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Well than re-read your post that you posted and it clearly says "Virtually and Physical"
Not trying for cheapies. I have all the HNRC shares I want - just a small position.
I believe that is virtual and there is no actual office space there. I could be mistaken.
What? What? Unbelievable, not a Houston address - LOL
Inaccurate info. Do some research!
If you have "Houston" in your company name, it probably makes sense to have some kind of Houston address. No one would buy a company called "South Carolina Natural Resources Corp. There is no oil there.
I agree, there is a lot NOT to like here, but the run is probably tradable.
GLTU..I believe this is gonna go BIG GREEN this QTR..
Someone sold about 90K shares, just a speed bump :)
I bot back in yesterday after I made money on the first run,
I am with you for this momentum play
The main issue as stated before I will just trade this because frank is only going to enrich himself so I will try to stay ahead of it.
the more time I spend looking into this the more there is Not to like,
Example, the corp address, call the company that is actually at the address, its not houston resource, they just receive the mail for houston, no phone there, frank is in SC, so why a virtual office in houston? Maybe there is a good reason as I know houston is a great place for oil business, but nobody is there.
What is the diversified holdings? Is it a truck that hauls water for the oil wells? Not much explained for all the millions in assets they are supposed to have.
So I welcome any info from anyone as I would really like to believe this is a real company instead of just a stock to trade.
Hoping Dolphin will tell us when his chart says to sell
CAN'T STOP
WON'T STOP
700k volume so far today
can we break 60 cents ?
Obviously not in the 17 minutes since you last posted that stupid question!
Stop spamming.
that volume though!
$HNRC
We're makin thousands here...did you miss out?
Re-read, it says "Virtual and Physical" office
Some DD
Welcome any feedback or additional information to help review this as an investment
According to the HNRA registration In December 2020, HNRI formed HNRAC Sponsors. LLC (“HNRAC”).
HNRAC formed HNR Acquisition Corp., a Special Purpose Acquisition Corporation (“HNRA”)
HNRAC Sponsors, LLC owns 359,375 HNRA common shares.
Question would be did Sponsors have to pay anything for those shares or did they receive them for "sponsoring & managing the deal".
Who is the auditor on financials, your OTC Disclosures? I do not see one, only frank signing "to the best of his knowledge"
I wonder what the waste water treatment facility business is called/named, what does it look like and where that is?
NOTE 6– COMMITMENTS & CONTINGENCIES
Rent
The Company currently uses a virtual office and physical offices located at 3730 Kirby Drive, Suite 1200 Houston, TX 77098
Do people realize the company does not have a physical office? Their virtual office is at 3730 Kirby Dr #1200 which is PAD Specialists Corp office.
Frank is in Charleston South Carolina.
Maybe its good to have a houston address if you are in the oil business?
Do people see frank gave himself 3,000,000 shares each of the past 3 quarters for a total of 9,000,000 shares at .50 = $4,500,000 = nice of the shareholders to pay him?
that is after the 1 for 50,000 share consolidation
.795 was the high on the March run. I would like to see a high above .80 on this run to change the dynamics of the chart from "lower highs" to "higher highs".
let;s get that #1 spot here!
currently HNRC is #3
thanks for sharing..also on the BB board top ten!!!
Wow, the following count finally starting to move here, up 1 to 461. Meanwhile on ST the following count went from 130 last week to 434 this morning. Plus all this discussion about the shorts on this that have to cover should send this flying even twice as fast!
GO HNRC ;) $$$$$$
easiest solution to shorters is.. you guessed it.. BUYERS
we are getting a lot of those
we've never had this many bodies in the stock before.
Don't worry as the price goes up they vanish and make the share price go up faster!
I don't trust them at all. They will find a way to bust it down.
this was already shorted to the max
they can't short it more unless current holders sell lol
so good luck.
read back 4 months ago with the insane amount of shorts and huge naked short position
that's why i don't care how many see it.
the only real option is buy/sell
I saw that a bunch of watchers have joined stock twits, not necessarily a good thing imo. Looks like a bunch of shorts getting ready to jump on.
Good morning All
Let's take over that #1 spot on the breakout board today :)
Is HNRA part of HNRC .....
You have to look for Houston Natural Resources Inc in a document by the sec such as this:
https://www.sec.gov/Archives/edgar/data/1842556/000121390021005309/fs12021_hnracquisition.htm
and then search on the OTC Documents where it indicates they are a subsidiary like on page 19:
https://www.otcmarkets.com/otcapi/company/financial-report/329468/content
it seems legit, unless you can prove other wise.
Just remember when the Pre-Deal goes to Live-Deal this should really move:
https://www.spacresearch.com/symbol/HNRAU
If I have only 100k shares at $50 I can live with that.
I had 250k.
30 million shares outstanding. Market cap $15 mill.
I find it extremely difficult to believe you have100,000 free shares? Where does this come from? OS was less than 200,000 after reverse split.
