Houston Natural Resources Corp (HNRC)

[icbeatsthestreet]

Since you NEVER provide facts to support your opinions, with that logic, shouldn't all your posts be ignored?

I am basing my evaluation on the unaudited information available in the last 2 quarterly reports:

WNTR listed $40,000 in I Texts receivables in Q1 and $100,000 in Q2= $140,000

WNTR owns 20 % of I Texts. Multiply the recivables × 5= $700,000 in profit.

Since Q3 is the first full Q with the Rakuten partnership, I am conservatively expecting $125,000 in receivables in Q 3 and $150,000 in Q 4. That is not unreasonable.

$125,000 × 5 = $625,000 in I Texts profit in Q 3. And $150,000 × 5 = $750,000 in Q4

Q1 & Q2 = $700,000
+
Q3 & Q4 = $1,375,000 = $2,075,000 in I Texts profit for the year.

Apply a conservative 25 P/E ( 1/2 the P/E of the avg.internet stock of 51) × $2,075,000

=

51.5 Million Market Cap.

Now, you can argue that it is all fraud. However, you can make the same argument about 4800 stocks on the pink sheets that don't have audited fins.

If you want certainty, buy audited big board stocks and post on their msg. board. The above analysis is based on the information available. I guess we will see IF and when the financials are audited.

IC

I am not going anywhere.