Freeseas filed two days ago for yet another round of financing. The holder of that debt can convert to shares at a 40% discount to the lowest VWAP of the 21 days leading up to a conversion, consistent with the terms of the previous debt issued this year. What that means is that the share price will likely continue to drop while the share count will continue to increase exponentially, periodically being reduced by reverse splits. If you're long FREE or averaging down, you should re-think your position--those toxic financing events have been the reason for the precipitous drop this year and there's no obvious end to the events.