Replies to post #34266 on Freestone Resources Inc. (fka FSNR)

[rusty car]

But applying logic takes away the argument and all the negative aspects.

VERY WELL PUT REDSHOULDER! NOW A NEW REASON TO FAIL HAS TO BE INVENTED!

[Sax]

My gut feel:
- Small chance of a pyrolysis machine being delivered and installed.
- Smaller chance of it being operating.
- Near zero chance of actual revenue/sales reported.

I'll be the first to admit that FSNR is surprising me.

Agreed the first one has been proven wrong (based on the PR).

Second one has not been proven wrong yet, but I will shift the likelihood of that one to "highly likely".

Third one I will also shift to "likely".

Though I will add:

- Near zero chance of sales anywhere near 126 gal/hr.

(I would wager Petrozene sales corresponding to 5 gal/hr of production [I]or less[/I] for the next 10Q.)

As to your other "Logic" questions:

Would they buy the CTR facility with feedstock to house the pyrolysis machine to make Petrozene if they did not have sales committed?

- Since it wasn't their money and they've have used other people's money on non-revenue generating ventures before (Aqueous), then I'd say "yes".

Would the JV have been formed to produce Petrozene if they did not have sales committed?

- See above. Yes.

Would Gerald Johnston, former CFO of Tyson Foods recently become Freestone's largest shareholder by far with 12,141,667 shares, if he did not know sales were committed?

- Can't say. My assumption would be "no", but we don't know the details of his deal.

Things are looking up, though. If FSNR can turn Petrozene into a desired product, this stock may do something. Time will tell, but this is the most promising turn of events in a while.