I agree. I can't even post a useful link but these guys have taken over with their daily "nice info" garbage. But you are still here. I've seen you on many shipping boards and you're pretty aware of the biz. Do you think FREE will survive on their own? After that last reverse split and with the new shares issued for the legal settlement I can't figure out their story. And all the numbers and reports are all over the board, no agreement even on how many shares there are. I can see what ships they own and looks like one is still being held by pirates. Crazy but interesting.
They have big problems and they are at the mercy of their lenders. Banks have been reluctant to actually take ships as that would kill their portfolio when they have to write down their loans to 50% in many cases. They seem to be ramping up their desire to get out of the bad loans by selling some to private equity. It will be interesting when FREE finally does put out their annual report. That will clear up the confusion surrounding shares, debt and covenant breeches. Until then it is all wild speculation.