OTCQB:HLRTD - Post by User
Comment by
Smiles48on Sep 10, 2015 11:50am
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Post# 24092729
RE:Net revenue from Hartburg
RE:Net revenue from Hartburg
you read the financial report? Not sure they are telling the whole truth? As an example they give the boe of the 5 wells and make it sound like they own 100% of those numbers!!!! NOT TRUE, according to the report they own on average about 20% of those numbers. I thought the property they are trying to so desperately sell would pay for itself, nope, at 20% it will take at least 5 years for the new buyer to pay off the 800K they are asking for, that is if it holds that rate and no problems along the way! Now you see why the prospect backed out and why no one else wants to buy this venture. The other hidden fact is the contractor is suying HRH. another beware is an insider (Currie) owns 50% on a lot of wells, the ones they are trying to get rid of I believe as if they are trying to do him a favor!! The intetesting part is the way he managed to gain that 50% chunck. An obvious game for millionaires only.