DD Support Board and Research Team

[nodummy]

Because of FREE's super ugly convertible debt situation it is pretty much impossible to keep up with the float size there unless the TA is ungagged and you can contact the TA. The float is growing on an almost daily basis.

FREE has done 6 reverse splits since 2010 including 3 in the past year

Capital Change=shs decreased by 1 for 5 split Pay date=10/01/2010.
Capital Change=shs decreased by 1 for 10 split Ex-date=02/14/2013.
Capital Change=shs decreased by 1 for 5 split Ex-date=12/02/2013.
Capital Change=shs decreased by 1 for 7.5 split Ex-date=05/11/2015.
Capital Change=shs decreased by 1 for 50 split Ex-date=06/26/2015.
Capital Change=shs decreased by 1 for 60 split. Ex-date=01/15/2016.

http://www.otcmarkets.com/stock/FREE/profile

If you owned $750,000 worth of FREE stock at the start of 2013 that stock is now worth only $.08 because of all the dilution and reverse splits. If you owned $1.9m worth FREE stock in early 2012 that stock is now worth only $.08 because of all the dilution and reverse splits. $4m worth of FREE stock at the start of 2011 is now worth only $.08 because of all the dilution and reverse splits. $54m worth of FREE stock from 2007 is now worth only $.08 because of all the dilution and reverse splits. Hard to even imagine losing $54m by investing in one stock. Pretty ugly.

https://www.profitspi.com/stock/view.aspx?v=stock-chart&uv=110794&p=FREE#&&vs=635907998205573811




FREE could very possibly be headed towards a 4th reverse split in less than a year. With all the convertible debt Notes they keep adding to their books there is no question there will be more reverse splits for FREE in the future. Almost every recent 6k is for a new toxic convertible Note being added to the books

http://www.otcmarkets.com/stock/FREE/filings

A $250,000 toxic Note on January 6, 2016
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11113786
A $600,000 toxic Note on December 8, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11058594
A $500,000 toxic Note on October 26, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10975447
A $600,000 toxic Note on September 2, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10902991
A $600,000 toxic Note on July 13, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10807956

All of that equates to tons of future dilution and more reverse splits.


The only other Big Board ticker I can think of that challenged the ugly FREE convertible debt situation is NEWL

NEWL did 5 reverse splits in less than a year then the NASDAQ said enough is enough and gave them the boot

Capital Change=shs decreased by 1 for 12 split. Ex-date=08/03/2010
Capital Change=shs decreased by 1 for 15 split Ex-date=10/17/2013.
Capital Change=shs decreased by 1 for 3 split Ex-date=12/06/2013.
Capital Change=shs decreased by 1 for 10 split Ex-date=03/06/2014.
Capital Change=shs decreased by 1 for 50 split Ex-date=05/15/2014.
Note = Delisted from NASDAQ on 7-22-2014
Capital Change=shs decreased by 1 for 50 split. Ex-date=07/15/2014.

http://www.otcmarkets.com/stock/NEWL/profile

$195m worth of stock in NEWL from 2006 is now worth only $.0001

https://www.profitspi.com/stock/view.aspx?v=stock-chart&uv=110794&p=NEWL





FREE could eventually be booted also and end up like NEWL, but until then there will always be a few people/groups that will try their luck playing FREE for a short term bounce off the big drops the dilution is causing hoping they catch the ticker during a short break between conversions.