Reverse Splits

[sludgehound]

FREE R/S 1-7.5 open 5/11/2015 4th Serial
Ok not big splits but this is 4th and they also float lot shares in between splits.

16:30 ET
http://finance.yahoo.com/news/freeseas-announces-reverse-split-common-203000900.html

Athens, May 8, 2015 (GLOBE NEWSWIRE) -- FreeSeas Inc. (FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes

through the ownership and operation of a fleet of Handysize and

Handymax vessels, announced today that the Company's Amended and

Restated Articles of Incorporation are being amended to effect a

reverse stock split of the Company's issued and outstanding common

stock at a ratio of one new share for every 7.5 shares currently

outstanding.

The Company anticipates that its common stock

will begin trading on a split-adjusted basis when the market opens

on May 11, 2015. FreeSeas' common stock will continue to trade

under the symbol "FREE." The common shares will also trade under a

new CUSIP number Y26496409.

The reverse stock split will consolidate 7.5

shares of common stock into one share of common stock at a par

value of $.001 per share. The reverse stock split will not affect

any shareholder's ownership percentage of FreeSeas' common shares,

except to the limited extent that the reverse stock split would

result in any shareholder owning a fractional share. Fractional

shares of common stock will be rounded up to the nearest whole

share.

After the reverse stock split takes effect,

shareholders holding physical share certificates will receive

instructions from American Stock Transfer and Trust Company LLC,

the Company's exchange agent, regarding the process for exchanging

their shares.