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Nice share structure but the A/S is ridiculous.
Website has been down for months now, actually longer than that even.
Relegated to the greys or worse soon if they don't get current.
It's like the energizer bunny, just keep going and going and going.
This will soon be relegated to the greys if they don't file soon.
They updated the company description on otcmarkets, don't know when this occurred but it no longer says they own one handy size vessel. Will they just vanish into dust or will they ever file again? To be continued...
NEWLF is dead and long gone, I live in the now. FREEF isn't a scam like Newlead was.
You need to look at what is happening with NewLead Holdings Ltd - NEWLF
All the action is there !!!
We need some filings, seems to be dead company as of now.
Is FREEF just going to give up and lay down and die until they become delisted?
This thing will be revoked or suspended next being so delinquent.
I never cared about the Financials with this ticker... I only cared about? Volume and volatility
What do you think about FREEF no longer filing financials?
This used to trade on the NASDAQ, I doubt very much its a scam.
It should preface each stock purchase with a Are you sure? This stock is a *registered* and *known* SCAM
SEC Filing
https://www.sec.gov/comments/265-31/26531-4502426-175975.htm
Subject: File No. 265-31
From: Christopher J Diiorio
Affiliation: Whistleblower
October 10, 2018
Brett Redfearn SEC Dir Trading and Markets at SIFMA October 2018
"If a company is a dark company and listed in the OTC market and hasn't put out financials in six months, maybe it shouldn't be quoted to retail investors."
Echoing Jay Clayton and Hester Peirce.
More lip service. This isn't "fishing with dynamite". This is CYA as well as an amazing admission that the SEC continues to side with criminal entities like Knight/KCG/VIRT over their stated mandate of protecting the investing public: Main Street
Mr Redfearn joined the SEC from the criminal Bank J P Morgan. The same J P Morgan who looked the other way as Madoff ripped off Main Street investors for a decade+. The same J P Morgan that rejected 4000 worthless securities pledged by Knight on the heels of the Aug 1 2012 "trading glitch" but looked the other way when it knew exactly what a fraud the Knight balance sheet was. The same J P Morgan that pledged $1.6 billion in financing for the VIRT acquisition of KCG.
Yes, Mr Redfearn and his former employer J P Morgan are well aware of the core business at NITE/VIRT: Abusive naked shorting OTC shells to facilitate money laundering.
Mr Redfearn, Ms Peirce et al KNOW FULL WELL that this latest pr stunt does absolutely nothing to protect "Main Street" Because shells go "dark" on SEC filings only AFTER their massive fraud has been perpetrated.
I filed separate but related for 2 NITE top traded shells: NewLead Holdings and FreeSeas. 2 Shells claiming to be Greek "shipping companies". In fact, these 2 shells are money laundering vehicles for NITE/VIRT,Buckman Reid, Dawson James,Deutsche Bank, Credit Suisse, Hanover/Magna, Crede, JSJ, Alpha Capital Anstalt, Asher, AGS etc etc.
In NewLead, a shell where the CEO is also a Deutsche Bank Investment banker arrested for fraud and corruption in Greece and Cyprus. In 2013, commodities trader TransAsia filed a massive lawsuit alleging blatant and egregious fraud. What happened next: The grossly corrupt SEC facilitated theCEO, his wife, associates, and their 75 shell entities scattered across the globe to dump and launder more than $200 million in physical certs on the investing public. The SEC and FINRA approved dozens of reverse splits in NewLead that helped facilitate this fraud and money laundering. Wiping out Main Street investors. Capital destruction on a massive scale.Of course, NITE was a top trader in NewLead as this fraud was taking place. ALL of this activity took place with the TransAsia fraud suit in the public domain and the SEC in possession of my TCR. NewLead conceded guilt in the TransAsia suit but that STILL wasn't enough for the SEC to shut it down. In addition, Mary Jo White and Andrew Ceresney firm Debevoise was also involved in perpetrating this fraud on Main Street.
So, after laundering more than $200 million in physical certs (a clear AML red flag) and millions in abusive naked shorting profits for NITE/VIRT at the expense of Main Street investors, NewLead has gone dark on its filings. Damage done. SEC CYA.
The same fraud is taking place in FreeSeas. Real Time. Many of the same players. Plus Greenberg Traurig. With my TCR in hans for several years, the SEC facilitates and perpetuates the massive fraud on Main Street. This process is evident in literally hundreds of NITE/VIRT top traded shells.
This lates pr stunt by the SEC is yet another example of the SEC's gross negligence in executing its mandate to protect the investing public so that large market participants like Mr Redfearn's former employer J P Morgan and its customers like NITE/VIRT can reap massive profits at the expense of Main Street.
Cheers
Christopher Diiorio
This company is a scam. Only thing they have done for investors is dilute and reverse split.
If you cannot write in Greek you can use Google translate
Question - are you sending the email in Greek? Maybe they cannot read or write in English
Management never responds to emails.
Not going to happen.
I would raise it to 100 billion.
Why won't they lower the A/S of 10 billion? Spells trouble ahead for sure.
Right, sincerely hope you weren't dumb enough to really believe this obvious scam was ever going to produce anything like that. lmao
FREE is literally in the top ten of worst stocks ever in the history of stocks.
The company is guaranteed to defraud and reverse split, at minimum twice a year.
You might make a few dollars by executing day trades *only*, but if you dare make the mistake of ever holding this stock overnight, you can kiss any potential gains away.
There should be a warning before giving your money to FREE (notice I didn’t say invest). This has been going on for over a decade.
Unbelievable!
Stay away i lost everything they are fraud
After doing another 1 by 2000 reverse split
cut from the BS cloth
When will they put back up their website?
How is this related to FREEF?
Good. All will go to jail. This people stole millions from the investors in last 5 years
SEC Files Charges in Elaborate Microcap Stock Fraud
Litigation Release No. 24403 / February 15, 2019
Securities and Exchange Commission v. Joshua Sason, et al., No. 19-cv-1459 (S.D.N.Y. filed February 15, 2019)
Washington, D.C., February 15, 2019 - The Securities and Exchange Commission today announced charges against four individuals and related businesses for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million.
https://www.sec.gov/litigation/litreleases/2019/lr24403.htm
Freeseas was involved with Magna and Sason in 2013
2013 20F filed with the SEC shows:
Stipulation of Settlement between the Company and Hanover Holdings I, LLC
No hope with this much dilution. I'm not paying there home bills, that's what they are doing for last 3 years.
So you dont feel lucky and you have no hope here.
Dilution big time, I'm out
Another split? How many times are they allowed to do this? Hurry up and file bankruptcy. Please!!
Stock price suddenly rises and what happens here? Is there something brewing or pure manipulation?
Oops your Decimal .003 is off should be over to the right one more like .03 LOL!! It happens
Freef back to .003. New break out CREG
Why should I tell you? You think they paid the money to keep this company active when all the others in the same position (Paragon, Teuff) have delisted just for giggles?
I took 3k profit yesterday, but I was in for a long time
At what price did u sell if u dont mind me asking?
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: |