InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
4,967.23
(
-0.88%
)
US TECH 100
16,570.00
(
-2.16%
)
Dow Jones
37,986.40
(
0.56%
)
Brent Oil
86.63
(
0.24%
)
Bitcoin
64,261.48
(
1.18%
)
Post# of 17242
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Top Penny

Send PM Follow Ignore
Followers 1321
Posts 22595
Boards Moderated 3
Alias Born 11/15/2011

Top Penny

Member Level

Re: None

Friday, 08/17/2018 1:52:45 PM

Friday, August 17, 2018 1:52:45 PM

Post# of 17242
FREEF has zero ships now...


Athens, Greece, August 3, 2018 -- FreeSeas Inc. (OTCPK: FREEF) ("FreeSeas" or the "Company"), announced today that the Company has sold to unrelated third parties, the M/V Free Neptune, a 1996-built, 30,838 dwt Handysize dry bulk carrier for a gross sale price of USD 2.4 million. Sale proceeds were used for the satisfaction of preferred creditors, including the National Bank of Greece (NBG), which consented to her sale and released her first preferred mortgage. Discussions continue with the standalone lender NBG regarding releasing the Company’s corporate guarantee and final settlement. The Company will now focus on income from dry-bulk chartering activities, pending the settlement of outstanding debt with NBG.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up