Freestone Resources Inc. (fka FSNR)

[RedShoulder]

"Substantial income"... "Freestone has signed a lease agreement with a purchase option with NatGas Leasing LLC to provide a tire shredding machine capable of shredding up to 60 tons of used tires per day which will substantially increase the output of shreds from the plant to be sold from the facility. Freestone has arranged for purchasers of the shreds who will purchase as much of the shreds that Freestone can produce. This arrangement will generate substantial income to Freestone that will allow us to meet our obligations as well as further expand our current operations.”

Keep in mind that Freestone gets paid substantially to take these huge commercial tires for recycling, some are the off road earth movers. That becomes the feed stock for chipped rubber that already has buyers or the feed stock that makes the Petrozene base chemical. The 60 ton per day machine is a money maker.

Business wire link:
https://www.businesswire.com/news/home/20190307005594/en/