You have a company that just raised $10mill at .40 a share (or depending where it will close by the end of the deal). You will have another company (Crede) sell shares and scare people here so that they can get a better price for their 10mill investment. You getting a steal here, a VC price. You were willing to pay the same amount when it was not a real company and now you complaining about the price when Free is doing the right thing by paying down debt and raising capital?!?! At these levels its a steal, because CREDE said look, we are willing to pay .40 cents or less (so they know their investment is solid at .40 at least). And they know worst case scenario they will make money even if they pay .40 cents a share. After that they hired someone to manipulate the price down and get an even better price! YOU ARE GETTING a BARGAIN at anything bellow .40 its a simple arbitrage.
Maybe more people will believe your theory when/if there's any sign of PPS movement in the positive direction. It's kinda hard to stay positive with daily new lows. it's headed to .25 cents this week by the look of things. I've already giving up on this position but I'm down too much to sell so I'm just going to write the whole position off on my taxes when the PPS goes down to nothing in the next couple of weeks.
What is the value of the company with 100mill shares outstanding? ~$33 million, with $10mill cash and whatever you think those ships that they have worth. Now tell me is it cheap or expensive? You know what, go ahead, sell, I will buy all you got.