Replies to post #103583 on DD Support Board and Research Team

[nodummy]

Because of FREE's super ugly convertible debt situation it is pretty much impossible to keep up with the float size there unless the TA is ungagged and you can contact the TA. The float is growing on an almost daily basis.

FREE has done 6 reverse splits since 2010 including 3 in the past year

Capital Change=shs decreased by 1 for 5 split Pay date=10/01/2010.
Capital Change=shs decreased by 1 for 10 split Ex-date=02/14/2013.
Capital Change=shs decreased by 1 for 5 split Ex-date=12/02/2013.
Capital Change=shs decreased by 1 for 7.5 split Ex-date=05/11/2015.
Capital Change=shs decreased by 1 for 50 split Ex-date=06/26/2015.
Capital Change=shs decreased by 1 for 60 split. Ex-date=01/15/2016.

http://www.otcmarkets.com/stock/FREE/profile

If you owned $750,000 worth of FREE stock at the start of 2013 that stock is now worth only $.08 because of all the dilution and reverse splits. If you owned $1.9m worth FREE stock in early 2012 that stock is now worth only $.08 because of all the dilution and reverse splits. $4m worth of FREE stock at the start of 2011 is now worth only $.08 because of all the dilution and reverse splits. $54m worth of FREE stock from 2007 is now worth only $.08 because of all the dilution and reverse splits. Hard to even imagine losing $54m by investing in one stock. Pretty ugly.

https://www.profitspi.com/stock/view.aspx?v=stock-chart&uv=110794&p=FREE#&&vs=635907998205573811




FREE could very possibly be headed towards a 4th reverse split in less than a year. With all the convertible debt Notes they keep adding to their books there is no question there will be more reverse splits for FREE in the future. Almost every recent 6k is for a new toxic convertible Note being added to the books

http://www.otcmarkets.com/stock/FREE/filings

A $250,000 toxic Note on January 6, 2016
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11113786
A $600,000 toxic Note on December 8, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11058594
A $500,000 toxic Note on October 26, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10975447
A $600,000 toxic Note on September 2, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10902991
A $600,000 toxic Note on July 13, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10807956

All of that equates to tons of future dilution and more reverse splits.


The only other Big Board ticker I can think of that challenged the ugly FREE convertible debt situation is NEWL

NEWL did 5 reverse splits in less than a year then the NASDAQ said enough is enough and gave them the boot

Capital Change=shs decreased by 1 for 12 split. Ex-date=08/03/2010
Capital Change=shs decreased by 1 for 15 split Ex-date=10/17/2013.
Capital Change=shs decreased by 1 for 3 split Ex-date=12/06/2013.
Capital Change=shs decreased by 1 for 10 split Ex-date=03/06/2014.
Capital Change=shs decreased by 1 for 50 split Ex-date=05/15/2014.
Note = Delisted from NASDAQ on 7-22-2014
Capital Change=shs decreased by 1 for 50 split. Ex-date=07/15/2014.

http://www.otcmarkets.com/stock/NEWL/profile

$195m worth of stock in NEWL from 2006 is now worth only $.0001

https://www.profitspi.com/stock/view.aspx?v=stock-chart&uv=110794&p=NEWL





FREE could eventually be booted also and end up like NEWL, but until then there will always be a few people/groups that will try their luck playing FREE for a short term bounce off the big drops the dilution is causing hoping they catch the ticker during a short break between conversions.

[1manband]

A guy named Pedro told me FREE's OS is 750 million. This after a R/S last Mo

And that is a good example of why you should NEVER put a penny in a stock that has issued toxic death spiral convertibles. They are called "toxic" for a reason - they kill every company that issues them.

SEC filings are your friend. Always look there first to see if a Company is a toxic death spiral issuer. If they are, you don't need to do any more DD on the Company. That is all you need to know that it is not an investment worth making. It should not take more than 60 seconds to go to EDGAR, look up the Company, call up the most recent 10-Q or 10-K filing, and quickly scan the financial statements to see if there are toxic death spiral convertibles issued. That is 1 minute out of your life that could save you thousands of dollars (that beats GEICO any day).

And if the Company is not an SEC registrant or filer, than it is even easier. It is not a worthy investment under any circumstances.

[shajandr]

Rachel does nott want her daddy to ever waste even ONE penny in ANY pennystock.

Rachel wants her daddy to put all those pennies that are jangling in his pocket into a TAX-FREE 529 plan for her higher education expenses.

If your state offers a tax deduction or credit for using the 529 plan offered by your state, then look at that plan and see if you'll benefit from the tax credit or deduction.

If your state doesn't offer a tax deduction or credit for you, then choose a 529 plan from any state. Ones which offer low expenses and good investment choices include: California ScholarShare 529, Iowa, and Alaska. There are others as well which are OK - check Kiplinger or Forbes for 529 plan rankings, investment options, fees, etc,

If you don't know what 529 plans are, start reading and then set one or more up (you're nott limited to only one - even for the same future student beneficiary).

Rachel wants a future. That means her daddy stays the HELL ~OUTT of ANY pennystock and set up and funds at least one 529 plan for her education.

If her daddy is generous, he will also set up an Education IRA for Rachel - Vanguard is the best IMO - and put the munny in a dividend-paying equity fund of the Vanguard family.

Daddy will sign up for monthly automatic contribution from Daddy's Czeching account into the 529 plan(s).

When college and grad school roll around, Rachel and her daddy will be able to pay for her to study - and daddy will nott regret blowing any of his munny in penny stocks - which are ALL scams.