Wow, that in itself is the only reason why the stock will drop tomorrow, it's trading at 37 PE! $30 is a more realistic price.
chablis007007, hang on to those shares..but expect the true explosion to happen by 2015. The market's foundation is in development and will continue through most of 2014.
I agree with you. That's the reason why a lot are jumping back in. We just have to weather the short-term fluctuation....errrr...market manipulation. The stock will be a lot higher by the time the next financials are announced.
Frontline 2012 is a separate company all-together going public sometime in Q3 2014. Has anyone done the homework on whether these two will continue to operate independently or will FRO be consumed by this new entity at some point.
The only way you're going to get a lower price is by getting in a time-machine. You're witnessing an industry in rebound-mode. The VLCC rates are maintaining their highs which means we're headed towards the high single digits fast. This is the biggest oil tanker company in the world and the price will reflect that soon.
The company is not real. It's a front to enrich scammers by dumping shares....try calling the phone numbers on the SEC filings. Do research on the "CEO". The 'even't they got scheduled is all smoke and mirrors. Stay away from this one.
what time zone is that? SCAM time? Or are you that big of a moron that you don't know that it's (at current time) 2pm in London?
Website has no listed phone numbers, pre-order link does not work, OTCBB ticker on homepage. Reverse merger (remember the Chinese scams from a few years?) Stay away from this one.