Freestone Resources Inc. (fka FSNR)

[Woodrow F Call]

This board was created 1/26/2006, yet according to the company's own filings the company had no business until November 2007, almost two full years later. All during 06 and 07 the company released PR and news releases claiming to be in the Oil and Gas business, but when required to report to SEC or to account for income; the company paints a very different picture. The Carroll Unit #1 well, that Freestone Resources publicly claimed was reclaimed and a producing well back in 2006, apparently doesn't count. In November 2007, the company issued 30 million shares for the stated purpose of acquiring wells, such as the Carroll Unit well, with no comment addressing the obvious concern that we paid for a well that we supposedly already owned?

Your comments are right on point. The only ones who benefit from this deal are those having benefitted from it since 1/2006 if not before that time. This is just a white wash, "do over" attempt to appear legit.