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You took the time to reply, but couldn't provide one positive?!?! You sir are a troll and a leech. GL, I hope Free explodes and I am wrong. I will be following and once positive news surfaces I will jump in.
Awesome!! Perfect! You sold me, I'm back in.
I wanted FREE to succeed as much as anyone, I made a lot of money from .20 to .75, then sold. Bought back in with profits and lost it all from .52 to where it is today.
I'd love to jump back in, I like the BDI, I like it's shipping season, I thought I liked the restructured debt, but the transcript today states $110million debt still exists.
Please give me a few professional investing reason why I should get back in FREE? Honestly, I'd love to jump back in, but need some positive news first. Nothing positive in that report today, not a single word.
If you have more than $1000 invested in this stock, you'd be wise to read the transcript released today. It's very very long!! 95% old news, but there is clarification on old news and some new news.
Two major take aways, as of October 2013 "current" debt is 110million (this is after crede IMO)and 75m operating deficit. This is after Hanover and most likely crede IMO.
Few other points, 3 vessels currently "held for sale", and a couple vessels were basically repossessed while creditors waited for payment.
This stock could still pop, it's .33 now. But IMO the consolidation is far from over, dilution will continue.
This company has been in court the last 3 years.
You can disagree with me, or keep the blinders on. Read the report for yourself. I see nothing positive in there and there is a lot.
I'm out 100%. Crede out, Asher in.
this is going to TANK...the transcripts are terrible, FREE still has over 100millionm in debt, being sued from sea to sea across the globe. Not good.
10am is the power hour for this ticker...lets runnnnnnnnnn (not looking good now)
is a squeeze possible on a recently diluted stock like this? there should be plenty of shares to go around after crede dumped.
Where do you see 1$ ask?
I thought they have 7 ships. 2 still dry docked?
Who can explain these consistent 100 and now 300 block sales (or purchases)? If it's MM, why are they doing it? I think it's Crede, but others have said its MM. Please educate me or direct me to a link.
Thanks Free is a C_ck!!
when will these 100 block sell offs by Crede stop???? 11/14 CC, this has to stop by then. Who's holding through CC?
Boat activity, I just looked on marinetraffic.com FREE'S 7 boats last documented traffic (per this website) was:
Knight, Jupiter, Envoy and Hero are all running this year
Destiny last ran 2010, Impala and Goddess last ran in 2012
How profitable can a company be operating only 4 ships? Not sure how accurate that website is, but is provides pictures and information on each vessel.
Was it a buy or a sell?
schwienmister posted this earlier, I read through. It appears the board is advising share holders that it would be beneficial for the company to do a 2:1 up to 5:1 reverse split, but later says the split can be up to 10:1, but unlikely. The R/S discussion is the main purpose of the 11/14 meeting. there are 4 total topics, but the other 3 seem minor compared to R/S.
One other note, there is only one investor above the 10mill shares mark. Where's the secret investor?
http://www.freeseas.gr/2013-annual-meeting-materials.html
newbie question, but how can you tell there are more buys than sells? Isn't each sell also a buy?
Thank you!!
do you know the total number of total new shares issued to Crede and by FREE during this dilution. We know Crede got 26Million, but how many more were issued, if any?
do you know the total number of new FREE shares introduced, based on Crede's ~26million shares you referenced and the 9.9% limit?
is it solely to rising shipping rates?
can someone explain why this is moving up so fast?
stupid question, but what's a "GAP", I don't mind reading if you can give me a nice link.
What is "gap".
NUGT and BAA have been good to me....go GOLD!!!
I dumbed at .30 about 12:30 today...it feel like a rock after that...I was behind this thing for a couple weeks, then I couldn't find any legit news, so I let it take it's daily lunch time bump and bailed.
UP $0.06 real fast today, I got in at 0.08 last week....this is fun..just hope the decline doesn't occur too rapidly
up .20 overnight, been a tough few days..but long on this one....wouldn't mind another considerable dip to put in some more shares
I was hoping for more volume on this one. I got in a couple weeks ago, steady rise I'm hoping for a spike here soon. Going long
I got in BIG at .08 couple weeks ago, I told myself i'm out at .30, well, I watched .30 come and go REAL fast this afternoon...i'm a dolt!!
I'm in long on this one, why not? As long as Gold stays 1300+
Short for how long? What's your jumping out point?
Do you think this will carry into Monday, or will their be a massive sell at 4pm?