Replies to post #18678 on Houston Natural Resources Corp (HNRC)

[TheHungryHippo]

AND THOSE 154MILLION common SHARES that Ludvik holdings owns?

and the 200 million common shares owned by two insiders, who by the way who have not sold a single share yet...

Will they want their shares reverse split? If so I bet they wont let their shares be screwed by an improper valuation.

[johngoodboy]

You are right either a r/s or maybe a buyback! We will know more once they audit their financials.



answers.yahoo.com/…/index?qid=20080418052748AAwuNWx

Best Answer: According to the American Stock Exchange, the minimum price for US companies is $3.00 per share ($2.00 for market cap of $50MM with Market

[ospreyeye]

NASDAQ: In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements