Houston Natural Resources Corp (HNRC)

[scottydoesntknow]

This was in the Lemaro filing and I haven't seen anyone mention it on here. Hard (at least for me) to say whether this is good, bad or indifferent without knowing what assets/liabilities were involved.

Ludvik Transaction
On December 17, 2014, Ludvik Holdings, Inc. (“Ludvik”) entered into an agreement with the Company for the transfer of the Ludvik assets, held by the Company, in exchange for 5,000,000 shares of the Company’s Preferred Series A and 12,500,000 shares of the Company’s Preferred Series B in addition to assumption of certain liabilities with the transfer of the assets. The combined balance sheet, as of December 19, 2014, reflects the changes due to the Lemaro and Ludvik transactions.