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Wave - Thanks for the informative post. Are you a newsletter publisher in the Oil and Gas industry? I'm confused as to whether you are the author or re-posting from something else? KP
DB made some good points that might be news to the mainstream but probably not to my readers:
Woodrow - It looks like 'tiny inconsistencies' to some are 'red flags' to others.
Would you please email me - kpoll10@aol.com
I have a private question and do not have PM.
KP
I agree! It all hinges on the nature of upcoming sworn filings from the Company (and lab tests?). Once FSNR shareholders know what pieces of the 'Petrozene Potential' we own, the price could soar! kp
All we have right now are news announcements and pinkies can release almost anything without swearing to it. JMHO
stocky1 - The success of Freestone's business plan (and our investment) hinges on the availability of a by-product of recycled tires does it not? It is my understanding that we do not 'own' the carbonators capable of producing Petrozene nor do we 'control' the supply. Management has hinted that the production of Petrozene is 'limited'.
GBRC and NRR have separate processes that produce the same 4 by-products from recycling tires - oil/solvents, wet gas, carbon black and steel. Does it not make sense for Freestone management to check for sources that might produce a technically similar by-product to Petrozene?
They know the complex chemicals involved, and it should not take them long to do an analysis.
As an investor, I want to see an endless supply of 'solvent chemicals' as well as endless profits.
http://www.globalresourcecorp.com/Tire%20Recycling.html
Freestone should contact these people! It might be a source for more petrozene?
http://www.tiretechnology-expo.com/winners/environmental_winner.html
I would appreciate an 'opinion from the crib' on this previous post. kpoll10@aol.com
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26957970
Thanks Believer - It's nice to read relevant DD instead of irrelevant innuendo! KP
PwAg - A 'clever' new way around the Oct. change in SHO rules for NSS could have caused the pps decline (and AH trades), but most likely it's 'clever' dilution. If you have a viable business plan and 131 contracts, someone will loan you money. I assume they have 'borrowed' the funds they need (with the capital raise) to stay in business and the contracts, although delayed, are still valuable.
Until we have 'filings', one must keep in mind that dilution is normally a 'last resort' in Pink sheets, where management enjoys the beach, not you. JMHO
I base my decisions to stay or leave on information like this!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27037956
pascal - The 'silent', who don't respond to all the childish innuendo, negative accusations, cheerleading, POD and AH discussions, may appear invisible and out of the stock, but are actually still around and control the majority of the float. IMHO
stocky - thanks for all the info on FSNR's 'potential' but do we shareholders 'own' any oil wells? Not knowing makes me cranky and scared. KP
"Oil at $100 a barrel makes most people cranky and scared.
Most people, that is, except those who own oil wells."
nwtf - As michlaw pointed out, if they really wanted MSRM shares, why wouldn't they just buy them on the open market @ 15 cents rather than from you @ $7.50 a share?
You just blew up all the possible scenarios.
What fun are you? lol
nwtf - I'm afraid there are other possible scenarios.
One would be that previous short sales of MSRM stock were made (possibly with counterfeit shares) and now that the SHO rules have changed plus GBRC is converting, all mobilstream shares have been 'called in'. Some players may be in desperate need of certificates to cover old short positions on the books (and collect on the gains made from MSRM going to 15 cents) ?????? Sounds like there were more shares shorted than certificates available.
There are also reports here in the States of offers being made based on the story of a 'hostile takeover'. Funny all of this action comes out in conjunction with the MSRM conversion. JMHO
Woodrow - You have obviously followed this closely - Was it not 'previously discussed' that none of the assets were put into 'Freestone Oil and Gas' because it would have 'complicated' the audits and because it had no credit?
Why then are we waiting on an asset allocation from Freestone Oil and Gas into Freestone Resources Inc?
"Finally, the Freestone accountants will be in office this week in order to bring the company's filings up to date for the Auditors. This moves Freestone one step closer to becoming a full reporting company, and will allow the completion of asset allocation to Freestone Resources from Freestone Oil and Gas, as previously discussed."
