Replies to post #48255 on Houston Natural Resources Corp (HNRC)

[tutankhamen]

I could tell you that WNTR has about $31M in UNAUDITED assets in this whole time period. Assets are worth only what you could liquidate them for and we have no idea of that because FK has been promising an audit for over a year now. Assets also can be performing or non-performing and frankly, when I see nothing but i-texts creating less than $250K in quarterly revenue and $35K in net income, I am underwhelmed. Thus you are not buying into performing assets, you are buying into the HOPE that FK is the next coming of Warren Buffett and with all due respect, nobody here knows a damn thing about Frank and his ability to spot and invest in radically undervalued assets. Float has also gone up at least 100% in the last year, really couldn't care less about it when I see 400K shares traded on a day like today.