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Last $0.03 USD
Change Today -0.0025 / -7.02%
Volume 5.4M
FREE On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

freeseas inc (FREE) Snapshot

Open
$0.04
Previous Close
$0.04
Day High
$0.04
Day Low
$0.03
52 Week High
05/19/14 - $1.45
52 Week Low
04/24/15 - $0.03
Market Cap
3.5M
Average Volume 10 Days
5.7M
EPS TTM
$-288.75
Shares Outstanding
105.5M
EX-Date
03/26/09
P/E TM
--
Dividend
--
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 2, 2014, its operational fleet had approximately 197,200 deadweight tons with the average age of 16.6 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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

freeseas inc (FREE) Key Developments

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.

FreeSeas Inc. Approves Amendment to Amended and Restated Articles of Incorporation

FreeSeas Inc. announced that at the annual meeting of the company's shareholders held on December 18, 2014, the shareholders approved an amendment to the Amended and Restated Articles of Incorporation of the Company to increase the company's authorized shares of common stock from 250,000,000 to 750,000,000.

FreeSeas Inc. Proposes Amendments to the Articles of Incorporation

FreeSeas Inc. at its annual meeting of shareholders to be held on December 18, 2014, will approve 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-10 and determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the company's transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, provided that, that the company shall not effect reverse stock splits that, in the aggregate, exceeds 1-for-15, and any reverse stock split is completed no later than the first anniversary of the date of the Annual Meeting.

 

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FREE:US $0.03 USD -0.0025

FREE Competitors

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Company Last Change
Genco Shipping & Trading Ltd $7.10 USD -0.05
Global Ship Lease Inc $5.46 USD +0.13
NewLead Holdings Ltd $0.01 USD +0.002
Paragon Shipping Inc $0.75 USD +0.0279
Seanergy Maritime Holdings Corp $0.77 USD +0.0042
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Industry Analysis

FREE

Industry Average

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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