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The CEO is the owner of the company I don't think that will happen unless he replaces himself
anybody know when they plan on replacing the ceo?
what has held the price back for so long?
Just sold myself. Luckly I bought at 1.07 and was able to get out at 1.01. have been watching this thing for a long time. really thought they were on the road to turning around. But, now I don't think so.
I sold out totally today, after holding this for over a year. Lost a lot of money here. Good luck all.
We'll probably see 0.25 tomorrow. Kiss your money good-bye. I guess it was a long shot after all.
sheesh, what a crap company. this CEO has an excuse for everything. Have to say it. This company was a big mistake. They should fire the CEO and get a new one.
let's hope so. This thing needs to do something. I would like to know why they are so late in releasing earnings. Seems like they are afraid to let them out so they hold them. To hold them back only makes them look bad.
thats how they get before they take off, it makes you sick to your stomach of waiting and watching until you sell out of boredom, then they usually go up shortly after that. It's a pretty good sign.
Boy, this is one boring stock to watch. em
You sure about that? $1.04 em
Were headed in the right direction!
Anybody hear anything about the upcoming earnings? Anybody hear about anything about this company?
Good, except I need it to break 5.10.
This will break nicely the 1.10 today...
Did my fair share of searching and haven't come up with a reason as to why this upswing in OCNF is happening. Anyone have input on this?
yeah :) close @ HOD $1.12 always nice...
There we go baby! that's how I like it keep going!!!!
nice breakout... 1.06 so far...
Thursday, June 17, 2010 on a 1-for-3 split-adjusted basis.
Me too, yet might be a yawn?
May simply run sideways for a while?
I don’t know?
GLTA!
Onward Thru the Fog!!
Scov.
I doubt this is going much lower
Q2 Adj EPS 1c..vs..($1.54) EPS +101% Y/Y
Friday , September 03, 2010 16:10ET
QUARTER RESULTS
OceanFreight Inc (OCNF) reported Q2 results ended June 2010. Q2 Revenues were $24.00M; -24.27% vs yr-ago. Q2 EPS was (1c). Adjusted Q2 EPS was 1c; +100.65% vs yr-ago.
ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.724fb43190b2fded7eefac46454a7d9b4b67aa7cf9c64628905134c63902c221Q2 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $24.00M $31.69M -24.27% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: (1c) N/A N/A N/A N/A
Adj EPS: 1c ($1.54) +100.65% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
Looks like we found a bottom, bought in today.
HH
That was nuts…strong over reaction to the R/S.
wE ALREADY RAN NUTS TO THE DOWNSIDE, TIME TO GO HIGHER!
Really? When was that?
http://finance.yahoo.com/q/hp?s=OCNF&a=03&b=25&c=2005&d=07&e=18&f=2010&g=v
Date Open High Low Close Avg Vol Adj Close*
Aug 10 1.25 1.28 1.03 1.06 362,100 1.06
Jul 10 0.83 1.48 0.73 1.21 779,700 1.21
Jun 17, 2010 1: 3 Stock Split
Jun 10 0.55 1.42 0.44 0.85 589,700 0.85
May 10 0.74 0.76 0.46 0.54 853,400 1.62
Apr 10 0.75 0.82 0.74 0.74 748,900 2.22
Mar 10 0.76 0.89 0.72 0.75 741,700 2.25
Feb 10 0.85 0.86 0.70 0.76 808,800 2.28
Jan 10 0.93 1.10 0.79 0.83 1,849,900 2.49
Dec 09 1.14 1.18 0.92 0.93 1,537,100 2.79
Nov 09 0.99 1.25 0.90 1.13 1,784,800 3.39
Oct 09 1.34 1.35 0.89 0.96 2,463,800 2.88
Sep 09 1.34 1.70 1.28 1.34 1,382,200 4.02
Aug 09 1.59 1.81 1.25 1.33 1,384,600 3.99
Jul 09 1.52 1.60 1.20 1.56 1,221,000 4.68
Jun 09 1.80 1.87 1.20 1.51 1,891,000 4.53
May 09 1.39 2.10 1.30 1.69 5,492,500 5.07
Apr 09 1.30 1.67 1.01 1.27 1,038,100 3.81
Mar 09 0.96 1.70 0.80 1.33 243,300 3.99
Feb 09 3.45 3.45 0.92 1.01 230,900 3.03
Jan 09 3.00 5.50 3.00 3.52 221,100 10.56
Dec 08 3.40 5.29 2.25 2.97 223,700 8.91
