Hollund Industrial Marine Inc. (HIMR)

[ryanchang92]

I'm not sure if anyone read the 10k but I've read many things in there that gave me the confidence to stay with this stock. The link is

http://www.otcmarkets.com/financialReportViewer?symbol=HIMR&id=118978

The main reason why I would go long is if you look at page 12, you can see that they enter a letter of intent with Bayano
Lake Wood Products Corp on June 28,2013 and that they finalized and executed the Contract on October 21,2013. With this contract, they could now do harvesting,extraction and processing of trees from Lake Bayano, Panama. They paid $60,030 in this contract but besides getting the rights to harvest the trees they also got : " Under the terms of the Contract Agreement the Company has acquired a 13.8% share in Bayano Lake Wood Products Corp and a profit share of 9%.As part of the Contract Agreement, the Company was also to have an option to purchase an additional 11.2% of the shares of Bayano Lake Products and 8% of the profit share by December 31, 2013."

On December 31, 2013, the Company paid an aggregate of $57,000 to execute this option for a total stake of 25% in Bayano Lake Wood Products Corp and a profit share of 17%.

Here is one of the reason why I think the company has big plans and also why they give me the confidence to stay in this. If you think about it, why would HIMR execute the option unless they themselves were confident in the Bayano Project. They had no reason to execute that option because they already had rights to harvest the trees. The only reason I see is if they think that the project would be very very profitable and they wanted more profit shares.

Besides that on August 2012, the Company signed a strategic distribution agreement with North Cal Woods Products, the nation’s premiere reclaimed wood retailer and reclamation services providers for the on-site milling and distribution of wood that may be harvested by the Company. If you look at their Youtube video,

You can see the company who uploaded this video was in fact North Cal Woods. This I think is very important because it shows that not only does HIMR have confidence in this project, but another company also has confidence in them. This also indicates one more thing, and that is that someone will want the logs that HIMR will harvest. That means there would not be a problem of no one wanting to buy the logs that they harvest.

Lastly, HIMR has once before did a stock buy back. On June 25, 2012, HIMR release a PR staying that they are discussing retiring stocks and on 8/13/2012 they held true to their words and retired over 1 billion shares. I think in order to retire stocks, they must first do a buyback. This gives me confidence that they will once again stick to their words and and do a buyback again. Since it took them around 2 months last time, I expect around May to June for the buyback this time.