Its 1:10 split will ironically kick in on Valentine’s Day, with theowner trading under the ticker FREED for the next 20 days to signal the move towould-be investors.
Freeseas has been facing de-listing threats from theNew York-based bourse for some time after its shares sank below the $1 levelrequired.
Shares in the bulker owner last traded at $0.24each, giving it a market capitalisation of just $1.9m
