Houston Natural Resources Corp (HNRC)

[Melly Mell]

No problem, I like to contribute documented data to the community (good or bad) that may have been overlooked.... (or not.)

Such as...
"Q1"
NOTE 4-
ACCOUNTS RECEIVABLES AND OTHER ASSETS
"The Company has an account receivable due from China Ming Yang in the amount of $1,734,000"

Who is China Ming Yang?

Ming Yang Wind Power Group Limited ("Ming Yang") is the largest private wind turbine manufacturer in China and the fifth largest overall in the country.[1] Since 1 October 2010, the company is listed on the New York Stock Exchange.

China Ming Yang Wind Power Group Ltd (NYSE: MY)

http://en.wikipedia.org/wiki/Mingyang_Wind_Power

http://ir.mywind.com.cn/phoenix.zhtml?c=238508&p=irol-IRHome

**China Ming Yang Wind Power Group (NYSE: MY ) went bonkers last week, with shares tacking on a staggering 50% in five trading days. The stock hit its highest point in more than two years. (3/04/14)-(Stranger things have happened..)

http://www.fool.com/investing/general/2014/03/03/why-the-heck-did-china-ming-yang-wind-power-group.aspx

(Cool for them, the books says they owe WNTR over 1.7 mil)


"Q1"
"& $500,000 in an account receivable due from Solar City."

Solar City?

Solar City is an American provider of energy services to homeowners, businesses, and government/non-profit organizations. Among its primary services, the company designs, finances and installs solar energy systems, performs energy efficiency audits and retrofits and builds charging stations for electric vehicles. The company had more than 2,500 employees as of December 2012.

http://en.wikipedia.org/wiki/Solar_City
http://www.solarcity.com/company/

(Cool for them, the books says they owe WNTR .5 mil)


Definition of 'Accounts Receivable - AR'

Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. Receivables usually come in the form of operating lines of credit and are usually due within a relatively short time period, ranging from a few days to a year.

On a public company's balance sheet, accounts receivable is often recorded as an asset because this represents a legal obligation for the customer to remit cash for its short-term debts

http://www.investopedia.com/terms/a/accountsreceivable.asp


"Q1"

"The company (WNTR) expects to realize income from these receivables in the second quarter.

In addition the company has receivables from I-Texts, Inc. for $40,000, Telemedcare, Inc. for $8,500 and American Wellness Center, Inc. for $5,000 (Blah Blah). "

Just some documented verbiage in the Q1 that if true, is slightly attractive.

Quite a few post here doesn't warrant a response.

As it has been said, if all this is true, the picture to the puzzle is on the box, it's up to us to put the pieces together. (MC)

Combine the above information with a seemingly healthy chart pre- 5/16.

I suspect this is why the pps is declining.


Regards
GLTA