1st NRG Corp (FNRC)

[cropduster08]

Phicor, it has been awhile since I posted, but I read the article you posted and it got my attention (a little bit). My advice would be to be careful with this stock. It may have a low outstanding share count, but that is only because of the huge reverse split it did some time ago. I think it was 1 for 20,000. Not good. At 1/10 of a cent per share, it might be fun to play around with, but keep in mind that it has no income at the moment. Only possibilities. It lost $222k in the first quarter and only sees a very slight possibility of $160k in revenue by the end of the year. I'll believe that when I see it. In the meantime, it is loaded with debt. I'm surprised it hasn't gone bankrupt by now.

Actually, I like FNRC, but lost a bundle on it already and would wait to reinvest until it is actually producing something. The gas is good, but it is all shut-in. The oil well could be good, but it is also not producing anything, best I can remember. I know there is no pipeline to get any oil to market. Someone correct me if it actually has some production. Maybe they are trucking it out, but I doubt it.

Also Nighttrain, I still have some of those "special" shares in my e-trade account also. They are unconverted. How many new shares was each one supposed to be worth? Can't remember off the top of my head. Also, please let us know if e-trade comes through for you. Then maybe I'll try the same thing.

Cropduster