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Certainly not paranoid, just could not see the point that was trying to be made. Would it effect oil in the United States?
Probably not. Was Coffeyville old news? yes. Did the post have anything to do with Hemi? No. Was it off topic? Probably.
Yes oilslick, you and all of the Blue Bunny clan were smart enough to recognize a company in the right industry at the right time, and with the right CEO, and have staked some of your hard earned money into it, as I and many others have. We deserve to be rewarded for our foresight and efforts. There are elements working adversely to this who already have more wealth than any of us, who, due to their greedy natures, would rather benefit further at the expense of hard working people, than let us benefit from our efforts. It is obvious where my heart is. Thanks to all the great DD and the smart investors on this board who keep us focused in the right direction.
I believe you are correct chuck. It will be brutal when it is realized that hemi is ALREADY undervalued and no amount of bashers or MM manipulation will bring it lower. When MMs find their wallets lightened due to short covering it will be particularly brutal for them.
Did I mistakenly log on to the Ihub history board? Why are we revisiting events of the past? Hemi Energy Group has already weathered these events in remarkable fashion. What is the underlying purpose of posting these? Certaninly there is no relevancy as to where Hemi is today or where we are going. Is there a hidden agenda?
Sorry you lost money. DD says this is a long term play, not a stock for flippers, although some have made money that way. Hope the loss you decided to take by selling made you more money on your next investment. We are at a great entry point here. This seems to be the consensus on many boards, not just this one. GLTY
Sure seen that before from other posters on other boards. What does this have to do with the vast Kansas rocky wastelands? TIA
Sorry, did not realize Kansas was just a rocky wasteland. All this time I thought it was prairie-like with a lot of oil yet to be pumped out of the ground.
What dilution?
Hillzman I believe you are right in the time frame. Between getting all of the existing wells back on line and winter coming, we may not see new drilling in Ks until spring, or could we. Not in the industry so dont know if drilling frozen ground is possible or viable. It would not surprise me if Keith does not let himself be beholden to a driller in the future. That only gave people more negative things to say about not meeting expectations when the driller was unavailable through no fault of Keith's.
FWIW I have to agree. Keith had to make a strategic decision due to liquidity issues.
Even a debt free company has ongoing expenses.
With little to no revenue for a three to four month period (insurance settlement being a glacially slow process) there was no opportunity to be reaching forward at that point.
I think Keith had the foresight, just not the funds or the willingness to go into debt at such a financially difficult time.
Remember, several companies actually folded and Keith was looking for an opportunity, on a smaller scale, to help hemi benefit.
This experience with the driller will not be lost on Keith and he has been ravaged by other posters about not meeting expectations.
Once insurance claims are settled, a sudden influx of cash should help hemi immensely as well as the improving situation in the wells coming back on line. Having weathered a hundred year flood is further proof, to me at least, that we have a real gem here.
"Out of the thousands of boards on iHub, this little Hemi board is currently #16 on the list of "Most Read Today" with 6766 reads. It is #36 on most posted(even after Mod Squad removals) with 92 posts.
92 posts generated 6766 readings."
Big Mur, you forgot one more stat. Several dead horses beaten into glue. LOL
And not completely green either Jagman, but good effort. Hope that kept you busy for awhile. LOL
Welcome back Jag. Unless Keith is lying in his prs, there is no dilution happening here. But you already know this. This is one area of the chart that cannot be manipulated.
Seems I must have some magical ability, I typed your name and you appeared. LOL
Let me try again, twenty years younger, 10000 shares of Berkshire Hathaway LOL
well Safe Harbor is an issue you should take up with the SEC.
There is no good reason for a long to be creating doubt about a stock they are heavily invested in. Posters bash for different reasons. You have your own agenda.
But do whatever you want.
If Hemi takes ten months or even ten years to come to fruition, the fundamentals are still better than any pink sheet owner has a right to expect, especially at this share price.
"As the weather conditions will allow, we continue drilling and redevelopment programs. Our goal is to be
drilling 2 to 4 wells a week for the remainder of 2007, pending weather, drilling, completion and other
service/equipment availability, to which we have very little control over."
Badge there are a few qualifying words such as "goal" ,"pending", etc.
Notice the part I highlighted.
Yet you want to hold hemi accountable for things beyond their control.
You are not a paid basher, but you are trying to manipulate weaker investors into selling their shares. You are not trying to close out your position. Have you ever heard of the Roman God Janus? Think about the poplar perception about Janus.
"C'mon, of course he has knowledge. Otherwise he wouldn't say "appears to be discounted stock prices to brokers."
