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Re: welloff post# 26835

Wednesday, 03/04/2015 11:40:59 AM

Wednesday, March 04, 2015 11:40:59 AM

Post# of 40315
Welloff, I have the latest news and links to them!
The last blog from the ceo of fsnr link, almost a year ago. 
http://freestoneresourcesinc.com/blog/2014/03/20/petrozene-development-update-from-the-ceo/ ;
From looking at the last blog, it seems that is not gong to make it. 
as the blog is read, the statement is a pr will be given if any milestones met along with growth and development 
No pr in almost a year. 
Last 10Q from fsnr link; 
http://ih.advfn.com/p.php?pid=nmona&article=65591893 ;

the concern of fsnr to continue is a statement from the auditors for fsnr and signed by the management 

NOTE 5 – GOING CONCERN 

As reflected in the accompanying consolidated financial statements, Freestone incurred operating losses, and has a negative working capital position as of December 31, 2014. The above factors raise substantial doubt about Freestone's ability to continue as a going concern. Freestone's continued existence is dependent on its ability to obtain additional equity and/or debt financing to fund its operations. Freestone plans to raise additional financing and to increase sales volume. There is no assurance that Freestone will obtain additional financing or achieve profitable operations or cash inflows. The consolidated financial statements do not include any adjustments relating to the recoverability or classification of recorded asset amounts or the amount and classification of liabilities that might be necessary as a result of this uncertainty. 

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