Houston Natural Resources Corp (HNRC)

[Go Pack Go]

We have a lot to look forward to in the coming weeks. HNRC should be reporting 2nd quarter earnings relatively soon. There should be an update on the Cunningham acquisition. Getting SEC approval for WDHI will take a little more time. It was filed in late June. The SEC usually reviews the filing and then comes back with some questions after about 30 - 45 days. The company will answer those questions, the SEC will put us in their queue and then should approve the stock for trading. Based on my experience with other investments like this, the estimated timeframe for receiving approval would be late September to mid-October. My understanding is the dividend shares are registered shares, so they should begin trading immediately. Maybe you guys could put all this negative yapping about the dividend on hold until October. We all know the SEC approval process takes time. Once all the audited financials are announced, I think we will find that we own two well-run companies (WDHI and HNRC) with lots of upside potential. There are better days ahead.