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FreeSeas Inc. Message Board

  • silence4billmaher silence4billmaher Apr 24, 2013 2:35 PM Flag

    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.

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0.9405-0.0645(-6.42%)Jul 31 4:00 PMEDT