Replies to post #67912 on Houston Natural Resources Corp (HNRC)

[lbow]

I think the risk reward here is very interesting. Have bought some and will buy more if it tells me to.

[CanItBThisEZ2Make]

It's 117M OS and The equity over $400M so I've derived from the companies last 10-12b, 99.1, last quarter report, most recent PR and the OS shown on OTCMARKETS website

[OTCShotCaller]

What's Important is The Float Not The O/S

HNRC's public Float is only 33.7M according to the most current Quarterly Report which are the number of shares available for trading.

This is a very small Float therefore it's much easier for the share price to increase the more the stock is bought.

It's this low Float that makes a big run much easier!

The only question that remains is when HNRC changes names to Cunningham Energy, will the Share Structure remain the same "pre-Uplisting" to NASDAQ or NYSE which automatically means the share price will need to be at least $4/Share to qualify for the Up-Listing.

So it would be in the company's best interest to retire several Million Shares from the O/S to make it easier to reach a $4 Share price to pre-qualify for listing on a Major Exchange.