So by the time they announce earnings and announce say a divvy increase Fro stock will be trading under 7 bucks which is 1.50 or so pre split. Suggp they need news next week or stock will continue slow bleed until end of Feb.
With all due respect JF I do not trust. I honestly believe the RS was not meant to attract big money but for meant for insiders and JF putting more money in his coffer.
Rogers your in denial it is the RS. Perhaps the split is for short sellers maybe someone close to JF? Unless company comes out with news early next week this could trade below 8 very easily even lower. How about company pay a 50 cents divvy this quarter or higher. Would be good news other than that it trades lower.
some shippers even today trade up. FRO is dead in the water without real hard news that will move stock north of 12
you were wrong and admit it. The spilt is meant for short sellers to make money not for longs. It would seem that way anyway.n
someone is shorting this like there is no tomorrow and perhaps that was the intentions of the reverse split. I would inquire or investigate trading of this stock. Seems highly suspicious of how it trades post split. remember first day or second price ran way up close to 11 dollars then immediately came back down. You shareholders are being played for fools.
Something is fishy going on.
mark this post.
smells like someone is getting rich and poor FRO shareholders get the shaft. I must say I'm completely sick to my stomach.
Must put some news out before earnings. Something going on behind the scenes. This downward pressure could be some bad news coming.?