1st NRG Corp (FNRC)

[cropduster08]

Gemmerling, I'm not sure the stock was "supposed" to open with a $2.00 bid. $2 was simply the equivalent of $.0001 with a reverse split of 1 for 20,000. Basically the market sets the bid and the ask, along with some help from the market maker when needed.

I simply took the open of $.25 as the market saying they thought it was worth quite a bit less than the $.0001 it was trading for before the reverse split.

The good news is that we are starting to move up now and the market has shown that it doesn't take much to go from $.25 to the current $.99 over just a few days with only a few thousand shares traded.

Imagine what this stock can now do if it gets good news on the drilling in Ohio, with only 167,000 shares in the float.

If you get a bunch of investors trying to get in all of a sudden at this level, then my take is that the stock will really start to rock.

After today's trading, I can't see it taking much to get us up to $5, as a good starting point for a possible well in the Utica.

Keep in mind that if there is no well, then down we likely go.

What does your gut tell you? Mine says drill, baby, drill :)

Cropduster