Houston Natural Resources Corp (HNRC)

[tutankhamen]

Been in and out of this a couple times...WNTR is a trade vs. holding IMO. Facts that keep me from holding this long term are:

1. Nothing has been audited and the types of investments being made here (Chinese companies, itexts, patents, etc) REQUIRE auditing to establish the real value of stakes.

2. PRs come out about investments but little quantifiable..ie. like $1M investment for 12% of the company". We don't know what FK is really buying for us.

3. Dilution is real - 700M shares O/S last summer has balooned into 1.25M (61% increase) - 47M per month every month - Float up from 311M to 356M.

4. Dilution hurts earnings - With just $500K in revenue and $300K in earnings, spread this over 1.25b shares and the PPS won't ever support meaningful earnings per share. And it won't support uplisting without a serious reverse.

5. Wellington Shields has never been mentioned by name. If FK dilutes to the limit he has another 900M shares he can sell you. Right now that is about $4.5M left assuming the price doesn't decline...He will need to start mentioning WS prominently.

6. $100M Gulf Oil/Gas or the $100M employee placement investments don't seem to come to fruition.

7. PRs every 4 days to keep the stock price up are fine but they are getting less and less meaty..last few on new MJ fund participants (is anything in the MJ industry going up?).

8. What happened to cheerleader Hungry Hippo?...12 posts a day down to nothing. Ignorant cheerleading is the opposite of ignorant bashing - Ignore both.

Don't rely on this or any post...Melly is right, do your own DD but ON THE COMPANY AND MANAGEMENT.