Replies to post #24580 on Frontier Energy Corp. (FRGY)

[azco_com]

I tend to agree with you, but anything can happen in pinkyland.

As a few people have posted here, Rick(the CEO) has said that the recent increase in OS has been for stock that has been restricted for a year to cover legal and audit fees. If that is the case and news is on the way, that would be a great scenario.

However, most know and have seen that Rick has not delivered value to the shareholders since he has been with the company.

Hopefully, he can come through this time and build his credibility back with the investment community.

Again, the market cap is back around $350k, where the stock has had major run-ups a few times before. At this level, this stock is just as good a gamble as the best of them out there in pinkyland. IMO

[surfkast]

Am I missing something? Where does it say they invested $65,000?
It says they own the shares.

My thoughts are they were given the shares for services rendered.

Look at the past 10 - Q filings. They keep issuing stock.......
For example:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6264657

I believe we will see an updated 10 - Q confirming my suspicions.
I hope I am wrong for the sake of the bag holders here.

But alsobe aware of this:

On September 8, 2009, the Company executed an employment agreement with Richard Shykora for the position of Chief Executive Officer. The term of the agreement is for a period of three years. As part of the employment agreement, Mr. Shykora will receive 20,000,000 shares of common stock and 50,000 shares of Class B common stock. The 20,000,000 shares of common stock were valued at $80,000 which is the fair value of the shares of common stock on the grant date. The 20,000,000 shares of common stock were issued on October 20, 2008. The 50,000 shares of Class B common stock were valued at $400,000 which is the fair value of the shares of common stock on the grant date adjusted to account for the 2,000 to 1 voting rights of the Class B common stock. The 50,000 shares of Class B common stock were issued on September 17, 2008. The fair value of the shares will be amortized on a straight line basis over the three year service period. During the three months ended September 30, 2008, the Company recorded executive compensation of $13,333

On October 20, 2008, the Company issued 1,000,000 shares to Richard Shykora, an officer of the Company, for services rendered to the Company.

On October 20, 2008, the Company issued 20,000,000 shares to Richard Shykora, an officer of the Company, as part of his employment agreement.