He said he had no knowledge, he has no knowledge. Keith is too smart to set himself up for legal jeopardy. When he said they appear to be discounted sales, he gave his impression even if he did not need to. He does not "give away" shares as you incorrectly stated. They are restricted shares given for leases to increase the value of Hemi. If somehow a leaseholder, and this seems unlikely to me, is trading the restricted shares to a brokerage for cash, it still does not effect the float and they remain restricted. Leaseholders know what they have and probably would only sell in an emergency. The sheer volume of these AH trades seems to preclude that. The explanation of MMs shuffling shares between them seems the most reasonable. And certainly if they are just selling more air shares, well I hope Knight has very deep pockets because they will pay big time for NSS this company.
"We" is such a vague term. If Keith had a mouse in his pocket or was in the same room as Joyce, Jim or Craig it would have applied. He could just as easily have said "We will release numbers when they are available" instead of "we will have numbers in one or two weeks." Because Keith has been heckled on this board about not meeting expectations of previous prs, he appears to be choosing his words more carefully. He also told Pink Floyd he planned to be less forward looking in his statements and to talk about past or completed results. Rather than set myself up for further disappointment about no production numbers, I choose to read the pr literally, without reading anymore into it and will be pleasantly surprised if production numbers are released.
And of course the value of the proven reserves as well as the yet to be proven reserves have only doubled in value as Hemi keeps acquiring more leases and grows the company while remaining debt and dilution free. Works for me.
Yes, I agree, I am not arguing with you. HEMI is not the stock for you.
Lazyeye, thanks you have helped me see the light. I think it is time to sell and close this position, you, that is.
"ever decreasing share price". .10 seems to be a concrete base. You and other posters who keep mentioning sub
.10 seem to have no credibiltiy because, ultimately, it fails to happen. Lowman also said Keith would be stepping up to buy at levels higher than that(.02). Also there was no promise of production numbers in the pr. This is the hope and dreams of people who are not long term but only here to flip the stock. Keith said they will have the numbers, he did not promise their release. People who are trying to trade hemi on their own agendas, rather than according to the well documented long term plan are just swimming against the current. It would be nice to see production numbers on a regular basis, but I will not be publicly pizzin and moaning about it if it does not happen.
You may be right, but by using these instances of "pink sheet behavior" as a way of trying to manipulate the price downward to then flip and add shares to an already substantial positon at the expense of less sophisticated investors seems immoral, ruthless, selfish and downright greedy to me. These are the kind of statements that are made by bashers and shorters or people trying to manipulate the board. I am also unhappy that statements have not been followed through by Keith, but I will never try to use this to my personal advantage when, deep down, through experience, I know that Hemi Energy Group truly is a long term gem.
YOU are correct the board is for all truthful DD and is not for selfish manipulation at the expense of other shareholders. As a fellow long, dont you just hate when some posters try to manipulate the price downward by questioning Keith's forward looking statements,acting in concert with the MMs, then whine when they think the share price does not reflect the true value of this company, then further whine that they are decrepitly into the latter part of their lives and may not then enjoy the great things that hemi has to offer all longs for the future? I KNOW I do and I appreciate all of your helpful, contributions that benefit all longs on this board as well as the share price we deserve.
Yes it is not going the way Keith had planned it but the weather is beyond anyone's control. But if you are here long term it really makes very little difference. When hemi is sold, according to the plan, it will be once all or most of the reserves of gas and oil, not just in Kansas, are proved up. This would have to happen in these other leased areas as well. So it is just a matter of changing the order, but the overall end game is still the same. At least we have the options to work other areas.
Did he post the message about alleged corporate improprieties by Keith A. Anderson when he was with corporate vision as a way to assist his fellow investors? Do you think there were improprieties by Keith?
Mrs4th degree hates the ihub board so much but she uses it for research.
By: mrs4degree
03 Jul 2007, 04:48 PM EDT
Msg. 145 of 146
(This msg. is a reply to 144 by Unbridled.)
Jump to msg. #
From Keith today.
Operationally we have taken a pretty severe hit, how bad I do not know yet, all our people are ok, although they have suffered some pretty extensive personal losses also. We have numerous wells underwater, surface equipment condition is unknown. All is insured so this is not a consideration... as much as the time we will be spending to replace and repair.
I am very proud of our field crews, as well as our shareholders should also be as proud of them as we at Hemi are. Yesterday morning I got a report from Jerry that all hell had broken loose in Piqua and IOLA, many of the local people in Eastern Woodson and Western Allen County were cut off from help, because the Neosho river and other creeks had cut off highway 54 and all roads leading to Piqua, no way the National Guard or law enforcement to access the people in the area. I called the Allen County Sherriffs department and we volunteered use of our "Big Ugly" M813 Military Truck. Jerry met an Allen County Deputy... they loaded a boat into the Big Ugly and proceeded to rescue 6 of the local people which no one else could get to, then proceeded to find a way into Chanute where these people were safetly delivered.
