Freestone Resources Inc. (fka FSNR)

[ponzi_implosion]

Imaginative 8K's power those flights

"....Freestone Resources, Inc. (OTCBB: FSNR) (the “Company”), announced today it had completed the first closing of a private placement to accredited investors only of units consisting of 1,700,000 shares of the Company’s common stock. In the first closing, the Company sold approximately 34 units and received net proceeds of approximately $170,000.."

http://www.sec.gov/Archives/edgar/data/1089319/000112178110000063/fri8k21710.htm

34 units of 1,700,000 shares each equals 57,800,000 shares with gross proceeds of $170,000.

$170,000 divided by 57,800,000 shares equals $0.00294 per share.

At a SP of $.40 each it it will take the sale of less than about 450,000 shares for the 'accreddited investors' to break even, leaving another 57,350,000 shares +- to sell for what ever the market will bear.