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If everyone buys whatever position they are comfortable just sitting on for a little bit, this will blow up , I know website says 5 million float, but someone may have given web designer old info...I've heard either 5, 21, or 60 million for float...either of the three is still super low...if majority of float is bought up, any buying pressure we have lift off...example today, up 33% on about $2,500.00 in volume...imagine a ten or twenty million share day with majority being buys
Sad, but usually true....
7 reverse splits in 7 years, increasing authorized shares, doesn't take much to surmise what's happening here.... believe what you want....but keep this in mind while you await FREE doing the right thing, if you had spent $200 million dollars on FREE seven years ago, it would be completely worthless now....as in Nada, zilch , nothing
So for all you "longs" please let me borrow shares to short after this next reverse.... amazing......and no it can't "go either way" you may get a small bounce before reverse, but trust me, stay in long term and your money is gone....plus you realize this is an overseas company, Wilbur may not have free seas and their dingy on top of his list ha ha
There is no chance that I would ever buy a share of this garbage....before you step out with the troll bs, look back, I've posted here for atleast a year (even when over $2.00) to warn people of this scam...last thing people need is a new group of pumpers trying to talk them into buying this....come on, one reverse split a year and stock still has cheerleaders?
This reverse coming is 7th reverse split in 7 years....how is anyone in denial of the fact that the company has, and will continue, to screw investors....no bouncing, no new life, they are increasing authorized after split so they can make sure to ram it completely up everyone's ass this go around
Omg.........
I don't need to take notes but thanks for the offer :) I understand the logic, and theres a reason you see these trip stocks with bids and asks in the tens of millions, I sit on bid for 1000000 shares at .0008, once filled I put them up for sale at .0009 and make $100 less fees if they get bought....I get that and understand making money where you can , but in the long run that practice will continually drive price down when no catalyst present to drive it up....exhaustion will ensue and no more buyers will come in at ask (like yesterday, Everytime ask size went down someone would stack some more on.... eventually as that continues, buying at ask will dry up, you become forced to lower ask or sell at bid
Emailed company about a week ago, got a response today:
the company is in negotiations to finalize the entire business model
When news of it hits, should be very interesting :)
ASCK very consistent! Revenue - $0.00........where did all the pumpers go....I thought this was going to a dollar???
NWPN, website updated, filings coming to get current, .001, float only about 20 million
Excellent, website mods have started !! They are starting to move in a forward direction, soon we should see filings to get them current and get "stop" sign off...one day of buying pressure and this will explode!! Not enough shares in float :) this is why the other day it went .001, .0007, then up to .002 within hours on hard....months ago this was trading in the .005-.008 range and everyone thought they were defunct (including me) , we should start to move pretty quick, I think .01 ish is fair until we get stop sign removed, maybe a little more based in lack of float
By Feb 16, I can guarantee it will go close to $1.00....these guys will 100% use the maximum 1 for 10000, price will get down to .0001, then the reverse will send it to $1.00, then the cycle will continue....I'm glad some here are optimistic, but don't be....I only post on this board to try to steer anyone who will listen clear of this toxic dump....if you leave your money in this stock, it will be diluted until there is nothing left, period!!!!, This will be seventh reverse split in seven years...you can do the math, but after this reverse, if you had like 200,000,000 shares seven years ago , after this latest split you would have none.... imagine that, imagine owning a quarter of a billion dollars worth of stock and it pissed away to zero....not trying to be mean, but prior to reverse it will not reach a penny.....please please please protect whatever remains of your investment
Went through the same thing the other day, tons of posts deleted here, keep it on topic (like list how many times freef has reverse split etc) if they delete, report them....been posting here since before last split, so before it was even $2.00 a share ......keep posting truth so others don't keep loosing money with these crooks....where are all the pumpers that told me I was wrong wrong wrong?
? Huh :)
Would recommend calling transfer agent and verifying and not trust what you read here
Security Notes
Capital Change=shs decreased by 1 for 5 split Pay date=10/01/2010.
