Freestone Resources Inc. (fka FSNR)

[RedShoulder]

Beneficial Owner, Officer or Director Amount Beneficially Owned* Percent of Class

Michael McGhan, President, CEO and Director 6,000,000 6.55 %

Paul E. Babb, Chief Financial Officer and Director 1,107,275 1.21 %

Don Edwards, Chief Investment Officer and Director 6,500,000 7.10 %

Clayton Carter, Beneficial Owner 7,605,000 8.30 %

Gerald M. Johnston, Beneficial Owner 12,904,167 14.09 %

A big chunk of the float is owned by officers and directors, who have never sold a single share. They have a background in success and came on knowing what Freestone has, and what its objectives are, and how to reach those goals. It is their best interest to grow the company and stock value; their interest and shareholders interest are mutual.

Shareholders are way overdue for an update from the company, maybe with the 10K out of the way they will update with a PR.

Follow the money.