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lol good riddance
Yes - RIP FREEF
FREEF: SEC registration revoked:
https://www.sec.gov/litigation/opinions/2022/34-95534.pdf
Thanks
Interesting read - unfortunately they caught one of who how many crooks out there.
That being said, I enjoyed flipping this one......
https://www.sec.gov/litigation/complaints/2022/comp25410.pdf
FREEF mentioned on pages 15-18.
SEC Sues New York Based Firm and Its Managing Member for Acting as Unregistered Securities Dealers
Litigation Release No. 25410 / June 7, 2022
The Securities and Exchange Commission today announced charges against LG Capital Funding, LLC ("LG Capital") and its managing member Joseph Lerman of Brooklyn, New York, for failing to register as securities dealers with the SEC. LG Capital and Lerman allegedly bought and sold billions of newly-issued shares of microcap securities, or "penny stocks," which generated millions of dollars for LG Capital and Lerman.
https://www.sec.gov/litigation/litreleases/2022/lr25410.htm
Technically there is life but it is microscopic IMHO.
Is this stock done for good or is there any hope for life
FREEF SEC Suspension for severely delinquent Financials:
https://www.sec.gov/litigation/suspensions/2021/34-91971.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-91971-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2021/34-91970.pdf
People dumping this Greek scam because it will probably get suspended
YES MORE PLEASE!!!
Shipping stocks are enjoying tailwind from the pandemic that has lifted shipping rates and profitability. Our view is that the current dynamics will continue in 2021 and thus shipping stocks could continue to perform well, but longer term we prefer more broad-based logistics companies. In today's equity update we also take a look at US momentum stocks and highlights an inspirational list of stocks that could be hit hard if we get an equity market correction in the near future.
https://www.zerohedge.com/markets/shipping-rally-and-equity-correction-candidate-list
That would be something! up up lol
Maybe we can get those Reddit people to pump up Free Seas like they did with Game Stop!
But but, I love this stock.
Its slowly going up. Stay tune!!!
Looking nice so far. .016 high
Maybe today closing price .005? Would be nice to c.
Touch 1¢ today. Lets keep this going!
Company is just a shell now and will soon be delisted.
There is the off chance u just might be right.
I've been holding a bunch of this for years that I paid practically nothing for. I figure eventually it'll just evaporate, but there is the off chance I may make a few bucks!
Just me and freef this year. Im sure this will get on everybody radar someday.
Gooooo Freef! Starting to wake up.
Closing price today .005 one would think.
Slowly inching up then boom!
Need to file a 15-12g or get current before they get revoked.
Got a little bit more volume today.
Wonder if the bank in Greece ever forgave their loans.
They need to file a 15-12G before getting delisted.
Do you know if the company is still a company and registered as such? Have they closed shop? Haven't seen a filing in ages.
This is still operational, they will be current soon enough. Share structure is amazing.
Hope u bought some. Lets get this going soon. I dont think this is going below .0028 no more.
Everybody is entitled to dream.
Who am I to ruin that for you?
Someday BOOM! over a penny. Just a waiting game now.
Stinkiest stock in all
Of pinkyville
Stay away from this POS.
If you must buy, buy around 0.0001.
I've played this before and mrpennystocks has it exactly right.
Company has the same pattern for 15 years
Screw screw screw
R/S R/S R/S
Company has the same pattern for 15 years
Screw screw screw
R/S R/S R/S
Share structure still nice.
I wish management was more responsive.
When will the website ever be back up?
Freef still looking good low today .0025.
Something going on here. Time will tell I guess.
I already bought whole bunch of these.
R you sure you want to miss out on the huge rally that's happening in many of the shipping company's today,that will most likely carry over into Monday.
R u sure u want to buy some? lol
I might start acquiring this ticker by the boatload, very nice share structure for such a low price.
Can't be to many shares outstanding here.
FreeSeas is a premiere, global commercial shipping company transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.
With a dynamic management team focused on shareholder growth and an active presence in the capital markets, FreeSeas has positioned itself to capitalize on the emerging drybulk industry.
A spot charter and a period time charter are contracts to charter a vessel for an agreed period of time at a set daily rate. Under a spot charter, this daily rate can either be a contract to carry a specific cargo for a per day rate or a per ton carry amount, depending on the agreement with the charterer.
Under spot charters, FreeSeas pays voyage expenses such as port, canal and fuel costs. Under period time charters, the charterer pays these voyage expenses.
Under both spot charters and period time charters, FreeSeas is responsible for vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, maintenance and repairs. FreeSeas is also responsible for each vessel’s intermediate drydocking and special survey costs.
The exception to this practice is known as a “bareboat contract”, whereby the charterer is responsible for the vessel’s maintenance and operations, as well as all voyage expenses as explained above.
Vessels operating on period time charter provide more predictable cash flows, but can yield lower profit margins than vessels operating in the spot market during periods characterized by favorable market conditions. Vessels operating in the spot market generate revenues which are less predictable but may enable FreeSeas to increase profit margins during periods of increasing drybulk charter rates.
However, FreeSeas would then be exposed to the risk of declining drybulk charter rates, which may be higher or lower than the rates at which FreeSeas chartered its vessels. FreeSeas is constantly evaluating opportunities for period time charters, but only expects to enter into additional period time charters if FreeSeas can obtain contract terms that satisfy its criteria.
Finally, FreeSeas may from time to time employ its vessels in carrier pools. These pools, operated by third parties, bring together vessels from one or multiple owners to service the needs of charterers. In this arrangement, voyage and operating expenses are paid by the pool manager, and FreeSeas would be paid its “share” of the voyage revenues on a predetermined schedule.
______________________________________________________________________________________________________________________________________
| Market Value | $87,422 | a/o 9/28/2018 |
| Authorized Shares | Unknown | a/o 9/18/2018 |
| Outstanding Shares | 30,145,538 | a/o 9/18/2018 |
Reporting Status | U.S. Reporting: SEC Reporting |
Audited Financials | Audited |
Latest Report | |
CIK | 0001325159 |
Fiscal Year End | 12/31 |
OTC Marketplace | Pink Current |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |