EXM has already bk and they're protected from creditors during the meantime. But Free will r/s which will drag the stock to penny status(1-9 penny) when they do( I played enough of r/s stock, 99% they always drop afterward.)
Oh boy. So you're saying investing in a bankrupt company is safer than in a company who just received financing and cleared debts? a reverse split will do exactly the opposite of dragging FREE to penny status.
You don't know what you're talking about.
Mill, I'm not here to start an argument, just trying to shed lights on post reverse split stock. Lets say Free R/S on 10:1 that makes the stock at $3.19. Majority of the time after the stock trades post R/S, the stock loses 5-10%. Now put that into perspective for the holders who held into r/s.
Mille, don't try to kid yourself. When a company issued an R/S, they will initiate in the short term, most likely 3-6 weeks out.
99%? Where did that statistic come from? I mean there will most likely be some pr after the rs and there will be a run up on that and it will most likely drop afterwards. What if they get most of their ships or all their ships chartering this whole next season and report good news?