Houston Natural Resources Corp (HNRC)

[DRJ69]

I really had high hopes for this company, but the past year and one half has been a total disaster. Broken promises, untradeable stock spinoffs, delay after delay. We investors, in my opinion, have been screwed, but what do you think the management of the companies that Frank purchased are feeling. They were paid in either common stock or preferred stock, which if the preferred stock was based on a conversion ratio, their payment has been basically destroyed with the exception of preferred stock that has no conversion ratio to common stock. They have all lost a huge amount of net worth. What do you think they are feeling right now about the value of the stock?