FreeSeas Inc fka FREEF

[Top Penny]

Reverse splits never work out good with pinks, I've been trading long enough to know that. Dilution continues after the split driving the price further in the toilet coupled with the fact that you have less shares than you had before, it's an equation for disaster. Most lose 90% of their investment in reverse splits on the pink sheets. All one can hope for here is a 5 to 1 reverse split or something along those lines, anything large will kill all shareholder value.