I noticed one stated, try, try, try again till ya succeed!
gives the impression they didn't succeed on the latest blog, as to building new petrozene machines?
The 20th of this month will be a year since the last word from fsnr's ceo.
he said he would pr if any milestones as to growth and development.
no pr, so no growth and development.
Snip;
We are in the final stretch of completing our goals so that we can begin construction of the equipment. Freestone will issue press releases as we reach various milestones relating to the growth and development of this segment of the Company.
also on the last 10Q,
snip
Revenue decreased in the six months ended December 31, 2014,
(due to the drop in the sale of Petrozene™).
Cost of Revenues- Cost of sales (Petrozene™) for the three months ended December 31, 2014 and 2013 were ($0) and $2,591, respectively.
Cost of sales for the six months ended December 31, 2014 and 2013 were ($0) and $5,516, respectively.
(The cost is related to (purchasing) and
(transporting the product).
no mention of sales?
back to the 10Q,
Net Income (Loss) - Net loss for the three months ended December 31, 2014 was $69,331 compared to net loss of $67,920 for the same period in 2013.
Net loss for the six months ended December 31, 2014 was $202,417 compared to $125,483 for the same period in 2013.
The increase in the net loss was due primarily to changes in valuation of derivative liability associated with outstanding stock warrants from a $66,723 gain in 2013 to a $66,416 expense in 2014 offset by a reduction in operating expenses detailed above
(No commitments to provide additional funds have been made by management or other stockholders).
What?
(No commitments to provide additional funds have been made by management or other stockholders)
back to 10Q,
Our independent auditors included a going concern explanatory paragraph in their report included in our annual report on Form 10-K for the year ended June 30, 2014,
which raises substantial doubt about our ability to continue as a going concern.
Doubt?
substantial doubt about our ability to continue as a going concern
back to 10Q,
Snip:
I, Clayton Carter, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Freestone Resources, Inc.
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
I also can see the doubt that fsnr can continue much longer if aid don't come>
just my opinion and thoughts.
This means the administration accepts all that was stated on the 10Q, according to what I understand.
What happened to the last blog about building petrozene machines?
