Replies to post #22056 on Houston Natural Resources Corp (HNRC)

[wcrash655]

May wanna dig into some reading DD around the board. The shares are no secret. $1M debt for the company to be now debt free. Shares went to a third party and obviously hitting the market. Should be soon. IMO

[TheHungryHippo]

Frank has let his intentions be known for quite some time now. He has not lied to us, and has remained consistent in executing his plan. The company debt was given to a "third party" (BMAK) .. This was part of the agreement for the merger of Ludvik Holdings Inc, and Worldwide internet inc. -- For the debt to be paid off. Frank negotiated a deal to get it done. How much toxicity will it give us ?

Well so far the share count is up to 161 million,

But keep in mind, the dilution started since the float was 55 million (august) BUT AT THE SAME TIME--
Frank has added more than 28 million dollars in assets.
(23+ mil for the 2013 annual) (but another 5 mil for the oil and gas lease that should reflect on Q1) AND in the radio interview, he stated that there was 500,000 revenue. So I know some dont want to believe that. But actually I think it's very possible. The types of notes receivables (like the 5 million dollar lease, and 3m leasing portfolio and the remaining assets from the sale of Patriot (apx.7mil in notes receivable) --that Ludvik Acquires, are interest bearing notes. Thats where alot of the revenue will come from imo. I hope the filings give some juicy details.