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FREE on watch with earnings next week. Lowest mkt cap of shippers.. Very low float after last year r/s means it can make a run for it.
2.36 $FREE
Look at FREE, earnings next week. Lowest market cap of shipping industry. Undervalued here at 2.36 with a low float after last year r/s.
FREE, low float with earnings next week - watch for easy movement north
FreeSeas Schedules Financial Results and Conference Call for Its 2011 First Quarter
Freeseas Inc. (MM) (NASDAQ:FREE)
FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEZ) ("FreeSeas" or the "Company"), a transporter of drybulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that it will release financial results for its first quarter ended March 31, 2011 prior to the opening of the stock market on Tuesday, June 7, 2011. The Company will then discuss those results in a conference call later that afternoon at 12:00 PM ET.
Participant Dial-In Numbers:
(In the United States): 877-407-8031
(International): 201-689-8031
Webcast
The call will also be simultaneously broadcast over the Internet. To listen to the live webcast, please go to www.freeseas.gr and click on the conference call link, or go directly to: http://www.investorcalendar.com/IC/CEPage.asp?ID=164284.
The Company will also have an accompanying slide presentation available in PDF on its website prior to the conference call.
The webcast will be archived and accessible for approximately 30 days if you are unable to listen to the live call. To listen to the live call, please go to the website at least 15 minutes early to register, download and install any necessary audio software.
About FreeSeas Inc.
FreeSeas Inc. is a Marshall Islands corporation with principal offices in Piraeus, Greece. FreeSeas is engaged in the transportation of drybulk cargoes through the ownership and operation of drybulk carriers. Currently, it has a fleet of six Handysize vessels and two Handymax vessels. FreeSeas' common stock and warrants trade on the NASDAQ Global Market under the symbols FREE and FREEZ, respectively. Risks and uncertainties are described in reports filed by FreeSeas Inc. with the U.S. Securities and Exchange Commission, which can be obtained free of charge on the SEC's website at http://www.sec.gov. For more information about FreeSeas Inc., please visit the corporate website, http://www.freeseas.gr.
FREE releasing results and CC on June 7th.
Will we see some volume / action??
Range today 2.35 to 2.44
Markets down 230points...DRL hanging in there
Huge end of day chunk bought at high of day ... 56,589 shares at 8.27
HUGE After Hours Chunk... 408,756 shares at 2.08
After hours chunk, 8,631 shares at 2.12 ($18,297)
lol...lets see $5 and I'll start making reservations
DRL is gooooing
Another after hours chunk, 8,164 shares at 1.96 ($16,000) at 4:02pm
DRL
Good volume today! Closing strong
I was in IBCP in Dec/Jan and it moved fast, hoping DRL does same.
I think we could put another dollar on the price by next quarter earnings.
Nice! Going for 1.90 today
Bottom is in?
1.84 x 1.85 DRL looks good again
New JHTXQ low .0411
DRL is an Attractive Investment
Beginning May 23, 2011, Doral Financial Corporation intends to use the investor presentation materials filed herewith, in whole or in part, in one or more meetings or telephone conferences with current and prospective investors. A copy of the investor presentation materials is attached hereto as Exhibit 99.1.
http://sec.api.thomsonib.com/servlets/RetrieveAsFiled?CONT_KEY=11865103&FILE=0000950123-11-052997g27344exv99w1.htm&SESSIONID=4EA149DC-E84C-4643-9657-3FE3197A264D
Another after hours chunk, 10,776 shares at 1.83 ($19,612) at 4:01pm
DRL
Agreed. FREE is getting extremely undervalued at these levels. And with a low float, it will pop.
DRL - up on a red day...again :)
Agreed. AMHD has potential much like the recent STH* runner
IMHO
Another after hours chunk.. 46,143 shares at 1.82 ($83,980)
DRL
Yes, saw lots of dumps at .075
new highs coming LYJN?
You are correct imo.
