Replies to post #215 on Freedom Environmental Services, Inc.(fka FRDM)

[jdsgungho]

i have no problems with that at all, i am much more concerned about this recent statement from their filings

On June 11, 2008 we issued 12,746,444 of our common shares (“Shares”) to creditors as consideration for settlement of indebtedness of $287,066. The Shares were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended.

that comes to .0225 per share, question is are they selling?

or is the creditor an insider?


No underwriters were retained to serve as placement agents for the sale. The shares were sold directly through our management. No commission or other consideration was paid in connection with the sale of the shares. There was no advertisement or general solicitation made in connection with this Offer and Sale of Shares.

[Sola Fide]

Check your math! 200k x .2 = $40,000

Often is the case when a company or 3rd party shareholder is willing to payout large for promo...they have shares to sell.
Promo plays can work both ways...