Nov 08 6.60 6.96 1.80 3.45 155,800 10.35
Oct 29, 2008 $ 2.31 Dividend
Oct 08 13.76 14.12 6.03 6.60 152,400 19.80
Sep 08 19.16 19.16 11.87 13.47 72,800 36.05
Aug 08 19.59 20.44 16.86 19.07 81,100 51.04
Jul 31, 2008 $ 2.31 Dividend
Jul 08 22.70 23.23 19.28 19.41 79,200 51.95
Jun 08 26.79 26.96 22.50 23.17 69,300 59.63
May 14, 2008 $ 2.31 Dividend
May 08 22.59 26.68 22.53 26.52 90,500 68.25
Apr 08 21.80 23.47 20.52 22.64 28,500 56.50
Mar 08 22.10 23.08 18.50 21.87 37,000 54.58
Feb 20, 2008 $ 2.31 Dividend
Feb 08 19.88 24.74 18.10 22.03 80,400 54.98
Jan 08 19.17 19.94 14.71 19.51 61,100 47.17
Dec 07 21.50 21.89 14.10 19.23 117,100 46.49
Nov 07 26.48 28.03 18.25 21.88 69,300 52.90
Nov 1, 2007 $ 1.539 Dividend
Oct 07 23.61 30.48 23.52 26.64 105,000 63.17
Sep 07 21.62 24.05 19.72 23.24 49,000 55.11
Aug 2, 2007 $ 1.17 Dividend
Aug 07 23.60 23.70 17.35 21.39 59,700 50.72
Jul 07 19.60 24.65 19.41 23.89 89,900 55.69
Jun 07 20.80 20.98 19.14 19.30 36,000 44.99
May 07 19.48 21.15 19.13 20.70 42,100 48.25
Apr 07 19.00 20.00 18.70 19.35 485,800 45.10
* Close price adjusted for dividends and splits.
Seems that this is done a Rev Split about 5 times.
June 17, 2010 is the date of the reverse split.
Pre-split price makes this about $.36.
Trueheart
Did the R/S already happen? On What Date?
OceanFreight Inc. Regains Compliance With NASDAQ Minimum Bid Price Requirement
Last update: 8/9/2010 8:37:51 AM
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2400)
August 09, 2010 08:37 ET (12:37 GMT)
Yahoo!!! Now the party can start... and I can recover my losses!
3 1/3 days to go #msg-52660221
Whatdaysay we all enter a 1 share limit buy at $1.01 at close each afternoion through Thursday?
:o)
It will do it, they have enough cash to buy their own stock, and keep it in line with listing, this looks like the start of a new uptrend based on asset valuations...
5 down. 5 more to go.
Almost all of my loss came before the split. My problem is not due to the R/S------this time.
pre or post reverse split?
Shoot - dude i'm sorry, those reverse splits screw people over pretty heavily -
It only has to get back to $6 for me to be green.
Been watching this for a while - didn't see this comming, congrats all!
looking great we can play a bounce at 1.08 -1.11 and ride it to 1.30 by the EOD!!!!!
massively undervalued and they need the price over $1 for NASDAQ compliance, they are probably buying it with their own money now, we should head higher yet!
nope, just trading it... nice so far! for a friday :)
Anyone have any hints as to why the sudden Price and Volume bump?
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OceanFreight, Inc.
(OCNF)
80 Kifissias Avenue
Athens 151 25
(302) 106-1402
http://www.oceanfreightinc.com/
BUSINESS SUMMARY
OceanFreight Inc. (OceanFreight) is a development stage company. The Company was formed to initially acquire a fleet of seven secondhand drybulk carriers engaged in the seaborne transportation of commodities (Initial Fleet). OceanFreight has entered into agreements to acquire Initial Fleet of seven secondhand vessels. Six of the seven vessels in its Initial Fleet will be employed under fixed rate period charters, with expiration dates ranging from March 2008 to May 2011, representing an average remaining charter term of approximately 31.3 months. The Company will initially contract the day-to-day management of its fleet, under separate vessel management agreements, to two third-party management companies, Allseas Marine S.A. and Quintana Management LLC.
PRINCIPAL EXECUTIVE OFFICES
80 Kifissias Avenue
Athens 15125, Greece
phone +30-210-6140283
fax +30-210-6140284
INVESTOR RELATIONS
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel: +1-212-661-7566
email oceanfreightinc@capitallink.com
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