JHTX still has to add the Q.
Agreed. Stock is lower than CEO buyins last week. Good entry here.
.07? ... perhaps. Good luck.
I think it can go cheaper. imho
Just saw the PR re: Walmart...thats pretty big news.
No, not in at the moment.
As most predicted.
JHTX BANKRUPTCY
Jackson Hewitt Reaches Agreement With Lenders to Restructure Debt
Jackson Hewitt Tax Svc (QB) (USOTC:JHTX)
Intraday Stock Chart
Today : Tuesday 24 May 2011
Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (OTCQB: JHTX), the nation's second largest tax preparation firm, today announced that it has reached a definitive agreement with its secured lenders on a restructuring plan that will significantly reduce the company's outstanding debt and interest expense, while putting the company on solid financial footing with an appropriate capital structure to support its business plan going forward. Jackson Hewitt expects the restructuring plan to be fully implemented in 45-60 days. During this period, Jackson Hewitt will have the liquidity and financial flexibility to operate in the normal course and begin preparations for the 2012 tax season. In connection with the restructuring plan and its implementation, Jackson Hewitt expects that no disruption will be experienced by its clients, franchisees or employees.
"This is a very important and positive day for Jackson Hewitt and its key constituents," stated Philip H. Sanford, president and chief executive officer of Jackson Hewitt. "Our clients, franchisees, employees and business partners can be confident in our future, as we take the steps to reduce our debt and interest expense, while significantly strengthening our balance sheet. The debt and interest rate burden we have carried in recent years has limited our potential and financial flexibility and, this will no longer be the case. With the solid support of our secured lenders, the debt restructuring we are implementing will position Jackson Hewitt with a strong balance sheet, a fully funded business plan and the ability to make investments that will better position us to compete and win in the market place going forward. The Jackson Hewitt brand is greatly strengthened by the actions we are taking today, and we can confidently begin our preparations for the 2012 tax season and beyond. Our only regret is that there is insufficient value for our equity holders and unsecured creditors to share."
"It is also important to note that the day-to-day operations of our business will not be affected by the implementation of our debt restructuring plan," continued Sanford. "We want to assure our clients, franchisees and employees that we are committed to strengthening Jackson Hewitt for the long term and to continuing to provide quality, accurate tax preparation services that meet the needs, and exceed the expectations, of our valued clients."
In order to implement the financial restructuring, Jackson Hewitt and its subsidiaries today filed voluntary petitions for reorganization under chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The Company also filed, with the petitions, a pre-packaged plan of reorganization that contains the terms of the restructuring agreed to with the company's lenders.
Since Jackson Hewitt has already received all of the necessary approvals from its secured lenders for the proposed Plan, it will request that the Court confirm the Plan on an expedited basis. In the interim, Jackson Hewitt's franchisees will experience no changes in their day-to-day business activity and Jackson Hewitt clients will have continual access to tax preparation services at Jackson Hewitt offices nationwide.
Under the terms of the proposed Plan, Jackson Hewitt's current secured lenders will receive their pro rata share of a new $100 million term loan and all of the equity in the reorganized enterprise. The Company also anticipates entering into a new $115 million revolving credit facility upon consummation of the Plan. It is anticipated that upon consummation of the proposed Plan, Jackson Hewitt's new equity will be privately held. Under the proposed Plan, all of the Company's existing common stock will be cancelled upon Jackson Hewitt's emergence from bankruptcy.
Moelis & Company is acting as financial advisor to Jackson Hewitt, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as Jackson Hewitt's counsel.
Anybody else notice for DRL that at about 4:02 pm about every day there is a large block buy going through, sometimes 35K share blocks or more. Today's example isn't huge (7845 shares) but its at the high of day 1.74. Just an observation that maybe points towards some larger accumulation happening here.
Would love to see DRL finish at HOD and green. 1.72 x 1.73
EEGI will run..every dog has it's day. Accumulation time.