Replies to post #64461 on Houston Natural Resources Corp (HNRC)

[Crawfors]

let's be fair-
they're adding value to the company

those extra 3 million shares are this "HNRC TO ACQUIRE WATER TREATMENT COMPANY FOR $10 MILLION"

The company has received financing commitments for the transaction which will be a combination of cash and securities. The company intends to continue to acquire additional wastewater treatment facilities and technologies to provide for a nationwide network of wastewater treatment plants.

Revenues and EBITDA for 2022 are estimated to be $8.5 million and $1.0 million.


So they sold some shares and used cash- for something that's going to add substantial revenue

that is a GOOD DEAL