Recent

% | $
Quotes you view appear here for quick access.

FreeSeas Inc. (FREE) Message Board

  • choicestox choicestox Feb 20, 2013 8:25 PM Flag

    Subject

    I doubt it. Traders don't take a full position after a reverse split, even when they buy in after a 40% drop. I can afford a couple hundred dollar loss. After looking more into the terms of the settlement, it's obvious Hanover is selling down because of the terms, and their discount, so it looks like it should bump when it hits $1, and can go as low as .75 before it eventually runs back over $3 by summer at latest-though if anything unexpected becomes a catalyst, soon, then the hanover effect becomes a lot shorter lived, and then you could be looking at a $ 8 -12 cap. The key would be still that hanover would be forced to buy at higher prices, and the only way that happens is for the whole industry to go up

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
FREE
2.80+0.03(+1.08%)Jul 6 3:59 PMEDT