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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (352)	7/29/2009 12:22:14 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

FreeSeas (stock symbol: [t]FREE[/t]), which is trading at $1.84 this morning, has announced that it is extending the expiration date and reducing the strike price of its Class W warrants: FreeSeas Announces Extension and Re-Pricing of FREEW Warrants Press Release Source: FreeSeas Inc. On Wednesday July 29, 2009, 8:30 am EDT PIRAEUS, Greece, July 29, 2009 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE - News; Nasdaq:FREEW - News; Nasdaq:FREEZ - News; "FreeSeas" or the "Company"), a transporter of drybulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, announced today that it is extending the expiration date and reducing the exercise price for its 786,265 outstanding Class W warrants currently listed under the ticker FREEW. The expiration date of the Class W warrants is extended to December 31, 2009 and the exercise price per share is reduced to $2.50. The original expiration date of the Class W warrants was July 29, 2009 and the original exercise price per share was $5.00. Each Class W warrant entitles the holder to purchase one share of FreeSeas' common stock. All other terms of the Class W warrants remain unchanged. <snip> finance.yahoo.com