Noufa - The 'trustee' has demanded the stock be distributed since the Company had not done it by the deadline of Dec 31, 2007. The SEC may request additional information from GBRC, but this all has to be done ASAP.
"Under the Mobilestream Acquisition Agreement, if we file a registration statement with the Commission under the
Securities Act, we must give written notice to the trustee of the liquidation trust created for the Mobilestream Acquisition and, if the trustee so elects, we must include in any such registration statement such number of shares of
Mobilestream Acquisition Common Stock, Mobilestream Acquisition 2006 Preferred Stock and common stock underlying the Mobilestream Warrants as the trustee may
demand. If the categories of shares are not registered by December 31, 2007, then the trustee of the liquidating trust may demand that we register the shares of Mobilestream Common Stock, the Mobilestream 2006 Preferred Stock and the
common stock underlying the Mobilestream Warrants. Accordingly, we are registering the Mobilestream Acquisition Common Stock and the Mobilestream Acquisition Warrants as part of this registration statement."
thanks pop! That's the same address I used. I will keep trying - maybe it's being flagged as Spam? KP
Maybe answering your questions would be less revealing than answering mine? - or mine went into a spam file? - or I am using the wrong email address from the web site? What email address are you using?
Cowpatty didn't answer me either, so I guess it may be infectious. KP
Cowpatty - regarding your trips, I have emailed the company several times and have never received as much as a 'courtesy' reply. I sent one over a month ago asking for an update on the number of employees. The last update was 55 in Sept. could you say from your visit that it is about the same, more, or less than it was then. Thanks in advance. KP
This argument is not about testing or marketing, it's about what FSNR shareholders (that's us) will actually own a piece of, or whether it's just another pinky scam orchestrated by 'hidden' consultants.
We should thank lowman, woodrow and stocky1 for telling us what they see. We all read between the lines from different angles and it's good to have all viewpoints. Pinks are little more than 'hidden gems' until their PRs and other BS are third party verified. We either get 'disclosure' or 'exposure' and have little control over it. JMHO
DM - The warrant exercise prices and expiration dates are all in the S1. KP
We currently have eight different classes of warrants outstanding as follows:
Mobilestream Acquisition Warrants and Carbon Recovery Class B, D, and E
Acquisition Warrants, the 2007 Private Placement Warrants, the 2007 Private Sale
Warrants, the 2007 December 2007 Private Placement Warrants, the Black Diamond
Warrants and the Nutmeg Warrants, all of which may be converted into shares of
our Common Stock, with these characteristics:
CLASS - NUMBER - EXERCISE PRICE - EXPIRATION DATE
Mobilestream 3,705,867 $4.75 December 31, 2008
B 3,908,340 $2.75 December 31, 2008
D 1,397,500 $2.75 December 31, 2008(1)
E 1,397,600 $4.00 December 31, 2008
Private Placement 400,000 $-0- December 31, 2009
Private Placement 400,000 $0.80 December 31, 2009
Private Sale 290,000 $2.50 December 31, 2008
Private Sale 215,040 $2.75 December 31, 2008
Private Placement 650,000 $2.00 December 31, 2012
The shares of common stock underlying the Mobilestream Acquisition
Warrants, and the Carbon Recovery Class B, D and E Acquisition Warrants, a total
of 10,409,407 shares, are being registered as part of this registration
statement. The number of shares issuable upon exercise of any class of Warrant
is subject to adjustment for stock splits, stock dividends, combinations,
reclassifications and the like.
aries - This indicates a real turning point for this Company IMO. Grab hold of a hand rail and enjoy the ride. KP
aries - This indicates a real turning point for this Company IMO. Grab hold of a hand rail and enjoy the ride. KP
thanks 4kids - IMO, the normal low odds for pinky success is most likely what's keeping the retail interest down.
Even a good company can have a bad stock in the pinks. Although ECN has been around for 6 years, it's being looked at as a startup and we can't expect it to attract the same retail audience as exchange stocks with histories. The only thing that will give it some thrust, will be disclosure and an above average execution of their business plan. I'm waiting and watching too. KP
"right now the ball is in
effc's court .. i'm waiting on what
management shows me .. and will make
a decision accordingly
Hermon - I second that motion!
