Penny Stock?? OceanFreight Inc

[Vanraw]

Jaken, Whats your take on this guy?

OceanFreight Inc. (Public, NASDAQ:OCNF)
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I remember tracking this stock back when it was $20 with a .77 cent dividend. Now its trading at sub $1 and was given notice by NASDAQ that it my be dlisted if it dosent get it stock above $1.

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OceanFreight owns a fleet of 13 vessels comprised of nine drybulk carriers (three Capesize, six Panamax) and four crude carrier tankers (one Suezmax, three Aframaxes) with a combined deadweight tonnage of about 1.4 million tons

Here is why I'm looking at freight still. This morning the retailers have started annoucing really solid numbers. But I'm hearing issues about lack of inventory, because said retailers have not filled orders based on concerns of the economy. Well now they will have to fill.

I am wondering if Ocean Freight is quick hit money doubler, or a bankruptcy waiting to happen.