Evangelos J Pistiolis News

An investigation has been launched on behalf of investors of Top Ships into the company’s dealings with Kalani Investment. Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Top Ships  from January 17, 2017 through August 22, 2017, inclusive. The lawsuit seeks to recover damages for Top Ships investors under the federal securities laws. The complaint alleges that through his control of Top Ships, the Company’s CEO, Evangelos J. Pistiolis (Pistiolis), caused Top Ships to engage in a series of manipulative share issuance/sales transactions with…

TOP Ships Inc. (NasdaqGS:TOPS) announced its financial results for the second quarter and first half of 2010. - Net loss of $1.8 million or $0.06 per share. - Operating income of $4.1 million. - Revenues of $21.8 million. - Net loss of $0.9 million or $0.03 per share. - Operating income of $9.5 million. - Revenues of $44.9 million. Evangelos J. We are pleased to report a positive operating income for the second quarter and the first six months of 2010, which is a result of our committed charter portfolio. Net profit would have been marginally positive for the second quarter and $1.8 million for the first six months of 2010, respectively, before drydocking costs.

TOP Ships Inc. (NASDAQ: TOPS) announced its financial results for the fourth quarter and the fiscal year ended December 31, 2009. --  A net loss of $35.9 million or $1.20 per share. The results of the fourth quarter of 2009 include an impairment charge of $36.6 million relating to the write-down of the older two of the Company's tanker vessels to their fair market values. Excluding the impairment charge, the net loss would have amounted to net income of $0.7 million, or $0.02 per share. --  An operating loss of $31.7 million. --  Revenues of $24.4 million. --  A net loss of $50.2 million, or $1.78 per share. Excluding net expenses of $12.2 million…

TOP Ships Inc. (NasdaqGS:TOPS) announced its operating results for the third quarter and nine months ended September 30, 2009. For the third quarter of 2009, the company reported net income of $329,000 or $0.01 per share, compared with net income of $41,640,000 or $1.44 per share, for the third quarter of 2008. Third quarter operating income was $6,672,000 for 2009, compared with operating income of $49,127,000 for the corresponding period in 2008. Revenues for the third quarter of 2009, were $25,153,000 compared to $71,094,000 recorded in the third quarter of 2008. For the nine months ended September 30, 2009, the Company reported net loss of $14,251,000 or $0.52 per share, compared with net income of $17,210,000 or $0.69 per share, for the nine months ended September 30, 2008.

Top Ships Inc. (NASDAQ:TOPS) announced its operating results for the third quarter and nine-month period ended September 30, 2008. For the three months ended September 30, 2008, the company reported net income of $41,640,000, or $1.48 per share, compared with net loss of $21,986,000, or $1.80 per share, for the third quarter of 2007. The weighted average numbers of common shares used in the computations were 28,153,538 and 12,222,812(1) for the third quarter of 2008 and 2007, respectively. The results for the third quarter of 2008 include the following items: a net charge of $4,277,000 of stock-based and cash compensation, a net charge of $2…

TOP Tankers Inc has taken delivery of M/T Timeless, a 154,970 Dwt, double-hull Suezmax tanker, built in 1991 by Hyundai Heavy Industries Co., Ltd. of the Republic of Korea. This delivery is the last in a series of ten identified tankers, detailed in the Company's initial public offering on July 23, 2004. The vessel will commence its dry-docking for a scheduled intermediate survey within the next few weeks, after which it is expected to be deployed in the spot market during the fourth quarter of fiscal 2004. Evangelos J. Pistiolis, President and Chief Executive Officer of TOP Tankers Inc, said, "The integration of the identified fleet took place during the Company's first quarter as a public company. "We're proud to own a high quality fleet of 16 vessels, most of them sister ships.

TOP Tankers Inc announced today the sale of M/T Med Prologue, a 29,990 dwt, single-hull handysize tanker built in 1985, to an unrelated party. The sale will result in a book profit of approximately $0.4 million, which will be recognized in the 4th quarter of 2004. The vessel is expected to be delivered to its new owners by December 31, 2004. Evangelos J. Pistiolis, President and Chief Executive Officer of TOP Tankers Inc, commented, "The sale of M/T Med Prologue is consistent with our Company's policy of operating a high quality, double-hull fleet. Following the sale of the vessel and the delivery of our 5 newly acquired Suezmax tankers, 98.4 percent of our tonnage will be double-hull."

tankers M/T Restless and M/T Sovereign. operational and commercial management of the vessels. contracts. seven-year bareboat charter period. charters will qualify as operating leases under U.S. GAAP. Evangelos J.