There has always been, and should always be, honest debate regarding the possible success or failure of any young enterprise. Unfortunately, on these boards there is more debate related to the honesty or 'leaning' of the debaters than to anything else. No one is accountable for their posts, so one should always be extremely skeptical.
Success or failure is always up to management since they are the only ones privy to what they are doing and why.
I could spend 10 hours a day doing DD and it wouldn't 'protect' my investment, It only helps me decide when to enter or exit. To my knowledge, EFFC has not filed anything to give light to what we legally own as shareholders. Until that happens, we just 'potentially' own a piece of a 'potentially huge' thing? A retail stock purchase is usually the purchase of an interest in something with intrinsic value. Pink sheet PR's have no intrinsic value until what's stated is recorded as fact in a legally binding fashion.
I have a ground floor 'bet' on the 'potential' of EFFC based solely on my DD of management and won't make a real 'investment' until disclosure comes. I'm sure most seasoned investors feel the same way, so we could be in for a big run if disclosure is favorable, or based on normal Pinky history, we could go to zero if disclosure never comes or is unfavorable. JMHO
Good luck to all of us with upcoming disclosure. KP
"For the rest of us we will have to wait. Now the board has descended into amateur hour at the comedy club and conspiracy theory 101. Not much to talk about here. An investor thinks things will pan out or they won't. Time will tell. As for me and my shares... we'll wait."
Thanx for a 'valid topic'.
Is a '$300 short interest' a valid topic on any board?
This should help protect shareholders from the usual Pinky dumping schemes (if they enforce it).
New rules for all non-reporting companies. Goes into effect Feb. 15th 2008. Pinks will no longer be able to sell unrestricted shares, this is being done to try to stop them from diluting. All shares sold will now be restricted for one year, so no more dumping shares on the market. This should have a big effect in the pink sheets as this is how most scams make money. It is also meant to encourage them to become reporting companies.
http://www.sec.gov/cgi-bin/txt-srch-sec?section=Entire+Website&text=145&sort=rank
See pdf under - Final Rule: Revisions to Rules 144 and 145
Conforming Version (To Conform to Release Published in the Federal Register) SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230 and 239 [Release No. 33-8869; File No. S7-11-07] RIN 3235-AH13
Thank people like CEE-IT who have been sending letters and emails to the SEC to get it this far. Let's hope the SEC can take it from here without further help? KP
I posted the new rules on 1/17. Here it is again. http://investorshub.advfn.com/boards/read_msg.asp?message_id=26078842
Thanks for the post Wave! Ive read all the PRs and trust you when you say you have telephoned a lot of third parties, but nothing has yet been filed to give light to what we legally own. Due diligence does not 'protect' an investment, it only helps you decide when to enter or exit. A retail stock purchase is usually the purchase of an interest in something that has intrinsic value. Pink sheet PR's have no intrinsic value until what's stated is 'recorded' in a legally binding fashion.
I have a ground floor 'bet' on the 'potential' of Freestone and only stated that I won't make a real 'investment' until full disclosure. I'm sure a lot of seasoned investors following FSNR feel the same way, so we could be in for a big run if disclosure is favorable, or based on normal Pinky history, we could go to zero if disclosure never comes or is unfavorable.
Jumping up and down yelling WHEEEE doesn't create a positive result or prevent an unfavorable one. It's always up to management. They are the only ones privy to what they are doing and why. JMHO KP
Good luck to all of us with upcoming disclosures.
"It is all due diligence to protect my investment. YOU REALLY NEED TO READ THE LINKS BELOW AND MAKE THE TELEPHONE CALLS TO THE 3RD PARTY RESOURCES.
THIS MAY WELL BE MY LAST POST ON THIS BOARD FOR QUITE AWHILE. I ALREADY RESIGNED AS A MODERATOR A WEEK AGO. I HAVE OTHER AND BETTER THINGS TO DO WITH MY TIME THAN HANG OUT ON CHAT BOARDS. THIS POST WILL BE AS ACADEMIC AND SCHOLARLY AS POSSIBLE."
