1st NRG Corp (FNRC)

[cropduster08]

Thanks for the welcome, Daenerys. I do remember that we talked before. Good to be on this board now. This seems to be where the action is concerning discussion of FNRC.

I bought into FNRC on the way down from $.0011 and now have what I consider to be a significant number of shares at an average of $.00035, so I start making money here as soon as we get to $.0004. I know many others have lost money on this stock and I feel sorry for them, because I have been there and done that with a stock, namely Dynegy some years ago.

Anyway, it seems that FNRC has stabilized at this level and that we are simply waiting on news from Wyoming and/or Ohio. In the meantime, best I can tell, FNRC has about $20 million on liquidity, which is composed of about four categories. $14 million in restricted cash, $7 million in credit that seems mostly dedicated to the venture in Ohio, revenue from the 42 wells in Wyoming, and a limited amount of cash. In any event, it just seems to me that the company has enough financial options to allow it to make it until we see additional developments in Wyoming and Ohio.

I probably would not like this company if I had ridden it down, so I understand the negative sentiment some have about the company, but most of us are here now to ride the company back up, or at least up to the top of the next hill.

Have a good one.

Cropduster