Latest Freeseas Inc (FREE) Headlines FreeSeas a
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Posted On: 03/13/2014 8:42:59 AM
Latest Freeseas Inc (FREE) Headlines
FreeSeas announces the sale of the M/V Free Knight
GlobeNewswire - Tue Mar 04, 7:01AM CST
Athens, Greece, March 4, 2014 - FreeSeas Inc. (Nasdaq CM: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one Handymax vessel, announced today that the Company has sold the M/V Free Knight, a 1998-built, 24,111 dwt Handysize dry bulk carrier for a gross sale price of $3.6 million. The company expects that, as a result, a non-cash impairment charge of approximately $24 million will be reflected in its financial statements for the year ended December 31, 2013. The Company expects to recognize in its financial statements for the year ended December 31, 2013, a non-cash gain of approximately $10 million on the extinguishment of debt with release of the mortgages on the M/V Free Knight and M/V Free Maverick, as a result of the recent Debt Purchase and Settlement Agreement with Deutsche Bank and the Exchange Agreement with Crede Capital.
Dame Jonathan Pledges to Work With UN Board On Water, Sanitation
All Africa Global Media - Thu Feb 13, 6:25AM CST
First Lady, Dame Patience Jonathan, has promised to work with the UN Advisory Board on Water and Sanitation to ensure better environment in Africa.
Zhone Technologies Earnings Steady Despite Missing Analysts Estimates: Zhone Technologies, Inc. (NASDAQ: ZHNE), Cleveland BioLabs Inc. (NASDAQ:CBLI), FreeSeas Inc. (NASDAQ: FREE)
ACCESSWIRE - Tue Jan 28, 7:16AM CST
In the world of penny stocks, companies that produce consistent earnings stand out. One such company is Zhone Technologies, Inc. (NASDAQ: ZHNE).
Heat Biologics, Inc. to Present at "TEN"; Noble Financial Capital Markets' Tenth Annual Equity Conference on Tuesday, January 21, 2014
Marketwire - Fri Jan 17, 7:05AM CST
Heat Biologics, Inc. (NASDAQ: HTBX), a clinical stage biopharmaceutical company focused on the development of novel cancer immunotherapies, announced today that Jeff Wolf, Chief Executive Officer, will be presenting at "TEN"; Noble Financial Capital Markets' Tenth Annual Equity Conference on Tuesday, January 21, 2014 at 8:30 a.m. Eastern Time.
Ubiquiti inks distribution agreement with Ingram Micro
M2 - Thu Jan 16, 8:22AM CST
Ubiquiti Networks, Inc. (NASDAQ: UBNT) said it has announced a US distribution agreement with Ingram Micro Inc. (NYSE: IM).
Dry-Bulk Shippers: Why They're Moving Onwards and Upwards
at The Street - Wed Jan 15, 9:59AM CST
Dry-bulk shipping stocks FreeSeas (FREE), Eagle Bulk (EGLE), DryShips (DRYS) and Navios Maritime (NM) enjoyed much-needed gains on Wednesday.
FreeSeas to Close $8.5 Million Second and Final Tranche of Previously Announced $10 Million Investment
GlobeNewswire - Mon Dec 30, 7:31AM CST
December 30, 2013 - FreeSeas Inc. (Nasdaq CM: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced today that it will consummate the second and final tranche of the $10 million previously announced investment by Crede CG III, Ltd. (the "Investor"), a wholly-owned subsidiary of Crede Capital Group, LLC, an existing shareholder of the Company.
Shipping Stocks Are Back Afloat
at The Street - Mon Dec 30, 5:00AM CST
A strong week for Star Bulk, FreeSeas, NewLead, Seanergy and Eagle Bulk could suggest a bullish outlook for shipping.
Most active Nasdaq-traded stocks
AP - Fri Dec 27, 4:59PM CST
NEW YORK (AP) — A look at Nasdaq 10 most-active stocks at the close of trading:
FreeSeas Set to Possibly Pullback After Yesterday's Rally of 57.62%
Comtex SmarTrend(R) - Thu Dec 26, 4:28PM CST
FreeSeas (NASDAQ:FREE) traded in a range yesterday that spanned from a low of $1.52 to a high of $2.40. Yesterday, the shares gained 57.6%, which took the trading range above the 3-day high of $1.54 on volume of 16.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
These Four Dry Bulkers are Rallying on Thursday
at The Street - Thu Dec 26, 12:42PM CST
DryShips (DRYS), FreeSeas (FREE), Eagle Bulk Shipping (EGLE) and Genco Shipping & Trading (GNK) were rallying on Thursday.
FreeSeas announces Compliance with NASDAQ Bid Price Listing Rule
GlobeNewswire - Tue Dec 17, 6:30AM CST
December 17, 2013 -- FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that on December 16, 2013, NASDAQ notified the Company that it had regained compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the NASDAQ Stock Market and that the matter is now closed.
