Alsteps, I want to thank you, Nighttrain, Bad, and Phicour for your recent posts, plus the others that posted before you guys. Thanks to your posts I woke up and realized what I had with my Series E shares and I am now fully motivated once again to support and follow FNRC. I was a big supporter in 2013/2014 and posted often, but lost interest after the 1 for 20,000 reverse split and wrote off my Series E shares as worthless. Luckily they remained in my e-trade account where they are today. Like Nighttrain and some of the others I am going to request conversion by e-trade this afternoon. I hope everybody keeps posting and we can ride all ride the share price up together as the price of oil starts to rise above the point where companies will start to revive shut-in production, like FNRC is planning to do.
I clicked on the OTC link above on this site and caught up on my research with FNRC. For anyone that hasn't done so, I highly recommend reading the last quarterly report. It pretty much explains where we are. FNRC is a company that nearly went bankrupt, but did not, thanks to creative financing, and is now poised to start earning money from production and continuing to grow. It has confirmed gas production in Wyoming and an oil well in Ohio that has been tested and is ready to start production for the first time. The company has debt and little cash, but continues to operate by fund raising through limited dilution as the need for cash arises. Brilliant, in my opinion, as long as there is light at the end of the tunnel, which there is in FNRC's case.
Concerning potential, since the press release of 9 June concerning the Series E shares, the trading range has been between .0002 and .10 or between about a penny (or less) and 10 cents. Over the last month, the trading range has been between .0002 and .0045, or between about a penny (or less) and about 4 cents. Based on news that production is about to come on line any month now and the fact that the price of oil is going up and is now over $50, I would feel confident that FNRC will likely trade in the .0002 to .0045 range until production is confirmed. At this low price and with a significant number of shares, it will not take much to double or triple your investment. Just my opinion. Don't take it to the bank until it happens.
I'm a Christian and I believe in the Lord Jesus Christ as Lord and Savior and give all credit to Him. FNRC is a case in point. Two days ago I thought my small Series E stake in FNRC was worthless and now my family is blessed by the potential success of FNRC. To management, I also say thank you and ask that you keep up the good work. I'll be praying for your continued success.
Trade well,
Cropduster
