Thursday, October 23, 2014 10:10:11 AM
Absolutely. There have been Series 'C' shares Issued for acquisition. Par Value .001. Valued at $5.00/share. I believe they are convertible at a 10:1 ratio. Saying this, anything under a $0.50 PPS for common shares would be a loss to convert.
And dilution of common shares has happened...the financials tell the story... I think some attention should be given to the Stockholder's Equity section of the financial reports to help understand. For one, dilution has happened as a result of the Ludvik transaction in accordance with a third party acquiring the $650,000 note due. However, realizing the changes in the Issued and Outstand shares within the past year leans credence to the fact that Frank is being very savvy about his personal investment in WNTR. (ie. reduction of Outstanding shares from Q1 to Q2 2014).
......(...notice that the O/S number on otcmarkets.com includes a large number of treasury stock....)
Cheers
Recent HNRC News
- HOUSTON NATURAL RESOURCES CORP UPDATES SHAREHOLDERS • InvestorsHub NewsWire • 10/05/2023 11:14:08 AM
- Will Shares Pop on News of a 10% Acquisition of this Copper Miner? • AllPennyStocks.com • 08/14/2023 01:40:00 PM
- HNRC ACQUIRES 100% INTEREST IN CUNNINGHAM ENERGY LLC Increasing HNRC's Net Asset Value $3.35 Per Share • InvestorsHub NewsWire • 07/12/2023 11:17:53 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM