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Monday, October 10, 2016 10:59:11 AM
This confirms what I mentioned last week, that there might be a link between the problem of getting the shares issued and FNRC's attempt to get the $2-5 million in financing to bring the oil and gas assets on line.
For anyone looking at FNRC for the first time, I believe it is important to realize that the company is not really broke, or even close to it. It simply will have a cash flow problem until it starts producing, which we know it likely coming in the next few months. FNRC has $14 million in restricted cash, for those that didn't know, which I assume it can borrow against.
In any event, my source says the best thing we can do is try to bring a little gentle pressure on the company to go ahead and pay its bill to the broker so we can get our shares. I still plan to call Brad at investor relations tomorrow to see if he can pass the message to the company to please go ahead and pay its bill. Anyone else that can also call Brad on this issue would be helpful, or maybe try to call Mr. Norris, the CEO, directly. Maybe call him after I call Brad.
Good luck,
Cropduster
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