I'm just waiting for some follow up by the company. I have not spoken with Mr. Lloyd Lane since 2007. So you know about as much as I do.
My speculation is today's filing is belated documentation of the shift of legal corporate management from Carroll (Ichargeit) to Lane back on November1, 2007 as well as disclosure of owners of more than 5% of the new company shares. I recall some old filing that mentioned future contingencies needed before the transfer of ownership of assets and management of the corporation. But all those old filings only brought the company financial data current as of 06/30/07. I have been waiting for the 2007 3rd and 4th quarter filings as well as the 1st quarter financial filings for 2008. Oh, then after that there is the matter of the OTCBB application as promised.
I am willing to wait only so long for those filings before I get upset- as I mentioned a week or two ago. It has taken long enough already, but you may have not noticed the wait since you are not a shareholder. I still view the delay as the time it takes to build an O&G company. That takes longer than most "get rich quick" shareholders can endure, especially with the critics beating their drums day and night. It is like those hot humid summer nights here in Houston. You can only take so much.
Hopefully, FSNR will flip on the air conditioning soon! And the awesome critical drumming will stop.
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