I first bought FREE several years ago when it was about $7ish as I recall.....then
some time went buy, I made a few buck trading, did a lot of digging, and thought this might be a honest Greek shipper, so I started building a stake....and got burned.
Okay, we all make mistakes....it went way down, I thought, "I'll make my money back....and it got me again.
Then I next bought it after the reverse split prior to this one....figured it had dropped way below post split price....how could I lose...and FREE showed me.....lost a bundle that time.
Okay, I keep watching....see there's been another reverse split, how low can we go, I ask.
Here we are at 1.07 and I get tempted and then I look at the financials....I've gotta tell you I'm scared....payable WAY up.....cash WAY down......looks like Ian might be leaving a shell here with some debts.
Now, I may be wrong, as I have almost every time here over a several year period, and I don't want to offend the longs, but....I'm trying to warn newbies to do their homework before venturing in.
Fly...you may be okay. If it goes up a dime, you're up $220....maybe time to run.
Like I said, I've been wrong here at almost every juncture.....but the statements don't look good, and if American CPAs have been caight lying over the last few years, how much control do we have over Greeks.