FreeSeas Inc fka FREEF

[bigtimetrader]

DRYS sold two old Panamax ships a week ago for $20 million - could FREEF be the buyers? They've stated repeatedly in their 20-F that any opportunities to purchase ships just like this will be undertaken. They didn't disclose the buyers, maybe because this is material information (i.e. it's a publicly traded entity) not yet disclosed by the purchasers!

From the 20-F:

phx.corporate-ir.net/phoenix.zhtml?c=182261&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEyMjU0MTEyJkRTRVE9MSZTRVE9MjcmU1FERVNDPVNFQ1RJT05fUEFHRSZleHA9JnN1YnNpZD01Nw%3d%3d

Business Strategy

Our primary objectives are to profitably grow our business and maximize value to our shareholders by pursuing the following strategies:

Expanding into larger asset classes (Supramax and/or Panamax). The recent market downturn has particularly affected the value of larger asset classes creating the potential for relatively greater capital appreciation and operational leverage as the market recovers. We shall also consider pursuing investments in larger asset classes in order to take advantage of all available opportunities as they arise.

DRYS article:
https://finance.yahoo.com/news/dryships-inc-announces-agreements-sell-200500126.html