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ponzi_implosion

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ponzi_implosion

Re: JayDiamond post# 12805

Friday, 09/14/2012 6:59:27 PM

Friday, September 14, 2012 6:59:27 PM

Post# of 40315
How does that article apply to FSNR?

The last that I heard, nothing was happening. No updates. The Hydrex ORU deal seems to be dead.

According to the last 10Q, FSNR only had just under $28K total in the bank, and about the same amount due in current liabilities, accounts payable and notes payable (excluding stock to be issued)

Total assets are just under $100K and total liabilites are right around $300K, or a $200K hole

It's gonna be pretty hard to recycle all that frac water without a machine, or any cash, don't you agree?
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