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Is that a fact
The larger investors you speak of were really the stock pimps pumping up the stock. They aren't going after themselves! Rolland Violette was an alias used by James Allison (aka Jimmy Carter) and Jett - his lackey (T.A. Owen) the lawyer that got disbarred over the affair.
They owned most of the stock of the company which is why the put morons in place like wundelich and the CEO.
The IRS allows you to write it off as a total loss against other gains
If you want to find them they are running a new scam under the ticker F S N R on this board.
-best regards
The larger investors you speak of were really the stock pimps pumping up the stock. They aren't going after themselves! Rolland Violette was an alias used by James Allison (aka Jimmy Carter) and Jett - his lackey (T.A. Owen) the lawyer that got disbarred over the affair.
They owned most of the stock of the company which is why the put morons in place like wundelich and the CEO.
The IRS allows you to write it off as a total loss against other gains
If you want to find them they are running a new scam under the ticker F S N R on this board.
-best regards
Based on the history of this company, the kid running it and his father/stock promoter promoting it- I'd say no it was never in existence.
Go back and look at the directions this company has decided to take over the years and its the same old song and dance. Meanwhile the consultants get their "free" stock and make their money while the investors get more and more stories about how success is just right around the corner.
yep. Just a few more years now and this might be out of the penny range. All it needs is assets, income, an actual business.... won't be long now!
yeeeeEEEEEP !!
No reason for inflation of the price other than consultants bought in to drive up or talked someone else into buying in for same reasons. Not as if the company has produced any results to justify the increase. Throwing a rock in the most stagnate of ponds still produces a ripple!
Wait a second. Clayton Carter has been getting paid to be a consultant since before he was out of high school!!!
This is from Edgars. The topic is whether this family of consultants, Jimmy, Clayton and Cade are qualified thereby justifying the issuance of these huge amounts of shares for services unknown
How could Clayton have been qualified as a business consultant in 2003? He was still in high school?
According to his profile he went to college in 2004. What could a high school aged kid and his brother do to justify $352,000 in consulting service shares of stock?
On November 26, 2003, the Company issued 1,108,260 shares of common stock. .... and 400,000 shares to Twitchell Corporation (Jimmy carter's company), Jan Vonk, Jim Wrobel, Clayton Carter and Cade Carter for $352,000 services rendered (or $.88 per share) pursuant to the exemption from registration provided by Section 3(b) of the Securities Act of 1933 and Rule 506 thereunder.
From Edgar online the company was Cytogenix.
One way to clean a company up after it has issued huge amounts of shares, which these consultants are very familiar with is called the reverse split.
Issue massive shares of stock for "financing". Then reverse split the stock.
How many shares does FSNR have issued and outstanding these days? thousands? a million? hundreds of millions?
You just answered your own question. They don't have a viable product.
No its more like the well reclamation deal. and the petrozene deal.
Really? "your company's expertise to test, market, and sell/license the technology".
Freestone's experience in testing new products? NONE
Freestone"s experience marketing new products? NONE
Freestone's experience selling or licensing new technologies? NONE
Incentives any R&D company let alone one one on the verge of releasing a newly developed product has to partner with a debunked oil and gas exploration company? Less than NONE
Before the consultants start typing responses, expertise = expert. No need to respond with unproven unsubstantiated statements about the company just demonstrate they're experts
Really? "your company's expertise to test, market, and sell/license the technology".
Freestone's experience in testing new products? NONE
Freestone"s experience marketing new products? NONE
Freestone's experience selling or licensing new technologies? NONE
Incentives any R&D company let alone one one on the verge of releasing a newly developed product has to partner with a debunked oil and gas exploration company? Less than NONE
Before the consultants start typing responses, expertise = expert. No need to respond with unproven unsubstantiated statements about the company just demonstrate they're experts
Edison failed but never continued trying by using the exact same system which lead to the past failures.
Attacking me personally supports no proposition.
"Not enough evidence to verify" my proposition on this current venture? All evidence supports my proposition: this company has no value. Historically, no value. Presently, no value.
Mere speculation and rumor is all you offer to support the proposition that this company will do anything in the future other than what it has done in the past.
For example, DD post, my intuitive info says we will hear the results of the machine this month.
Or consider this fact driven post by Dad Hang in there, I hear good news.
I base my conclusions on facts and evidence. I am not swayed by rumors, unsupported hear-say or intuitive information. The company has the ability to make any "good news" public information. They certainly have demonstrated a familiarity with the Press Release system.
This is not a company run by or according to the principles of Mr. Edison. This company is a failure to me because this company has failed. For the past several years, the only ones benefitting are the 'team" of consultants.
These people like six figures or more? Specifically, which people?
Since this company was started the only ones I see making money are the consultants who don't pay a penny for the stock.
Occams razor clearly points to an undercapitalized developmental stage company with a track record of failed projects and unfufilled projections that is selling shares to stay afloat. the market appears to realize this and is steadily lowering the value of the shares over the long haul.
BINGO
Perhaps he is simply too embarrassed to associated with the company
April 22 of 2009 the company issued the CEO 6,000,000 shares of stock for compensation.
http://www.marketwatch.com/investing/stock/fsnr/insideractions
Since 2009 the company has at different times issued the CEO and others more and more shares.
According to the SEC filings dated April 21 of last year, when the company issued the CEO yet another 1,000,000 shares, the CEO now only has a total of 4,000,500 shares?
http://www.secform4.com/filings/1089319/000112178111000104.htm
Where did the other 3,000,000 shares go?
Interesting that he left out any mention of his years spent curing Herpes at Cytogenix.
True that an officer selling shares "in the open market" would eventually have to report it if the company was to be fully reporting. I ask you, what of consultants?