Capital Change=shs decreased by 1 for 10 split Ex-date=02/14/2013.
Capital Change=shs decreased by 1 for 5 split Ex-date=12/02/2013.
Capital Change=shs decreased by 1 for 7.5 split Ex-date=05/11/2015.
Capital Change=shs decreased by 1 for 50 split Ex-date=06/26/2015.
Capital Change=shs decreased by 1 for 60 split Ex-date=01/15/2016.
Note = Delisted from Nasdaq on 4-25-2016
Capital Change=shs decreased by 1 for 200 split. Ex-date=04/14/2016
A miracle pr
Freef has reverse split 7 times in last 6 years
You may want to consider that they are selling off assets because they realize that the gig will be up soon....I imagine the SEC is already investigating them from all these previous reverses...there have been MANY people filing complaints...would make sense to start selling off remaining assets and hide the cash (like all the cash from dumped shares) before the final hammer drops
??? Take off ??? Ok......they've got about 200-300 million left to dump, just watch.....
They can't let it run because company feverishly dumping shares into market until they reach their cap, at that point they will reverse....been saying that since last reverse when we were at $2.00 earlier this year. Not bashing, read all my posts this year, I repeat the same thing so hopefully others won't lose here....this weekend I heard some grief, but now down another 20-30% in two days, I'm still trying to warn, weekend pumpers long gone
Can someone smarter than me explain the S1 files today? Shares already sold? More shares to be sold? Cleaning up paperwork because of split?
It's the company and has been over the last 7 reverse splits
I'm in, should bounce, way oversold.. I'll stop bashing for a while :)
They will not stop till they reach authorized shares (unless they increase authorized)...so they still have roughly 300-400 million to dump, then they will reverse
Security Notes
Capital Change=shs decreased by 1 for 5 split Pay date=10/01/2010.
Capital Change=shs decreased by 1 for 10 split Ex-date=02/14/2013.
Capital Change=shs decreased by 1 for 5 split Ex-date=12/02/2013.
Capital Change=shs decreased by 1 for 7.5 split Ex-date=05/11/2015.
Capital Change=shs decreased by 1 for 50 split Ex-date=06/26/2015.
Capital Change=shs decreased by 1 for 60 split Ex-date=01/15/2016.
Note = Delisted from Nasdaq on 4-25-2016
Capital Change=shs decreased by 1 for 200 split. Ex-date=04/14/2016.
Yeah ok.....if any of you had some new info you would have blasted it all over this board...
Don't look at past PRs or filings to do your due diligence? Huh? Theres more to them than them selling their ships? Huh? They're supposedly in the "shipping" business
You guys come back at my posts like I'm taking an adversary role...let's see how this plays out...
I agree you don't "owe" me anything...it might be helpful though for the people you are trying to entice to buy this stock to provide them with actual information about this company that will cause the stock to improve in price. Only thing I've been pointing out is that these guys have reverse split 3 times in 18 months and people should know that....it's real information....I don't "owe" that information to anyone either but if it helps one person from not loosing their money then great! Maybe the price will bounce some who knows, I hope it does so people can make some bank or recover part of what they have lost. I'm sure you won't answer this .....and no , you don't "owe" me the answer, but in all reality would you truly hold this stock as a long term investment based on the last 18 months alone, not to mention how many reverse splits over last 5 years? One chart actually shows pps of $200,000,000.00 at one point 5 years ago (look at Etrade chart)....point being, if you make money great!! That's why we all play these penny stocks because we are gamblers, but with freef the history speaks for itself and history will repeat..and they WILL reverse again and soon ....and people will lose most if not all of their investment...or worse they hault it, then delist it....after like 7 or 8 reverse splits in last 5 years, does anyone really think this is the moment in time that they are going to change?
