Wednesday, October 17, 2018 9:11:47 AM
https://markets.businessinsider.com/news/stocks/claren-energy-corp-and-terra-nova-resources-inc-announce-closing-of-spin-out-1027500387
But what is important here is that the old crooked Terra nova group got away with the ultimate rape of its old shareholders and reversed them down to 6.8 million shares then did a new financing at .005 (relative to old)giving the new holders around 80%. Good news for HENC, Why?
Because the new investors will have put in almost $1.2 million new cash and with yesterdays TENO PR you can bet they will be finding a deep pocket partner at current oil price and announce drilling a well shortly after their shares free up after 120 days hold. Announce a well and the HENC stock immediately goes to at least a dime just on the announcement. Hit a well then with over 800,000 net acres HENC back to .50. Since HENC has half the play with honest management and starting now at half TENO's market cap, HENC will get a much better play then teno from current price.
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- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 08:06:44 PM
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