Replies to post #7302 on FreeSeas Inc fka FREEF

[MHMH]

'Funny' thing number one:

After Hours : 0.26 Up 0.05 (24.40%) Sep 19, 4:41PM EDT

'Funny' thing number 2: after their last split the share structure....well....got rather interesting. Take a look at the number of outstanding shares and float.

I don't have access to al levels of bid/ask but if the numbers are right I'm seeing a bid of 0,06(?) and a ask of 0,35. Manipulation! But that's rather obvious for a pretty long time.

Here some interesting stuff:

First an older post (user llessurK, posted in the end of June):

Below .50 under the current Share Structure would be a very tempting buy for me as well and very hard to pass up. I'm wondering if shorts are trying to force another non compliance keeping it down under $1 but also curious what would theoretically happen if they were to split the stock again as a result reducing the O/S size. Any open shorts would have to cover under a smaller float driving up the price significantly on less volume. A reduced O/S might also accommodate those recently sold Preferred/Warrants as well. Just a thought. What I have noticed is that this stock has moved huge in the past post split but there have been none so far this year so it's difficult to tell. Their silence is deafening considering the price decline following the very positive 06/02 announcement. Some companies publicly respond to this type of thing but Freeseas never really had a very frequent PR cycle in the past.

Some basic info:

Shares Outstanding Vs. Float

When float is much less than total number of shares outstanding, it suggests that insiders – officers and employees – own a large percentage of the stock. This is usually a good sign because you know that the insiders believe in the company and their interests lie with yours, for the stock price to go up. On the other hand, heavy insider selling can drive a stock price down, at least temporarily..When float is virtually identical to shares outstanding, you know you don’t have to fear insider selling – they have already sold. On the other hand, if insiders no longer own the stock, they don’t have the same interests as you, caring more about how much money they can get out of the company than what they can do to boost the stock price.

Increase in Shares Outstanding

When institutions own most of the float, the stock price tends to be less volatile. On the other hand, if its stock is in demand with institutions, a corporation can issue additional stock in a secondary public offering, increasing both shares outstanding and the float. The new supply of shares coming to market may push the stock price down, at least temporarily.