FreeSeas announces entering into terms with the insurers of M/V Free Goddess and expected return to service of vessel
GlobeNewswire - Wed Dec 11, 6:30AM CST
December 11, 2013 -- FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that it has entered into terms with the insurers of M/V Free Goddess pursuant to which the sum of USD 1,100,000 will be paid by the insurers to the Company. The amount of USD 700,000 has already been disbursed in favor of the Company pursuant to the terms agreed.
Key Earnings, News Developments: FreeSeas Inc, ReneSola Ltd, Rite Aid Corporation, BP plc, Plug Power Inc
PR Newswire - Fri Dec 06, 8:16AM CST
Market Buzz Report, an online portal for penny stock investors, issues key stock analysis for BP plc (NYSE:BP), ReneSola Ltd. (NYSE:SOL), FreeSeas Inc (NASDAQ:FREE), Plug Power Inc(NASDAQ
LUG), Rite Aid Corporation (NYSE:RAD).
ACHN, CTIC, DRYS and FREE added to NASDAQ Active Stock Watch List at GSR
ACCESSWIRE - Mon Dec 02, 9:00AM CST
New York, NY - (ACCESSWIRE) - 12/02/2013 - Growing Stock Report initiates its NASDAQ Active Stock Weekly Watch List adding Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Cell Therapeutics, Inc. (NASDAQ:CTIC), DryShips, Inc. (NASDAQ
RYS) and FreeSeas Inc. (NASDAQ:FREE)
FreeSeas Announces Reverse Split of Common Stock
GlobeNewswire - Mon Dec 02, 5:00AM CST
December 2, 2013 -- FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that the Company's Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the Company's issued and outstanding common stock at a ratio of one new share for every 5 shares currently outstanding.
Update FreeSeas Announces Results of Annual Meeting of Shareholders and Appointment of new Chief Financial Officer
GlobeNewswire - Thu Nov 21, 11:30AM CST
FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company") , a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that at the annual meeting of the Company's shareholders held on November 14, 2013, the shareholders (i) elected Mr. Keith Bloomfield and Mr. Focko Nauta as members of the Company's Board of Directors to serve until the 2016 Annual Meeting of Shareholders, (ii) ratified the appointment of RBSM LLP as the Company's independent registered public accounting firm as auditors for the year ending December 31, 2013 and (iii) granted discretionary authority to the Company's board of directors to (A) 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 at a ratio within the range from 1-for-2 up to 1-for-5 (the "Reverse Stock Split") and (B) 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, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-10, and (Y) any Reverse Stock Split is completed no later than the first anniversary of the date of the Annual Meeting.
FreeSeas announces the sale of the M/V Free Knight
GlobeNewswire - Tue Mar 04, 7:01AM CST
Athens, Greece, March 4, 2014 - FreeSeas Inc. (Nasdaq CM: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one Handymax vessel, announced today that the Company has sold the M/V Free Knight, a 1998-built, 24,111 dwt Handysize dry bulk carrier for a gross sale price of $3.6 million. The company expects that, as a result, a non-cash impairment charge of approximately $24 million will be reflected in its financial statements for the year ended December 31, 2013. The Company expects to recognize in its financial statements for the year ended December 31, 2013, a non-cash gain of approximately $10 million on the extinguishment of debt with release of the mortgages on the M/V Free Knight and M/V Free Maverick, as a result of the recent Debt Purchase and Settlement Agreement with Deutsche Bank and the Exchange Agreement with Crede Capital.
Dame Jonathan Pledges to Work With UN Board On Water, Sanitation
All Africa Global Media - Thu Feb 13, 6:25AM CST
First Lady, Dame Patience Jonathan, has promised to work with the UN Advisory Board on Water and Sanitation to ensure better environment in Africa.
Zhone Technologies Earnings Steady Despite Missing Analysts Estimates: Zhone Technologies, Inc. (NASDAQ: ZHNE), Cleveland BioLabs Inc. (NASDAQ:CBLI), FreeSeas Inc. (NASDAQ: FREE)
ACCESSWIRE - Tue Jan 28, 7:16AM CST
In the world of penny stocks, companies that produce consistent earnings stand out. One such company is Zhone Technologies, Inc. (NASDAQ: ZHNE).
Heat Biologics, Inc. to Present at "TEN"; Noble Financial Capital Markets' Tenth Annual Equity Conference on Tuesday, January 21, 2014
Marketwire - Fri Jan 17, 7:05AM CST
Heat Biologics, Inc. (NASDAQ: HTBX), a clinical stage biopharmaceutical company focused on the development of novel cancer immunotherapies, announced today that Jeff Wolf, Chief Executive Officer, will be presenting at "TEN"; Noble Financial Capital Markets' Tenth Annual Equity Conference on Tuesday, January 21, 2014 at 8:30 a.m. Eastern Time.
Ubiquiti inks distribution agreement with Ingram Micro
M2 - Thu Jan 16, 8:22AM CST
Ubiquiti Networks, Inc. (NASDAQ: UBNT) said it has announced a US distribution agreement with Ingram Micro Inc. (NYSE: IM).
