Houston Natural Resources Corp (HNRC)

[Melly Mell]

Added Shares Explained in Q1...



NOTE 4
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ACCOUNTS PAYABLE
The Company had an account payable to an unrelated party in the amount of $45,000 for services provided through December 31, 2013. The accounts payable was settled with cash and the issuance of 45,000,000 common shares, pursuant to Section 3(a)(10) exemption, under a court order from the District Court for the State of Florida.


I suspect these were added to the float , making it 356 mil.



Also stated in the Q1:

"There were no potentially dilutive shares outstanding as of March 31, 2014."


If this is true, then we have to read between the lines of the current trend and trading pattern.

Time will tell.


That is all for now.


Have a great wknd all.