Deception, you say reputable companies don't do this. Do what? We already know that FNRC is a candidate for bankruptcy. What will save it is a producing oil and gas well in the Utica Shale of Ohio. This is what the market is waiting for. No well, next stop possible bankruptcy. Get a well and the company will start to recover. Actually, it is pretty simple. We are in the window now where we should hear something any day now. The longer we go without hearing anything, the less likely we will be getting good news. This is all common knowledge for anyone who has been following this stock.
In your case, just posting a lot of cut and paste verbage in not really doing good research. If you were trying to make FNRC look bad, you did not succeed with anyone who has an eye for detail. Most of what you posted talked about the fact that FNRC is in good standing in many areas. Yes, we know that their financial reports are not audited. They stopped auditing their reports around the time they stopped filing with the SEC. At the time, my take was that the auditing was stopped so they would not have to include a "going concern" statement in their reports. We all know that creative financing has gotten them this far without filing for bankruptcy.
Concerning your "deregistered" statements, we also know this was from 2011 and likely had to do with the reorganization of the company that took place at that time.
I am not saying FNRC is for everybody. At this point, it is only for investors who understand and accept the risks involved. The big risk is that they will not get a producing well and be forced into bankruptcy. However, if they do get a well, which we should hear about soon, then the share price may go to $5 or $10, depending on how good the press release is.
It is obvious you have an agenda. And don't tell me your agenda is to protect other clueless investors. For the most part, they can think for themselves.
Cropduster
