The funny thing is that the 10 page promo piece looks like a typical pure hype deal. But ironically, it is ALL TRUE. What I have been saying to my followers for the past month is that it makes no difference whether this stock is being promoted or not four to six months from now. The stock will either be north of $2.00 or south of .20. By that time they will have drilled at least six wells. If they find a multi-thousand barrel a day well we are over $2.00. If they hit all dry holes we are under .20.
I have been critical of only one thing about this Company. And that is their lack of expertise in running the "Public" or stock side of the Company. Hiring these guys was an effort to address that, so I can't complain too much.
One last comment. I see no way that either the Company or any insider is selling this stock. They have been nothing but buyers of many millions of shares at prices up to $.90. And all above the current price in recent months. Since SEC rules make it not likely that any insider buying can happen within a week of earnings, I would not be surprised to see some insider buying in the next week or so after the numbers come out Monday.
Recent HENC News
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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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