Hero Technologies Inc (HENC)

[tchauncy]

fingolf- Glad to see that you took my advice and started looking at the "published" reports that could affect HENC with your discovery of the Beach Energy article. Beach is selling a big chunk of one of their other plays in order to put more money into Cooper. Beach isn't the only company still hot and getting hotter over at the Cooper.

A few dry wildcat holes mean very little in the Cooper as to ultimate value. For those not aware. When the Cooper was first discovered over 50 years ago, the discovery Company drilled more than a dozen straight non-commercial wells before finally making a discovery. And that was when gas was worth nothing. Today, NG in addition to oil is getting big. Something that was not happening five or more years ago. This making the two leases even more valuable.

As I mentioned a few weeks ago here. I have not attempted to contact anyone in management here because I have been so close in the past and don't want any "inside info" as I am still opportunistically buying the stock as I said I would be doing right after this was delisted on the QBX a couple of years ago. But for now, there is plenty of public information that clearly shows that Holloman Corp is not going to just "write off" their $20+ million investment in this huge field.

Don't know if anyone has been paying attention, but when they decided to save $400,000 a year in QBX filing fees, they did tell shareholders they would continue to file quarterly and annual reports with their auditor. And just as I have always known this group, they don't BS, they keep their word and have kept up their filings to include a recently filed 22 page Annual Report to go with all quarterly s and 2016 annual on otcmarkets.com

Nowhere in reading these filings is there even an insinuation that Management is considering letting this go. In fact, since leaving the QBX, Insiders have bought some 12 million restricted shares privately for almost $400,000 to keep up company overhead. Bought at an average price well above the current price. (They buy the restricted stock at whatever the market price is at the time, not a discount, each quarter when they need to add operating cash.

Also of note from the filings, HENC currently has over $10 million in shareholders equity, $5.6 million Tax Loss Carryforward and reported O&G value of $16 million for oil reserves reported under full cost accounting. All this with a current market cap of less than $3 million.

In case you are wondering why it is so thin, there is Total Shares outstanding now of 126 million, Authorized 150 million, and all but around 40 million shares not held by insiders.

With all the speculative craziness we have seen with rumor penny stocks lately like Fortem (Strongbow- Remember the Proxy fight?) FTMR which has gone from a $10 million market cap to a current $360 million market cap in less than a year. And still has no revenues. did it by just by making a few acquisitions for stock. Or log dead King (KRFG) can go with volume from .0001 to .0035 with no one knowing even who is running the Company let alone how many shares out. Seeing this, it would seem to me that HENC has to be worth at least a nickle or dime based on takeover value alone. When it runs, and you can bet at some time it will, it is going to be hard to get any size accumulated. While I know a lot of heavy investors in the stock who own it much higher, if they haven't sold by now, they are not likely to sell at anything resembling sub-quarter.

https://backend.otcmarkets.com/otcapi/company/financial-report/188728/content

All filings here:
https://www.otcmarkets.com/stock/HENC/overview

Contrary to fake news spread by one here, HENC still has the same top Management to include Chairman and President, (who also serve as head of Holloman Corp, a thriving 70 yr old, Billion dollar engineering firm in Houston.)

The only reason I am taking time right now to put this up is I have been called upon by name here and through emails to make a comment. Since I have been here so long and since there are such few loyalists left, I feel obligated to tell it like I see it.

Do I expect anything to happen real soon, I don't know. I only know it is stupidly valued at the current level and will, when least expected make a big run no matter who owns the stock at that time.

JMHO