1st NRG Corp (FNRC)

[cropduster08]

I researched it before and the conclusion I came to is that everything that has to do with shares was affected by the reverse split. But I suppose I could be wrong. In fact, it would be nice if I am wrong, but I just don't think that is the case.

Just think about it. Suppose you have 50 of the series E dividend shares, for example. That would equal 5 million of the common once converted if we actually get 100,000 for 1. Five million shares at today's price would be around $1 million, plus or minus. Gee, that would be nice, but I don't see it happening.

We'll be lucky if we even get the series E shares in the first place and even luckier if they convert at 5 for 1 (the conversion rate after the reverse split is applied).

We need the Ohio test well core samples to show that it is worth going for production. A press release from management to that effect would be very helpful.

Good luck,

Cropduster