Must a consultant file when a consultant sells shares?
Must an officer file when the officer sells them NOT on the open market? As in sells them to a close relative who may or may not then sell them on the open market?
It's only a dumb move if you paid for your shares. Consultants who get hundreds of thousands of shares at zero cost. Whether its because they bring some knowledge to the table or because they are the CEO's brother or father, its all free money.
They respond on here that the shares a restricted for period of time. Regardless, this company has been around for years. First it was an oil and gas exploration company executing leases and looking for gas. When those wells started producing revenue which should have made the stock go up it amazingly didn't. Because the lease were in consultants names not the company name? Or whatever reason. the point is the company hit oil and gas; yet the shareholders received Nothing! Then the company changed and was going to go into this then that; etc etc etc. All the while, consultants getting issued stock.
Now here we are 2012, and the consultants have had loads of stock issued some may still be restricted but a lot of stock is free trading.
So you say selling 61K shares at a dime is crazy. I say someone just pocketed $6,100 free dollars
If there is a short on this stock I'm the Pope!
This is straight from the JC playbook under what to do when all else fails.
When JC says buy some he really means transfer some free ones he already had over to his other trading account
Sorry Truth I meant..
Mr. Thomas Alan Owen
Bar Card Number: 15372450
Work Address: 1112 E Copeland Rd Ste 420
Arlington, TX 76011-1315
Work Phone Number: 817-460-4498
Primary Practice Location: ARLINGTON , Texas
Current Member Status
Not Eligible To Practice In Texas (click for detail)
MEMBERSHIPS
In cooperation with Justia
Overview
LICENSE INFORMATION
Bar Card Number: 15372450
Texas License Date: 11/08/1985
Disbarment 03/21/2007
truthhurts
That's because your responding to Jimmy Carter CYGX's corrupt consultant and large shareholder under the alias Roland Violette. He got a bunch of stock and pumped it up then has made a killing dumping it even for pennies. Cause when its free stock its all profit. Now the playbook he is referring to about changing some stuff and running another scam preying on those looking just to break even from his last scam might be true. Afterall, he'd know.
You could also ask JETT- or Thomas Allen Owen the corrupt lawyer that helped JC structure and run these scams. A quick check on the State Bar of Texas website will reveal what became of him, DISBARRED! ..... your welcome
Ponzi -
Jimmy Ray Carter
August 1992: Fined $300,000 and barred from NASD for selling shares that were neither registered or exempt from registration. Also charged unfair prices to customers.
This is public information available on the SEC enforcement website.
What type of consultant is barred from NASD?
http://www.bcsc.bc.ca/comdoc.nsf/allbyunid/4ae006bbdb2ab9d488256a850063b83a?opendocument
Policy Documents
Decisions & Orders
Document Sub-category:
Notices of Hearing
Document No.:
2001/07/10
Subject:
PACIFIC INTERNATIONAL SECURITIES INC., et. al. [Sec. 161]
Amendments:
Published Date:
07/10/2001
Effective Date:
07/10/2001
Kenny, your point is well taken. Even before Petrozene this was supposed to be an oil and gas company? Remember all the claims about executing leases and reclaiming wells etc. The difference in the company's previous endeavor and the fracking project is the drilling project actually worked and they started producing oil and gas. Wonder why that didn't make the stock go up? Seems to me that if the company started showing revenues then the company's stock would go up and attract other investors etc.
Must be because no revenues were reported. The money didn't go into the company. And the same posters back then are saying the same things they are now.
AMEN truth!
To all legit shareholders and investors -Merry Christmas
To LW and his corrupt clan of consultants- Go play a game of hide and go FK yourselves!
The companies CFO? YOU!! or the companies corrupt consultants and their tons of free stock approved by YOU!
Hard to believe you would show your face on this board LW. You weren't qualified to be a CFO so what is your function now? CEO? Your post on here about a different company is off topic and will be reported and removed.
Is Jimmy Carter running your pump and dump STAR company or is he too busy scamming investors on FSNR to help you out on this project?
It certainly wouldn't be hard to get an attorney opinion letter to free up shares considering the attorney is also paid in these shares.
Its like getting permission from yourself, or in this case from your dad.
Either way the shares are tradable without much difficulty.
You asked why would the carters short sell shares? I agree that they aren't shorting the stock mainly because there is no short on a stock that has no volume.
They are selling the shares because at any price, its all free money!
In order to sell stock, you must have someone willing to buy into this dog. The point I believe Ponzi is making is simple: This company issues a great deal of shares to "consultants" with the last name of carter. From his post quoting SEC filings millions of shares have been issued between Jimmy Carter, Cade Carter and Clayton Carter. The question is what qualifications do any of these three have to justify being paid to consult?
As for this continued approach of announcing news to be announced and deals to be made in the future, one needs only to look at this companies past announcements to see the trend.
Wasn't this company going to be in the Oil and Gas business and years ago drill several wells?
Why then didn't the price of the stock take off when they hit Oil and Gas?
The leases produced, but not for the company!!!
It lined insider pockets and didn't reward shareholders. Whose pockets? Look at the SEC filings and then consult with someone about it
There are a lot of us in that same boat nw_la.
I take it buy your silence that you can't think of one person who has done business with the carters who would do business with them again.
I also know the Carters and disagree strongly with the statement that 95% of the people who do business with them do business with them again. I certainly would not. I know of a dozen people who would say the same thing. In fact, Rusty car I doubt you could name ten people who have done business with them that would do business with them again.
I couldn't agree with you more Ken
I don't know anything about a new LW venture, but I wouldn't be surprised if JC has a hand in there somewhere. He's playing the same old songs on a different radio now. freestone resources