Houston Natural Resources Corp (HNRC)

[UNDAUNTED]

Everytime the company talks about its value they always say our 'Assets' are valued at 31 Million or they will say our Assets / share value is $.03

It is said that way to be deliberately deceiving. Those 31 Million in assets were bought with borrowed money. I don't know if it is a credit line or a note or what but it is borrowed money. This is why we have not seen audited F/S, and may not for a long time. Audited F/S would expose WNTR for what it is. A company with 31 Million in Assets & 31 Million in liabilities and they are trying to make a profit before having to pay it back.

It's essentially the same as a homeowner borrowing against his house to invest in the stock market. He trades 1 asset for another in hopes to make money on it before he pays it back.