FreeSeas Inc fka FREEF

[Stelth Mode]

My course of action will be to place a limit sell order (GTC) on 70% of my shares at 30% higher than the open on the first day after FREEF resumes trading after the RS.

Over the past 20 years, I have seen many trip zeros after Reverse Splits behave in this way before they eventually sell off. After the third day of trading they tend to sell off quickly (usually, in my opinion).

HOWEVER, if the Reverse Split miraculously comes in at 10 to 1 or less (HIGHLY UNLIKELY), I will consider it a strong HOLD!

DISCLAIMER: This is in no way advice. I'm just telling you what I plan to do.