FreeSeas Inc fka FREEF

[makesumgravy]

Dividend $ 0.30 / Dividend Yield 21.74%

It would be nice if they would pr they've completed raising capital as they warned when they began. I have to give them credit for putting this info out there as opposed to getting broadsided, as many companies do.

In a market like this many companies are gonna be long term holds if they can maintain their senior status. 2 things I wish would happen, if the Congress doesn't stop short selling, banning it as they should, options are already available, there is no need to keep this avenue of corruption open to Hedgies, and all of Wall Street. If they don't re-implement the uptick rule. This would help stocks across the board. The things that did the market in during the 20's was no regulation, shortselling/naked shortselling and all of the corruption. The other things will involve rational salaries, and the rational raising of capital. In this companies case as in many others this is an unsurmountable amount of money.