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FREEF has zero ships so why would the Greece bank do anything for them as they are no longer a shipping company?
Wonder what is going on behind the scenes?
..so be patient?
Nothing issued for Freef so.......
Greece just issued a new 5-year bond. First since the bailout ended. Heavily oversubscribed at a relatively low interest rate. Favorable credit terms, debt restructuring, write-offs, refinancing, loans etc etc are coming to Greeks shipping companies. The Greeks think resurrecting their shipping industry is essential to their future economic prosperity.
Too bad for you. The boyz been waiting for you to sell. Thanks for the entry. Increased prices for air shipping. means for Freight shipping for much cheaper. Look at drys steady gains. This will eventually hit .01 this year.
I sold my 1.5 mill , the drop was to big.
buying big soon as drys turns up,we climb also,feb is bdi busy time $$$$
Ho is the genius that put half a mill on the ask? Lower your ask and this will run to a dollar man.
FREEF will close over 0.0106 today
Somebody wants cheap shares don't give them nothing
FREEF .01025 Looks like it might run here.
Hmmm...my lost average is getting smaller. On the move? After all these years not selling for a loss. I thought this was gonna be a tax write off. Maybe not? Lol! After all this time anything is fine with me ??
I got my tickets. Not gonna let em go cheap.
I see old faithful is having a good day
I bought this stock back when it was crashing. Now it says my cost per share is 2,466,875,000.00 with a return of -2,466,875,000.00 does anyone else's cost per share looking like that?
Over $1 soon that's what's up:)
Lots of buys everyday now I wonder what’s up?
lol not good? Then why everyone is buying?
Website has been down for awhile now, not looking good here.
What is the China deal?
Post link to contract and other information you have like this.
When the contract with China goes true this will be back on Nasdaq.
001? I think 1 dollar soon , maybe more . Watch
Curious to see how much the share structure has grown since 11/1, it continues to grow at an alarming rate as dilution runs rampant.
Website is down and has been for awhile. FREEF is looking like trash.
Million share bid at 29, someone should tell him no one has those shares to sell.
I sincerely doubt this stock will ever see a dollar per share lol!
Lol he might have bought my shares
It probably just one guy who bought a few K on the hype yesterday and is now selling for a loss...
Headed back to the dock .. Prepare for buying opportunity
Greece news: https://greekcitytimes.com/2018/10/22/greece-set-to-expand-its-territorial-sea-boundaries/
Greek shipping stocks going bananas today as a reaction I believe...
Boat will be leaving the dock soon
Im open for my targets till mid of Novemver .... Lets see
We will come back to the board to celebrate when the time comes
Yeah i know that buddy my eyes are set for the target of atlrst 10x to 15x from here or it could be more in exceptional case imo
I completely agree with you. .If you have seen this one in the past you know what it can do
Dont worry coming here for sure IMO .... Whole Shipping Lot is on run imo and this puppy is bracing up to shoot as you can see volume rising soon as huge dilution took place already recently .... Get ready with your lotto tickets written FREEF on it
Got my eyes on this one . . .But I occasionally look away
Well its 32 million now.
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.
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| 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: |