Dry-Bulk Shippers: Why They're Moving Onwards and Upwards
at The Street - Wed Jan 15, 9:59AM CST
Dry-bulk shipping stocks FreeSeas (FREE), Eagle Bulk (EGLE), DryShips (DRYS) and Navios Maritime (NM) enjoyed much-needed gains on Wednesday.
FreeSeas to Close $8.5 Million Second and Final Tranche of Previously Announced $10 Million Investment
GlobeNewswire - Mon Dec 30, 7:31AM CST
December 30, 2013 - FreeSeas Inc. (Nasdaq CM: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced today that it will consummate the second and final tranche of the $10 million previously announced investment by Crede CG III, Ltd. (the "Investor"), a wholly-owned subsidiary of Crede Capital Group, LLC, an existing shareholder of the Company.
Shipping Stocks Are Back Afloat
at The Street - Mon Dec 30, 5:00AM CST
A strong week for Star Bulk, FreeSeas, NewLead, Seanergy and Eagle Bulk could suggest a bullish outlook for shipping.
Most active Nasdaq-traded stocks
AP - Fri Dec 27, 4:59PM CST
NEW YORK (AP) — A look at Nasdaq 10 most-active stocks at the close of trading:
FreeSeas Set to Possibly Pullback After Yesterday's Rally of 57.62%
Comtex SmarTrend(R) - Thu Dec 26, 4:28PM CST
FreeSeas (NASDAQ:FREE) traded in a range yesterday that spanned from a low of $1.52 to a high of $2.40. Yesterday, the shares gained 57.6%, which took the trading range above the 3-day high of $1.54 on volume of 16.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
These Four Dry Bulkers are Rallying on Thursday
at The Street - Thu Dec 26, 12:42PM CST
DryShips (DRYS), FreeSeas (FREE), Eagle Bulk Shipping (EGLE) and Genco Shipping & Trading (GNK) were rallying on Thursday.
FreeSeas announces Compliance with NASDAQ Bid Price Listing Rule
GlobeNewswire - Tue Dec 17, 6:30AM CST
December 17, 2013 -- FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that on December 16, 2013, NASDAQ notified the Company that it had regained compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the NASDAQ Stock Market and that the matter is now closed.
FreeSeas announces entering into terms with the insurers of M/V Free Goddess and expected return to service of vessel
GlobeNewswire - Wed Dec 11, 6:30AM CST
December 11, 2013 -- FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that it has entered into terms with the insurers of M/V Free Goddess pursuant to which the sum of USD 1,100,000 will be paid by the insurers to the Company. The amount of USD 700,000 has already been disbursed in favor of the Company pursuant to the terms agreed.
Key Earnings, News Developments: FreeSeas Inc, ReneSola Ltd, Rite Aid Corporation, BP plc, Plug Power Inc
PR Newswire - Fri Dec 06, 8:16AM CST
Market Buzz Report, an online portal for penny stock investors, issues key stock analysis for BP plc (NYSE:BP), ReneSola Ltd. (NYSE:SOL), FreeSeas Inc (NASDAQ:FREE), Plug Power Inc(NASDAQ
LUG), Rite Aid Corporation (NYSE:RAD). ACHN, CTIC, DRYS and FREE added to NASDAQ Active Stock Watch List at GSR
ACCESSWIRE - Mon Dec 02, 9:00AM CST
New York, NY - (ACCESSWIRE) - 12/02/2013 - Growing Stock Report initiates its NASDAQ Active Stock Weekly Watch List adding Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Cell Therapeutics, Inc. (NASDAQ:CTIC), DryShips, Inc. (NASDAQ
RYS) and FreeSeas Inc. (NASDAQ:FREE) FreeSeas Announces Reverse Split of Common Stock
GlobeNewswire - Mon Dec 02, 5:00AM CST
December 2, 2013 -- FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that the Company's Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the Company's issued and outstanding common stock at a ratio of one new share for every 5 shares currently outstanding.
Update FreeSeas Announces Results of Annual Meeting of Shareholders and Appointment of new Chief Financial Officer
GlobeNewswire - Thu Nov 21, 11:30AM CST
FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company") , a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that at the annual meeting of the Company's shareholders held on November 14, 2013, the shareholders (i) elected Mr. Keith Bloomfield and Mr. Focko Nauta as members of the Company's Board of Directors to serve until the 2016 Annual Meeting of Shareholders, (ii) ratified the appointment of RBSM LLP as the Company's independent registered public accounting firm as auditors for the year ending December 31, 2013 and (iii) granted discretionary authority to the Company's board of directors to (A) 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 at a ratio within the range from 1-for-2 up to 1-for-5 (the "Reverse Stock Split") and (B) 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, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-10, and (Y) any Reverse Stock Split is completed no later than the first anniversary of the date of the Annual Meeting.
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