Petro Rio S.A. ADR fka HRPTY

[Northsun0]

I feel the fact it turned out that it was going to be a 10 to 1 R/S instead of a 30 to 1 R/S is a big factor in the better performance of HRT. If it was 5 to 1 in my opinion the performance would have been even better.

Historically R/S are not favorable to the shareholders of companies. I feel the current rise in HRT is a result of the improved outlook for the company, and would have taken place without a R/S, with an even better performance in the stock price if the R/S was not going to take place.

The jury is still out as to how the stock will continue to perform due to it's much lower liquidity as a result of it's R/S. Which I stated in my last post is to low making it very unattractive to institutions and many individual investors.