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FreeSeas Inc. - Common Stock (NASDAQ:FREE), Down By 15.05% ($0.14) From $0.930 After BUYINS.NET Report Predicted Weakness After

^{Published on 2011-11-02 11:40:38 - WOPRAI}
 

November 2, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, October 26th 2011 stating that FreeSeas Inc. - Common Stock (NASDAQ:FREE) was expected to be Down After its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=free&id=204130

At the time this story was written, FreeSeas Inc. - Common Stock (NASDAQ:FREE) is Down By 15.05% ($0.14) From $0.930 since the BUYINS.NET report was released.

The movement of stock prices in the days and weeks leading to and following earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php

FreeSeas Inc. - Common Stock (NASDAQ:FREE) - FreeSeas Inc., incorporated in April 2004, is a Marshall Islands corporation operating out of Piraeus, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of drybulk vessels. It has a fleet of three Handysize vessels. The Company operates through its wholly owned subsidiaries, Adventure Two, S.A., Adventure Three, S.A. and Adventure Four, S.A. The operations of the vessels are managed by Free Bulkers, an affiliated Marshall Islands corporation. Free Bulkers provides FreeSeas with a wide range of shipping services at a fixed monthly fee per vessel. These services include technical management, such as managing day-to-day vessel operations including supervising the crewing, supplying, maintaining and drydocking of vessels, commercial management regarding identifying suitable vessel charter opportunities and certain accounting services.

On March 24 2005, Trinity Partners Acquisition Company Inc. (Trinity), which was a black check company, and FreeSeas entered into an agreement and plan of merger providing for the merger of Trinity into FreeSeas. On December 16, 2005, the Company announced that it had completed its merger with Trinity, and in accordance with the terms of the merger, FreeSeas was the surviving corporation.

The operations of the Company's vessels are managed by Free Bulkers S.A. (Free Bulkers), an affiliated company. Free Bulkers provides FreeSeas with a range of shipping services at a fixed monthly fee per vessel. These services include technical management, such as managing day-to-day vessel operations, including supervising the crewing, supplying, maintaining and dry docking of vessels, commercial management regarding identifying suitable vessel charter opportunities, and certain accounting services.

During the year ended December 31, 2004, one charterer, Express Sea Transport Corporation, chartered both M/V Free Destiny and the M/V Free Envoy. Until the acquisition of the M/V Free Fighter, FreeSeas' only sources of revenue were the charters by Express Sea Transport Corporation. The M/V Free Fighter is being chartered by other charterers.

The Company competes with Dryships Inc., Diana Shipping Inc., Eagle Bulk Shipping Inc. and Excel Maritime Carriers Ltd.

About BUYINS.NET

BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

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DISCLAIMER:

BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. FreeSeas Inc. - Common Stock (NASDAQ:FREE) has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.

Contact: BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net http://www.buyins.net