@Prinz18 Do your dd and some reading!!!
https://www.otcmarkets.com/stock/HNRC/disclosure
More nonsense
Quigley if it makes you feel better I bot back in at .44 for tomorrows run
please start hyping up these wonderful press releases so this gets to a $1.
Also when you have time please send over the Non Energy Asset portfolio of $53mil so I can look at that better as I cannot find it. Thanks in advance.
Thanks Dolphin, good to watch your stock info, keep posting
Nice post Go Pack, agree, need some back up info
Unaudited financials!
buddy 45 cents is WORLDS better than the 20-21 cents this was..
in fact it's over 100% better lol.
small victories. watchers on stocktwits has exploded. this is on a lot more peoples radar now
Houston Natural Resources Corp. (OTCMKTS: HNRC) is an undervalued oil & gas company with several interests including nearly $90 million in potential oil reserves and is on schedule to pay dividends quarterly starting in 2023. The dividends are just icing on the cake, because investors at these prices could see significant value well before receiving their first dividend.
Look at some of the company’s fundamental indicators:
Book Value Per Share (BVPS): $2.39
Trailing 12 Month (TTM) EPS: $0.27
TTM Sales per Share: $0.63
HNRC is currently trading under 25 cents per share, this is a SIGNIFICANT undervaluation.
How often can you buy a stock trading below its EPS?!
Energy stocks are trading at 17.8 times earnings,
At that PE ratio, HNRC would be $4.80 per share.
A $10,000 investment at the current price with an exit at $4.80?
That would net around $199,996!
That a perfect correction and consolidation with a much higher base. Going back up twice as strong IMO $$$
there you go....million and a half shares and right back where we started.....great job
Quigley, i appreciate your strategy however it does not always work like that, look at 2017 post which is good example.
Look at "Cunningham Acquisition" deal for up to $100,000,000. Do you REALLY think Houston will buy Cunningham? Cunningham doesnt want to be purchased/bought out, they want investors, Cunningham invests in oil deals so houston may throw some million shares at it + $50,000 cash for a year, using shareholders to pay for an investment which will have minimal accountability because cunningham is a private company.
This is all fine however the press release, the value and the true cost to shareholders in the way of dilution is all Deceptive.
Where is the $53million in non-energy assets? Really what is it? Some more shell companies that do what. IT and Telemedicine? True value has not been audited so it is really whatever the company wants and as long as they just trade shares instead of actual cash, No True Value will be determined.
https://wdhinc.net/ < nice trendy words on the website
Telemedicine was huge in past two years, everyone was doing it, so where are all the headlines, press releases, massive revenues from the past two years. Or was this an idea that didnt take off in the "World Wide Diversified Holdings" portfolio?
When was the waste water treatment facility transaction going to be complete? June? This is probably legit but will be all shares given away so why say its closing in June?
I am just trying to do some DD and the most creditable thing I see is 2017 post on frank and how he plays with shares, dilutes the shareholders to make money.
So I am just trading this one but I would completely welcome and appreciate any DD you have on what is behind the press release
thanks in advance for your input
Yes, if they were to do something along those lines, I believe this would rocket past a buck and never look back imo.
50 DOLLAR STOCK...........PUT IT IN THE BANK
Well said.
The spinoff is based on asset value ($1.75) but the dividend will be based on HNRA dividend. I am hoping they pay cash as they receive cash dividend. This will put HNRC into a new trading range of dollars not pennies, imho.
Quigley 2 weeks ago you thought it would come back to .16. This is how quickly the psychology changes. Those buying when its over bought are the ones who get played.
Buy oversold and sell overbought but always hold a core position of free shares is my philosophy in otc.
The most encouraging fact is that we have seen a big jump in price and volume with no news announcement. In the past, any price upswing was always preceded by a promise of something good coming announcement. There has not been a press release for a few weeks. Now is the time for HNRC to start building investor trust by making announcements about what they DID, not what is coming. Let us know that we closed on the Cunningham acquisition, we closed on the water treatment acquisition, we started work on the 80+ wells, the SPAC closed on a deal, we are filing audited financials and we are ready to uplist the stock. All of these previously announced future events need to start coming true. While the stock dividend is a nice bonus, I can't see it being distributed until late 4th quarter and most likely in the first quarter of 2023. The earliest distribution would be 90 days after an announcement. And the value of the stock dividend we are going to receive will be based on earnings, not asset value. So far there has been no information provided regarded earnings for the assets being split off and what the past earnings have been for the remaining HNRC company. Investors need more transparency from the company in order to make smart decisions. There is lots of great potential but we need more financial clarity for it to all make sense. A well-written press release explaining how this is going to work would do wonders for the stock price.
HNRC REPORTS RECORD RESULTS FOR PERIOD ENDING MARCH 31, 2022
https://www.prnewswire.com/news-releases/hnrc-reports-record-results-for-period-ending-march-31-2022-301535722.html
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