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FreeSeas Inc. Message Board

  • techxpit techxpit Feb 18, 2013 8:10 AM Flag

    FREE - mkt cap 1.27 Million... hahahahaha. Homeless people have more money.

    how long will it be on big board. Does Company have plans to put more money into the business ? is their investment in ships worth more than $1 million.

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    • "is their investment in ships worth more than $1 million."

      If you "own" a house worth $150k but you owe $175k, does your "investment" in that house have ANY value?

      Free likely owes much more than their ships are worth. Of course their financials are so ancient now that "investors" have no idea for certain. Well, we know what their ships are worth, about $60 million and none have any additional value from having time charters attached. They ought to stop trying to stay alive and just throw in the towel.

    • I would suggest that company tries to say listed and bring in more capital to raise MKT CAP. Otherwise, OTCBB, which is not necessarily bad place. lots of companies do very well on OTCBB.

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