Wave! Could you please point me to where it has been stated, reported or filed that retail shareholders of Freestone Resources Inc. legally own the rights to anything including the results of these independent lab tests? Do we just 'potentially' own potentially huge things? Thanks in advance. KP
"...Finally, Freestone will reveal the independent lab results showing Petrozene's effect on oil viscosity. This is very exciting data which could potentially open huge markets to Freestone. These tests have been run twice already and are currently being replicated at a private petrochemical lab in Texas. We expect to have the final results in hand within 7 days and be able to summarize the results and explain the ramifications in full detail soon." MAYA!
Wave - Thanks for the latest PM. You obviously have a larger 'need to be right' than I. I am more concerned right now with what Freestone shareholders really own than with the number of carbonators NRR might be building. What about the down-hole treatment results for the old 'Ichargeit' well? KP
"As of May 7, 2007, Freestone has taken several steps to obtain full reporting status and to finalize all audits and filings required to complete the merger of Freestone Oil and Gas (a private company) with Freestone Resources Inc. (formerly Ichargeit, a public company). We are now in the final stages of this procedure, and should be completed within the next three weeks."
Wave! Thanks for the PM. I do not have PM to answer you.
There has always been, and should always be, honest debate regarding the possible success or failure of any young enterprise. Unfortunately, on these boards there is more debate related to the honesty of the debaters than to anything else. No one is accountable for their posts, so one must be extremely skeptical. It has nothing to do with abused children?
GLTY KP
Wave - I've thought about it, and somehow I can't buy, as fact, a "hint" from an anonymous poster that NRRI is tripling Petrozene production. Especially after that poster just promised to keep his head down and mouth shut! lol.
What is the estimated time frame for all this and who is estimating it?
I'm sure you've done some good DD, but I would prefer a 'hint' about sources for verification? I have a rather large holding here and won't increase it until I know they will have near term access to the needed Petrozene. There appear to be several overlapping, yet independant, business plans involved and you can't build $2 million carbonators overnight without a coordinated effort .. JMHO
"and you may have just calmed the doubters and/or the justifiably concerned like kennypooh! But I'm keeping my head down and mouth shut. The only hint that I can offer is as follows.
You have to ask your self: WHY IS NRRI ALMOST TRIPLING PETROZENE PRODUCTION CAPACITY? That is a question of monumental proportion, considering each carbonator costs well over two million dollars to construct. Would you front 7 to 10 million dollars if you were not sure of your return on equity?
EVERYONE, JUST THINK ABOUT IT!"
Correct! They can't accomplish either the conversion or uplisting until they are in SEC compliance with up to date filings and disclosures.
http://www.venturelawcorp.com/listing_requirements_amex.html
Thanks Wave! - These are privately owned companies and not required to divulge any details of their operations. Any "huge" potential for Freestone seems IMO to hinge on a "huge" expansion and investment in the production capacity of Petrozene. That is not to say that it can't or won't happen, but available DD on this key point seems limited right now. It doesn't matter how technically terrific Petrozene is if there isn't much of it. KP
Waverider110 - The success of this business plan seems to hinge on the availability of a by-product of recycled tires. Does any of your DD indicate there are immediate plans for the expansion of the recycling plants and processes that currently produce this stuff? I can't find any verifiable info. KP
"One just needs to get off their "rusty-dusty" and make the effort in order to eventually build confidence in the verifiable nature of this business story. But some p-brains just want to be skeptics and critics when it is much more profitable to be pro-active and smart. Take your pick!"
markrhead - Right on! We can only move as fast as the other's involved and shareholders still aren't privy to much info on those prospects.
"Natural Resource Recovery, Inc. developed the patent pending "Carbonator" technology which reclaims and converts organic waste and energy resource streams into hydrocarbon products and other marketable by-products.
With Near Bore Resources as their exclusive licensee for rubber waste reclaimation, Natural Resource Recovery's current product focus is delivering an innovative line of oilfield chemicals in two initial markets: Enhanced Oil Recovery (down-hole well production) and Downstream facilities (storage terminals, plants and refineries with wax and heavy oil tank bottom issues)."