Replies to post #66152 on Houston Natural Resources Corp (HNRC)

[edro]

Yo yo,hate to bring this up but da company has earning too.Yo yo getting oversold like a mofo too.

[Go Pack Go]

I think you have the timing about right. FINRA approval can take 60 - 120 days depending on how many questions they have for HNRC. After getting FINRA approval, it will probably take Equiniti and the other brokerages 2-3 weeks to get the WDHI dividend shares in our accounts. Getting SEC approval for the S-1 usually takes 45 - 75 days. The two filings can somewhat run in parallel, so late March to mid-April for the dividend stock to start trading is probably reasonable. Assuming the Pogo acquisition is closed by the SPAC, there will be another dividend sent out to HNRC stockholders in late 2023 or 1st quarter of 2024. The key to the long-term success of the company is closing the Cunningham deal and developing all those wells. If HNRC can get 120+ wells producing, it will have great cash flow and we will have a very nice investment. it is going to take some patience and time for this to play out.