| HENI Stock | | | USD 0.01 0.00 0.00% |
Director
Mr. Gary Herick is Vice President of Finance, Secretary, Director of Hinto Energy Inc., since August 18, 2011. He has entered into a Consulting Agreement on April 15, 2011 with South Uintah to provide services to South Uintah as a director and secretary. The Consulting Agreement has a term of 1 year unless terminated with a 30 days notice by either party. The Consulting Agreement provides for Mr. Herick to receive 10, 000 per month beginning July 1, 2011 to perform such services. In addition, Mr. Herick was issued a warrant exercisable for 1, 000, 000 shares of South Uintah common stock, which pursuant to the Amended Share Exchange Agreement were exchanged for shares and warrants of Hinto. During the year ended December 31, 2012, the Consulting Agreement term ran out, the Consulting Agreement has not been terminated and rather runs on a month to month basis. since 2011.
| Age | 59 |
| Tenure | 13 years |
| Phone | 303-647-4850 |
| Web | https://www.hintoenergy.com |
Herick enhances the Board of Directors with not only his securities background, but also provides the Board with his knowledge and experience in VC.
Hinto Energy Management Efficiency
The company has return on total asset
(ROA) of
(0.4499) % which means that it has lost $0.4499 on every $100 spent on assets. This is way below average. Hinto Energy's management efficiency ratios could be used to measure how well Hinto Energy manages its routine affairs as well as how well it operates its assets and liabilities.
Hinto Energy currently holds 2.98
M in liabilities. Hinto Energy has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Hinto Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Hinto Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hinto Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hinto to invest in growth at high rates of return. When we think about Hinto Energy's use of debt, we should always consider it together with cash and equity.
Similar Executives
| Found 1 records | DIRECTOR Age |
| Mark Stone | Gores Holdings IX | 60 |
Hinto Energy, Inc., together with its subsidiary, South Uintah Gas Properties, Inc. engages in the acquisition, exploration, and development of oil and gas properties in the rocky mountain region. On December 14, 2017, the the case was converted to liquidation under Chapter 7. Hinto Energy operates under Shell Companies classification in the United States and is traded on OTC Exchange. It employs 1 people. Hinto Energy [HENI] is a
Pink Sheet which is traded through a dealer network over-the-counter (OTC).
Management Performance
Hinto Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Hinto Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Currently Active Assets on Macroaxis
Other Information on Investing in Hinto Pink Sheet
Hinto Energy financial ratios help investors to determine whether Hinto Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hinto with respect to the benefits of owning Hinto Energy security.