You forgot this:
Officers, Directors, and JV own 37,446,667 shares collectively. FSNR's JV Dynamis has a warrent for another 5,000,000 shares.
That gives a total of 42,446,667 shares (includinng the warrent shares) that are not being traded, none of the officers, directors, or the JV have sold a single share - not one share.
The last quarterly report shows 86,138,117 shares outstanding, since then another 3MM was awarded to the new CEO Michael McGhan, bringing the total to 89,138,117 shares outstanding out of 100 MM authorized, which makes the above Freestone Resources management and JV total figure a very substantal percentage of total shares outstanding and authorized.
Just a minor detail.
