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Last $0.08 USD
Change Today +0.008 / 11.43%
Volume 8.6M
FREE On Other Exchanges
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

freeseas inc (FREE) Snapshot

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Day High
Day Low
52 Week High
06/2/14 - $10.65
52 Week Low
05/21/15 - $0.07
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for FREESEAS INC (FREE)

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freeseas inc (FREE) Details

FreeSeas Inc., through its subsidiaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. Its fleet consists of five Handysize vessels and one Handymax vessel. As of April 23, 2015, its operational fleet had approximately 148,978 deadweight tons with the average age of 17.7 years. The company was formerly known as Adventure Holdings S.A. and changed its name to FreeSeas Inc. in April 2005. FreeSeas Inc. was founded in 2004 and is based in Athens, Greece.

freeseas inc (FREE) Top Compensated Officers

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Executives, Board Directors

freeseas inc (FREE) Key Developments

FreeSeas Inc. Proposes to Amend the Amended and Restated Articles of Incorporation

FreeSeas Inc. will propose to grant discretionary authority to the company’s board of directors to amend the amended and restated Articles of Incorporation of the company to effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock ratios within the range from 1-for-2 up to 1-for-50. It will be proposed at the annual meeting of shareholders to be held on June 12, 2015.

FreeSeas Inc. Auditor Raises 'Going Concern' Doubt

FreeSeas Inc. filed its 20-F on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Russell Bedford Stefanou Mirchandani LLP - RBSM LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

NASDAQ Provides Second Grace Period of 180 Days To FreeSeas To Comply With the Minimum Bid Price Requirement

FreeSeas Inc. received a letter from NASDAQ notifying the Company that it has been provided an additional 180 calendar day period, or until July 13, 2015, to regain compliance with the minimum $1 bid price per share requirement. The Company's eligibility for the additional period was based on meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the NASDAQ Capital Market with the exception of the bid price requirement, and the Company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If at any time during this additional time period the closing bid price of the Company's common stock is at least $1 per share for a minimum of 10 consecutive business days, NASDAQ will provide written confirmation of compliance and this matter will be closed. If compliance cannot be demonstrated by July 13, 2015, NASDAQ will provide written notification that the Company's common stock will be delisted. At that time, the Company may appeal NASDAQ's determination to a Hearings Panel (the "Panel"). If the Company appeals, it will be asked to provide a plan to regain compliance to the Panel.


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FREE Competitors

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Company Last Change
Eagle Bulk Shipping Inc $10.41 USD -0.16
Genco Shipping & Trading Ltd $7.05 USD +0.15
NewLead Holdings Ltd $0.0075 USD +0.0005
Paragon Shipping Inc $0.81 USD -0.02
Safe Bulkers Inc $3.54 USD -0.05
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Valuation FREE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

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