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FreeSeas Inc. Message Board

  • fblangeard fblangeard Sep 8, 2010 10:13 PM Flag


    FREE supposedly made 16 cents a share in the first two quarters. If they want to raise the pps all they need to do is declare a two cent per share per quarter dividend. That would amount to 8% per year at the current share price of $1.00. But...they are not going to let the shareholders share in the profits. Assuming that those numbers are real. What they want to do is a reverse split so that they can then dilute the stock. Can't very well dilute the stock if they have to discount the share price from $1.00. That would lead to delisting. I own 2000 shares at an average price of 1.02 so I am not doing myself any favors by bad mouthing the stock.

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