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FreeSeas Inc. Message Board

  • midasrahodeb midasrahodeb Oct 25, 2013 11:51 AM Flag

    IF there is a R/S, Certainly Appears to Be Priced In

    Best wishes for a beautiful and bountiful day! : )

    Sentiment: Strong Buy

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    • Where did you get the information of reverse split?

      Sentiment: Strong Buy

      • 2 Replies to smallcapguru10
      • I know it's boring, but you guys should read everything. I haven't invested a dime in them and I know this:

        Go to the FreeSeas website. Click on investor relations. Click on 2012 Annual Meeting Materials. Click on Proxy Statement for 2013 Annual Meeting. Scroll down to page 14: PROPOSAL 3: REVERSE SPLIT OF THE COMMON STOCK OF THE COMPANY.

        Somewhere between a 1 for 2 and a 1 for 10. It will be voted on Nov. 14 (see Appendix A).

        For the record, I'm still trying to decide on FREE. I'm 50-50 right now on investing or moving on. I like they're taking the steps to remain in the game, but it's tough right now. I haven't done a lot of study on the shipping industry, but it seems like there are a lot of shippers going under (pun intended). If FREE can just survive a little while longer, they might pay off. JMO.

      • . . . from the chitter chatter on this board. Simply to make a point, IF such an action were to take place, it would help to explain the fairly recent and heady fall that the equity experienced. Comes a point -- even in a R/S -- when the pendulum halts and reverses course. Today's early momentum and volume are noteworthy.

        Sentiment: Strong Buy

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