Houston Natural Resources Corp (HNRC)

[Decarz]

This what they said

Wntr news yesterday
The company recently announced a tender offer to acquire up to 2,000,000,000 of its company common shares at price of $0.01 per share. The offer was to expire on November 17, 2015. The company has extended the offer until December 31, 2015 to provide for the transfer agent to become the depository agent and to co-ordinate with Depository Trust Company ("DTC"). If the Company is unable to provide for electronic submissions and obtain financing it will evaluate other options to increase shareholder value to realize the company's net asset value The company has received, as of December 15, 2015, a total of 189,333,400 common shares at prices between $0.0001 and $0.01. It has also received a total redemption of 650,000,000 previously issued common shares, to reduce the amount of shares outstanding.