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And here is the reason why:
http://www.nytimes.com/2012/05/04/nyregion/wastewater-is-an-issue-in-hydrofracking.html
"Some environmental groups argue that, based on how New York now handles waste from conventional drilling, the state would be ill-prepared to deal with the enormous amount of wastewater produced by thousands of fracked wells."
This will be the last chance of getting shares under .20 for a long time to come.
Read this link & you will see the enormity of the problem!
http://www.equities.com/news/headline-story?dt=2012-09-10&val=465195&cat=energy
"In the future you have to find better ways to use, reuse and recycle the water supplies," he said. "Without that capability you cannot truly generate a beneficial product."
"...It is anticipated
is not found in the most recent 10-Q:
In October 2011, the Company entered into a joint venture with MEA Solutions, LLC to deliver a total solution for water resource management in the oilfield services sector. An integral component of the service includes owning and operating water recycling systems. The joint venture, Freestone Water Solutions, LLC, will utilize specialized, proprietary technology designed to treat and recycle flowback water (frac water that immediately flows back to the surface), as well as produced water for subsequent reuse in the fracking process.
http://biz.yahoo.com/e/120515/fsnr10-q.html
PR's are good, but real earnings announcements are better. If I were an investor looking to get into a start up company in the fracking waste water recovery business, I would buy FSNR under .30
Read this & it will give you insight into the future of companies like FSNR:
http://www.bloomberg.com/news/2012-07-23/drought-helps-fracking-foes-build-momentum-for-recycling.html
There is a strong base at .20 for FSNR. The next level of support is .42. The last run up peaked at .90. I think it is safe to say that .50 would be a reasonable short term price target for FSNR.
Whoever is in under .20 will be very happy they got in.
You're probably right. This stock is very tightly held by people that have been holding for a very long time.
It looks like the end of the line for Larry. The walls are closing in on him. Let's hope the judge makes his decision soon so Freestone can move on & become the success story that it should!
Yes, Ponzi, I mean Larry still has that stock. It is restricted shares.
Your remarks are genius! They just help the stock price go up!!!
This is considered a "Green Technology". Wait until the environmentalists here about this!!!!!!!!!!
15 machines x $ 3,000,000 = $ 45,000,000 in revenue from only 1 contract!!! Wow!!
The price rises so fast on FSNR with heavy volume. There won't be much time to cover.
Well said Falconer! The past is behind us.
No, Hydrex is the first of many companies buying equipment & solvent from Freestone Resources or it's subsidiaries. 12 years ago this stock was $ 27. It may go back!
With oil currently over $ 100/barrel, investors will be looking for new technologies. Freestone will get the funding.
Based on the amount of oil sands present in Utah alone, 14 million is 1 day's revenue!
With a 14 million dollar market cap, the market DOESN"T agree!
Stay tuned & keep reading the posts here & you may have all your questions answered!
This is the beginning of the revolution! Millionaires will be made.
I would call buying FSNR at $ .10 & selling at $ .90 very savvy! Don't you think?
If it was deleted from the OTCBB, why didn't the stock tank?
It will go higher this time. When they get the 30 million shares back from the tax cheat, swindling morons, the market cap will drop tremendously!
Next week is going to be fun watching this stock run!
Here is your link:
http://freestoneresourcesinc.com/
Keep checking for news.
Whoever has been shorting the stock recently better start covering because you will get slaughtered. Watch.
No pump here. After the demonstrations last week, the investors are lining up & a bidding war has now happened. Expect an announcement very soon & hopefully management will hold out for the highest price possible. Our day has come!
They are close to a deal. The numbers are staggering! Over $ 5 is concievable. Stay tuned.
Based on the 60 minutes piece the other night on Canada's Tar Sands, this news is monumental!!
I am very happy to be buying at this level. When it hits .90 again I'll sell.
USOG - Here we go again!!!
USOG - Here we go again!!!
I'm buying more & adding to my position!
USOG is building a nice base here!
USOG is moving up hard!
USOG EOD run!
USOG EOD run!