Welloff,
As it happens, I already own many, many tens of thousands of FSNR shares. I'm fully invested, having purchased the majority of my shares at prices at or below those of the last month.
There is no good reason for others, those who have done no personal due diligence on Freestone, to jump in and buy any shares. Those folks can surmise the company's prospects only from its history, not its currently-expanding water resources operations or any future use of unique oil recovery technologies.
Welloff, you know more about Freestone than anyone else out in the general penny stock crowd, and you (apparently) aren't buying any shares right now. You can answer your own question, "Why isn't anyone making new purchases?" For the very reasons --- whatever they are --- that you aren't.
Freestone, for the nonce, is an unknown start-up with a checkered past and uncertain future, a rather typical OTCBB penney stock. Most investors stay away from these things as though they transmitted the plague.
But Freestone's days are emerging. With the completion of the initial load-out facility, and potentially others, Freestone will become profitable. What happens after that, with, perhaps implementation of the oil recovery technologies the company owns, is yet unknown.
But I'll make comfortable gains just from water operations sales and eventual re-processing, if and when those services come into play. If ORU techs attain commercial operations, I'll make even more gains. But I'll wait.
Interestingly, there is a core of shareholders who have not sold off or exited in the last year or so. Some, like myself, have reason to believe that the Freestone story will turn out to be a very good one. But I waste no time trying to convince anyone of just why I think that will be so. Selling water will make me rich? Tough story to tell. I won't even try.
--Falconer66a
AI
