FSNR Chart: http://stockcharts.com/h-sc/ui?s=FSNR&p=D&b=5&g=0&id=p03066962511
Link to Freestone Resources (FSNR) Home web site and news:
Officers, Directors, and JV own 38,009,167 shares collectively. FSNR's JV Dynamis has a warrent for another 5,000,000 shares. That gives a total of 43,009,167 shares (including the warrent shares) that are not being traded
, none of the officers, directors
, or the JV have sold a single share - not one share.
The last quarterly report shows 86,138,117 shares outstanding, since then another 3MM was awarded to the new CEO
Michael McGhan, bringing the total to 89,138,117 shares outstanding out of 100 MM authorized, which makes the above Freestone Resources management and JV total figure a very substantal percentage of total shares outstanding and authorized.
Below is a breakdown of shares owned in desending order of share size held: Gerald Johnston, Director ... 12,903,667 http://www.sec.gov/Archives/edgar/data/1019049/000112178116000385/xslF345X03/gmjfm421016.xml Clayton Carter, Vice President of Opperations ... 7,605,000 http://www.sec.gov/Archives/edgar/data/1089319/000112178115000267/xslF345X03/ccarterfm492415.xml Don Edwards, Investment Officer ... 6,500,000 http://www.sec.gov/Archives/edgar/data/1089319/000112178115000269/xslF345X03/gdefm492415.xml Michael McGhan, CEO, Chairman, President ... 6,000,000 http://www.sec.gov/Archives/edgar/data/1089319/000112178116000374/xslF345X03/mmcghanfm411116.xml Dynamis, JV partner ... 5,000,000 with warrents for 5,000,000
exercisable at 80 percent of the average share price over the previous 10 days. http://www.sec.gov/Archives/edgar/data/1089319/000112178115000305/fsnr10q93015.htm
PETROZENE is a solvent that breaks down paraffin, disperses oil tank sludge, and has other unique industrial-use qualities. PETROZENE is made from a byproduct of recycled petroleum-based products, so it will not contaminate the oil reserve to which it is being applied. Furthermore, the process that creates PETROZENE helps reduce the worldwide problem that petroleum waste products pose to our environment every year.
The discovery of PETROZENE began with a desire to solve the environmental hazards that various petroleum waste products pose to the environment. Freestone Resources, Inc. has worked with numerous industry partners to recycle these post-consumer materials, and utilize their byproducts in a proprietary way for the oil and gas industry.
PETROZENE has many uses within the oil industry. Below are the applications that are currently available:
Oil Tanker & Oil Tank Solutions:
PETROZENE has been shown to be an effective dispersant of oil sludge buildup. The research efforts of Freestone Resources, Inc. and industry partners have shown it to be especially effective in large, long range oil tankers. With the proper amount of PETROZENE applied to each shipment of oil, they have produced results that show a dramatic reduction in oil sludge buildup on the bottom of the tanks. These same results have been shown in oil storage tanks as well. With the proper application of PETROZENE, costs and operational downtime due to cleaning can be cut dramatically for each.
Oil Well Enhancement:
Freestone Resources, Inc. has also done thorough research concerning oil well enhancement with the application of PETROZENE. Freestone has discovered that a minimal amount of PETROZENE utilized down the wellbore will dissolve and further inhibit Paraffin and asphaltene buildup in the well casing. This buildup of paraffin causes other problems such as clogging up lines, pump failures, pressure bursts, and seal failures which can all be dramatically reduced with the proper application of PETROZENE.
Numerous independent studies have shown that a minimal amount of PETROZENE decreases the viscosity of heavy oil. These tests indicate that PETROZENE can be utilized in pipelines that transport heavy oil in order to increases their efficiency and flow rate.
We are currently researching many other uses and applications. If you or your company feel there may be a unique application within your business or would like to work with us to create a specific solution, feel free to contact us