Replies to post #31767 on Firemans Contractors, Inc. (FRCN)

[waterchaser]

The R/S will wipe-out common shareholders. Buying now is risky.

[Value_Investor]

The 0.007 price target was based on 301.47M shares OS. To match the same MV with the current OS count (1.523B shares) FRCN should hit the NEW 52-week high 0.0014 which is 7-bagger huge return from here or 14-bagger huge gain from the bottom!

The projected revenue for 2019 is $10.3M and the revenue for 2014 was $1.59M. So the expected revenue for 2015 should be around $2.31M which is over 45% yearly growth rate! Very impressive business growth plan for FRCN! The current MV ($304K) is joke low at 0.0002!

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=4cdlHqsg6z2EIGM3HOC7VA%253d%253d&nt7=0