Houston Natural Resources Corp (HNRC)

[nsomniyak]

The company is asserting that the WDHI shares will trade at $5. The market is saying "we don't think so". There is NO independent confirmation of that $5 value.

To me this looks kind of like a "corporate garage sale", where odds-and-ends assets are being pushed out the door.

WDHI shares will be worth whatever someone is willing to pay for them when they have been received and can be traded. I have substantial doubt that will be $5.

Good luck to you - hope you make money on this play. I will pass. If anything, HNRC as a pure O&G play after divesting the WDHI assets (by definition, leftovers that are no longer wanted) might be more interesting to me after the spinout of WDHI shares has occurred.