Wednesday, October 01, 2014 10:53:05 PM
Anyway, good research on the 137 promotions. I bookmarked the website as I may want to use it again. But I think your conclusions are wrong. If you look at each of the 137 entries, like I just did, you will see that they all occurred from October 2012 through January 2014, or a period of about 15 months. Maybe the CEO did pay for them with company funds. What is wrong with that? As far as I know it is not illegal for a company to hire a firm to promote the company and its stock. Plus, my take is that FNRC probably hired one or two firms that then hired all the other ones. It was likely part of a marketing campaign.
From what I can see, that campaign was designed to raise money for the company. Check their SEC filings as your next research project, Deception, and you will see that the company raised around $100,000 during that time period through private placements. This is a good thing. That money likely went to help fund the Utica drilling that we are all now waiting for.
Try to be objective in your research before you put your scam hat on. By the way, at least you are posting. I wish more folks would post like they used to.
Cropduster
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