1st NRG Corp (FNRC)

[cropduster08]

Jayben, if the reverse split didn't affect ALL common shares that were in effect at the time AND future common shares that were promised, that would probably mean that you would be an instant millionaire when the shares converted, providing you could sell them quick enough before they went back down to the $.0001 and up range.

I would like it also if the split doesn't apply to the promised 100,000 for 1 future common, but I just don't think it is going to happen that way. My take is that it is going to be 5 for 1, due to the 1 for 20,000 reverse split.

Look at it this way. The previous outstanding share count was almost 20 billion, but would have been 140 billion if you added in the 20 billion more for the dividend shares and the 100 billion more for the $2.5 million in preferred shares.

Now take the whole shooting match and divide it by 20,000. You get 7 million shares max, if everything is converted. If only the dividend shares are converted, then you get 2 million shares outstanding. Right now we have 1 million shares outstanding, with less than 200,000 in the float.

Maybe I am assuming too much here and I could definitely be wrong, but I just can't see FNRC being able to hand out hundreds of thousands of shares to folks who currently only have maybe hundreds of shares, or less.

Anyway, good luck to all. What we really need now is to get going with our drilling program in the Utica.

Cropduster