of Class of Securities

 	Common Stock, par value $0.01 per share

(e) CUSIP Number

 	Y67305105

Item 3.  If this statement is filed pursuant to ss240.13d-1(b) or 240.13d-2(b)
 or (c), check whether the person filing is a:
(a) [_] 	Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [_] 	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [_] 	Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [_] 	Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [x] 	An investment adviser in accordance with s240.13d-1(b)(1)(ii)(E);
(f) [_] 	An employee benefit plan or endowment fund in accordance with
s240.13d-1(b)(1)(ii)(F);
(g) [_] 	A parent holding company or control person in accordance with
s240.13d-1(b)(1)(ii)(G);
(h) [_] 	A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [_] 	A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] 	Group, in accordance with s240.13d-1(b)(1)(ii)(J).


Item 4.  Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
2 		Funicular Funds LP - 180,000
  	 	 	Cable Car Capital LLC -- 180,000

(a) Percent of class:
3 		 Funicular Funds LP - 4.4%
  	 	 	Cable Car Capital LLC - 4.4%

(a) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote

 		 	Funicular Funds LP - 180,000
 	 	 	Cable Car Capital LLC - 180,000

(ii) Shared power to vote or to direct the vote  -

5. 		Funicular Funds LP - 0
  	 	 	Cable Car Capital LLC - 0

(i) Sole power to dispose or to direct the disposition of

6. 		Funicular Funds LP - 180,000
  	 	 	Cable Car Capital LLC - 180,000

(i) Shared power to dispose or to direct the disposition of

7. 		 Funicular Funds LP - 0
  	 	 	Cable Car Capital LLC - 0

**See footnotes on cover pages which are incorporated by reference herein.

Item 5.  Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following     [x] .
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
 Not applicable.
Item 7.  Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8.  Identification and Classification of Members of the Group.
See Exhibit B.
Item 9.  Notice of Dissolution of Group.
Not applicable.
Item 10.  Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect, other than
activities solely in connection with a nomination under s 240.14a-11.


After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: January 3, 2023
					FUNICULAR FUNDS, LP
					By:	/s/ Jacob Ma-Weaver
						Name: Jacob Ma-Weaver
						Title: Managing Member of the General Partner

					CABLE CAR CAPITAL LLC
					By:	/s/ Jacob Ma-Weaver
						Name: Jacob Ma-Weaver
						Title: Managing Member



Exhibit List

Exhibit A. Joint Filing Agreement
Exhibit B. Item 8 Statement


Exhibit A

The undersigned agree that this Schedule 13G, and all amendments thereto,
relating to the common stock of Performance Shipping Inc. shall be filed on
behalf of the undersigned.

Dated: July 22, 2022
					FUNICULAR FUNDS, LP
					By:	/s/ Jacob Ma-Weaver
						Name: Jacob Ma-Weaver
						Title: Managing Member of the General Partner

					CABLE CAR CAPITAL LLC
					By:	/s/ Jacob Ma-Weaver
						Name: Jacob Ma-Weaver
						Title: Managing Member





Exhibit B

Due to the relationships between them, the reporting persons hereunder may
be deemed to constitute a "group" with one another for purposes of Section
13(d)(3) of the Securities Exchange Act of 1934.

CUSIP No. Y67305105 	  	13G 	  	Page 2 of 5 Pages