Houston Natural Resources Corp (HNRC)

[Justfactsmam]

Just here to amuse myself...whatever is happening or not happening with this "acquisition" ... it sounds as though the most optimistic event that might happen is a Reverse Merger with an Employment company.

Given that ... how would the shareholders of WNTR expect it to be paid for? If the share count is correct on Yahoo..there are 203 Million shares outstanding. I would expect a Reverse split to occur in the range of 200,000 (or more) for 1...reducing the share count down to 1,030M shares...from there the shareholders would issue shares for the new corp in a sum that would represent 95% of the outstanding shares with current shareholders retaining 5%, at best.

But it does sound Alice in Wonderland...since this $100M revenue/ $5million ebitda company could easily list on any exchange right now...or certainly do the same with another, or buy a shell and get 99% of the shares...certainly not engage with a "pink sheet" company.

glta...