You'll get pennies on the dollar in return if that. How is this company still trading is a better question. This is death spiral financing at it's finest. I wish I had shorted this two splits ago. I would be retired now. No individual trader to get on that scam train though as you will be told there are no shares available to short.
Things should turn around.
If they can acquire financing, many in upper management feel this will be a crucial addition in making them a world leader.
Can't move much freight at one time but they're very inexpensive to operate.
Don't get suckered in.
It gaps up and sells off almost daily .......stealing your money.
They're stealing your money. Nice run up today. Are you kidding? He should go into the investment adviser business...sheer genius. How about the comment it will be $1.00 before the split. Another one.....We will hit $.04 !!! Anyone knows that if a stock hits $.04 that within several years it will become one of the largest businesses in the world. Don't let this opportunity pass you by.
After the split I see nothing keeping it from plummeting back to where it is today. They're just taking suckers money. I don't think it gets to where 60:1 gets it over $1.00. I will be amazed if it does.
This just proves what a scam the stock market is. It can't trade that many shares. The other day it showed a 102% short interest, now it's nothing. The price should have went up a dollar a share. Nothing has changed from the last split either.
They will short it right back down to here in 6 months and take more peoples money. This company is dead. How can you not see this?
Wall Street is not legitimate. It's a con game designed to make brokers, analysts and investment banks and bankers money not you and me.
FreeSeas Inc. at 10, Eleftheriou Venizelou Street (Panepistimiou Ave.) 106 71, Athens, Greece, at 17:00 Greek time/10:00 am Eastern Standard Time. The purpose of the Special Meeting is as follows:
1. To grant discretionary authority to the Company?s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock ratios within the range from 1-for-2 up to 1-for-60 (the ?Reverse Stock Split?) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company?s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, provided that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-60, and (Y) any Reverse Stock Split is completed no later than the first anniversary of the date of the Special Meeting.
50% losses coming to buyers soon. You better time it right is all I'm saying.
You may get a one day pop to say $.07 but if you think this is somehow going to get to $1.50 one day you're delusional and have no place being in the market. Once a stock gets to this price it's done 99% of the time.