I am shocked, shocked I tell you, SHOCKED that they can find anyone to buy this WORTHLESS common stock at ANY price above 0.00001. The common will be zeroed ~OUTT in the bankruptcy as all the equity will go to the DIP financier. Butt beyond that, the company has huge liability nott just for St. Julien as Chairman, butt also for the CEO and CFO for nott red flagging the BS about the phony "$95 million contract" that isn't.
I'd expect the D&O carrier to deny coverage for willful misconduct and frank felonious criminal acts by the Chairman, CEO, and CFO. Without D&O coverage, the company will have no help on paying legal bills and the settlements for all the shareholder litigation, to say nothing of the SEC litigation and fines.
FNRG is a complete loss for common stockholders. Wiped ~OUTT. And yett they are able to find suckers who are buying this toilet paper above 0.00001, which is itself overpriced butt MMs and flippers might pick it upp there to play any noise blips to 0.00002 on a market buy from some doofus.
Even AFTER the bankruptcy, I see no possible way for this company to survive the expenses and settlements/fines of the various litigations - even IF D&O insurance applies. The amount of munny lost on this stock due to officer/director malfeasance exceeds the D&O coverage cap by an order of magnitude.
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