Following the message board postings reminded me of a college course I took in the early 1970s. The course was titled General Semantics. Here is the Merriam-Webster definition.
Definition of GENERAL SEMANTICS
: a doctrine and educational discipline intended to improve habits of response of human beings to their environment and one another especially by training in the more critical use of words and other symbols
I believe that the company has an offering to the industry that may be successful, thus I added to my position today. Contrary to what others indicate, large share quantity shares are not being dumped by those who received shares for services in 2010 and 2011.
I purchased the 20k shares today at 7.6¢. I had previously acquired a larger quantity of shares as low as 6¢ and as high as 12¢.
ponzi_implosion,
I am not convinced that Encapsol was a complete scam for management. The company retained the copyright to the name and mentioned it in the 10-K that was filed at the end of September (see content below).
At present, Freestone’s management is focused on the utilization of our unique solvent EncapSol. Freestone’s acquisitions of certain oil and gas properties are necessary to conduct research and development for EncapSol, and our hydrocarbon-based product Petrozene. Minimal revenues have been earned and related expenses have been incurred from the incidental operation of these oil and gas interests, as well as miscellaneous fees associated with the corporation. Freestone continues to look for various solvents, chemicals, and technologies that might fit into Freestone’s petro-chemical line.
