Let me tell you a personal story I had with another shipper. About 10 years or so ago, there was an up and coming shipper called Top Tankers (TOPT). They were giving FRO a run for their money at the time as the biggest tanker shipper in the world. I bought 2450 shares at just over $7 per share (About $17,500 I spent) Anyway, they ended up cutting the dividend and the price dropped so I sold at just over $6 per share, taking a $2k loss. Best decision ever. I kept watching the stock though and some time later they did a reverse split....price dropped right after...some time later they did another reverse split and again, price dropped...some time later they did another reverse split and again...price dropped. They have since changed their name to Top Ships (TOPS). Anyway, I decided today to see what I would have if I had just held on to my shares...what would they be worth today? My $17,500 would be worth exactly $2.91. Losing 99.98% of my original investment. This same thing is happening with FRO right now. Take your losses now, or later. Your choice.