You say this based on what credible information? (please don't post the .43 buyout that FREE denied)
Ok.....it was more serious than a sense of humor....this will only get to "dimes" after next reverse split....3 year chart , high of $3,000,000.00 per share....never been a more blatent share selling scam...I do hope it runs for you, but "watch and learn"? I think not...just trying to warn others of what is painfully obvious here...hope you make money or atleast don't get hurt too bad....3 reverse splits in 18 months...what catalyst is going to catapult them to dimes, even pennies?
FREEF Intervention:
for those that are still enamored with this stock, we're gonna sit you down with some people that just love the heck out of ya and they're gonna read you a story:
Broke ass: your addiction has affected me in the following ways: I lost my ass when you reverse split in may 2015
Homeless: your addiction has affected me in the following ways: I lost my house when you reverse split January 2016
Out of luck: your addiction has affected me in the following ways: I ran crap out of luck when you reverse split April 2016
Come on guys...3 reverse splits since last may 3!!!!!!....I dont want "cheapies" , just realize what these crooks at freef are doing....how many "pumpers" have been here over last few days saying "bottom" and "here we go" then mysteriously disappear the next day? Cause they are usually pumping to get enough buyers coming in so they can get the hell out....don't believe the hype...buy other shipping companies, but your money will die here...just look at the history....take it from the people that have been posting here for months and months trying to warn people to keep their hard earned money out
Be nice if they knew how to spell ha ha :) "exiting" time ....or maybe that's a omen to get out while there's still a bid?
Once in a lifetime based on what? Have you looked up how many times these guys have reverse split in last few years....I get so sick and tired of people pumping , usually so they can exit their own position, regardless of who they step on....come on, once in a lifetime, $3 Nasdaq play....do the research, pull up three year chart...one share 3 year high $3,000,000.00 (yes it has split that many times)....(doesn't show on ihub, but check other charting sites, or etrade etc) you expect a few cents? Based on what? These guys at freef have done nothing but sell shares for years now...it's criminal!! Please don't try to drag others into this on the false hope that it's going to climb to multiple cents...a brief blip here and there maybe , but the overall momentum on this stock, has and always will be down, they will reverse again, unless they get delisted
Exactly, probably having a special board meeting to increase AS as we speak, one more dump before reverse
It will get to .43, albeit you may only have 1/10th to 1/100th of the shares you own now...at the rate of dilution, they should be announcing next reverse by 12-31
They are professional reverse splitters , there is a ton of blood left to them....they will (mark this post) push this all the way down to .0001 and reverse, again , for whatever it is, like the 5th time in 2 years...no bashing at all...this will happen guaranteed....I've posted before, my account holds 1 share...it has reversed so many times, I have been left with a partial share, so they round it to one share...the earnings on that one share is negative over $6,000,000.00....no more blood???.....for these guys with this much volume they are laughing all the way to the bank and printing shares as fast as possible!!! Anything above .0000 is money in the bank for them as long as someone buys
No shorts are covering....you can't borrow this stock to short, if you could get any , it was over a dollar and a few thousand shares....if you can borrow this stock to short it at these levels, prove it....trust me, as soon as this reversed the last time,me and probably a thousand others were trying to borrow this terd....if you could even get it, you had to pay a premium for them (market makers) to find it.....there are no "shorts" manipulating this, rather a couple of assholes selling shares from Greece or wherever they are as fast as they can....just wait, they can't go more than 7-8 months without reverse splitting....shoikd be any minute now....when you can pull up a 5 year chart (not ihub) and see the price per share has been in the millions.... something is wrong :)
Nice :)
I know....my point being way back when I only had a few thousand shares (price lots higher), it split so I left it there, it split 2 or 3 more times, I was left with a fractional share so they rounded it up to 1 share..so....that one share being worth .003, I'll never sell cause it will cost me $9.99 and the only thing I'll get would be the joy of not seeing that one share sitting there....truly I hope it runs up good for you guys , I don't hate on anyone making money, just be cautious cause these guys put the crook in crooked...