Ignoring the past success of the CEO Michael McGhan who built two billion dollar companies in this field of O&G services, and Gerald Johnston the retired CFO of billion dollar Tysons Foods as a Board Advisor and becoming FSNR's largest shareholder by far, does not make any sense at all when doing due diligence. You rarely see credentials like this in control on a OTC stock; and past performance weighs heavily in the due diligence.
I think the above quote is the illogical reasoning; past performances do in fact count heavily in doing thorough and proper due diligence.
In management and the board, FSNR scores a positive in the DD.