Replies to post #37424 on Freestone Resources Inc. (fka FSNR)

[welloff]

None of that even matters because fsnr is not selling petrozene, or much of any business at all! It's clear if fsnr is in default that nothing is working. So another dead end for fsnr.

[RedShoulder]

I'm not too concerned about the default having serious consequences. Clearly it's not a good thing however I don't think that Cronin wants it back so my guess is he will work with the company. We shall see.

I agree; Cronin does not want it back; based on the fact that he could already done so if he did want it back (less the Pyrolysis machine), but instead is negotiating with the company. The Q also says they are seeking alternative financing more favorable.

From the Q:

"The Company has begun negotiations with the note holder to restructure and extend the note and is also seeking alternative financing."

[welloff]

Oh, I bet there's a great reason why Cronin wouldn't want a dying business back..lol since he could legally take it back.

[Dad4487]

I don't think Cronin wants anything of freestone but the money.
I think he knew freestone wouldn't accomplish the pyrolysis.
Carter and Johnston are two different people with completely different mindset goals for accomplishing.
McGhan has been with the freestone company for years.
He knows big business and startup business and pennies like freestone.
It obvious neither McGhan or Johnston wanted to test the pyrolysis world.
As one who has been in the oil and gas field, I know the bad taste freestone has in that field.
EncapSol left the bad taste because it got big attention only to be a farce.
Honestly some the previous acquaintances of freestone has had a bad reputation to many in that field.
Both McGhan and Johnston have achieved big time but McGhan was released from the company he and another built with a not to good of a name.
As to Aqueous finally being dismissed is a help, and I think they will negotiate a new deal and contract.
McGhan and Johnston have the money and connections to achieve.
This new venue with its tire service will be interesting to see what all they are trying next.
I'm pretty sure it's already started and Cronin will come out with a good bit of share holdings and cash.
Best to you.