It appears that FREE has about 19m shares outstanding with an authorized shelf of 250m shares. IMO they will continue to print, print, print shares and dilute, dilute, dilute the share price. There of course will be volatile fluctuations. However, the continued printing of shares to keep the company running will over time continue to reduce the value of the stock price until the eventual and inevitable demise of the company. To date the company has managed to raise the market cap from under 1m to near 5m solely by printing massive amounts of shares and the failure of the investing community to recognize the dilution by not reducing the share price. This may halt the delist procedures or at least provide approval to the NASDAQ capital market. This is a crummy way to do business but a smart move. Good for the company, bad for the present shareholders. There have been two reverse splits to date. Expect more as long as the company survives. ***READ, READ, READ THE SEC FILINGS.**** They won't tell you anything in their press releases or on their web site that they don't have to.
In the recent SEC filing it stated about 1.8 mill. post split shares outstanding. This makes a 3 Mill mkt cap at about $1.65/ share. Not the 1.1 mill. as yahoo shows. Anyone explaine the differance? They need over 1 mill. to stay listed in NASDAQc.