Today Jerry made his way into IOLA and is going to continue helping the local authorities and people. I thought our shareholders should know this is the type of employees we have in KS, for them to be suffering personal losses and yet willing to do what they can to help out in a time of emergency.
As far as Hemi goes we are going to be ok, production has not stopped and we are still online in a very limited manner, but I guess those of you that have been watching the news, our new purchaser Coffeyville refinery is having quite a rough time of things also, so near term we maybe producing and tanking oil. It is too soon to even speculate on if and when we will be able to start selling oil to them again, we may have to go back to plains short term.
We have had months of wet ground in KS leading up to this flood, I suppose this flood outcome was inevitable... I, Craig and others will start discussing getting things back in order in KS as soon as possible and start grudingly looking at other drilling options such as on leases in Texas, North Dakota, New Mexico or Wyoming.
Thank you
Keith A. Anderson
Post from June. Keith said no dilution so Wilshire, who would want to own a piece of hemi, otherwise, why lend money, may be buying on the open market.
Posted by: 1581
In reply to: Badge714 who wrote msg# 13778 Date:6/15/2007 11:35:06 AM
Post #of 15296
I would believe that the change in strategy is based on the low share price. The pps is artificially low so a change in direction was called for. With Wilshire entering the picture, they may be buying the large T blocks as part of an agreement with hemi. The lack of production numbers would tend to keep the price low which allows them to purchase cheaper. This way they get a good stake in hemi and there is no dilution. It is a good way to trap the MMs too. Or, the leases appeared to be more valuable than anticipated so the decision was made to try to tie them up first. Putting out big numbers would create a bidding war. We know there is good production because the huge amount of land being leased is being done mostly with cash. Of course this is all speculation on my part but it does account for many occurences that are happening.
You are right PF but could be even sooner than 18 months. Depends on what Wilshire brings to the table, any possible uplisting, and the new amount of proven reserves. Patience is the key here. GLTY
Lowman the companies you mentioned help to put Hemi and its value in perspective. The price at the moment does not really matter except as further buying opportunities. The reserves are not going to disappear or evaporate. In fact, they are only going to grow as they are proved up. And the points zguy made about asset value is what I am looking at as well.Monthly production numbers are helpful, but the value of hemi and ultimately what it will be sold for is its proven and probable reserves. Nothing has changed as far as the value of hemi, the oil and gas industry value, which Keith said we will be sold at eventually.
When the price is over a buck or two you will not even remember the difference.
With the disasterous weather in Ks
This would have been a train wreck:
IF Hemi had debt to service.
IF Hemi did not have a backup oil buyer.
IF Hemi did not have cash available through Wilshire.
IF There were not other leases to negotiate.
IF There were not other leases to drill on in nearby states.
IF Equipment was not insured.
IF There was not over $100 million proven reserves.
IF There were not 17 square miles with a "blanket formation"
IF Kansas was never going to dry out.
IF We had a CEO and longs who panic.
IF Hemi had no options.
New order placed for 6500 at .19
Got me some teens! Got me some teens! 6900 at .19 Go Hemi!!!
No not yet, wait until the rest of my money is ready.LOL
I have a gtc sell partially filled. As soon as it finishes I will be hitting it hard. We may see these levels for a short while. Long term no worries.
Winning depends on if you buy or sell and if you are short term or long term.
Where did you come up with the idea of looking into Corporate Vision?
That is a great point. Even though luce is a reporting company, they do not compare better than hmgp.
Proven reserves. Luce 1.58 mil, hmgp 2.15
Debt Luce 2.3 mil, hmgp 0
Shares Luce 29mil, hmgp 50mil
price Luce 2.35 hmgp .21
Given hemi has about double the shares then the price should be half of luce. Reporting is only one issue, some investors just will not look at pinks. If I saw this and was currently invested in Luce I would be able to buy eleven times more shares of hemi, which is fundamentally stronger.
Both PF and Kels have made excellent points. And the idea of hemi not reporting as an issue really favors those early investors who have done their DD and taken advantage of the amount of info on this board. Those who like to buy into a reporting company can buy hemi at over a dollar or two, like luce or even higher like stxx but the big rewards will be for those who buy early. Hoping to buy more this week but dont feel the need to bash the stock. Even with all catastrophe at our Kansas sites, there was not a mass exodus for the door. I think many people left at this point have no doubt about what they are holding. I hope someone tries to flip when I have some powder, because those shares will be unavailable until over a dollar.
Not one bit does it fit my profile for you, or anyone else who posts on this board. It is just that you have so much knowledge about hemi, about Keith and yet you only seem to focus on the negatives. Keith said in a posted email that you must have been burned by a pink sheet in the past. Well, we all have, it is the nature of the beast. But as an American citizen, especially on the fourth of July, dont you think it our nature to be optimistic rather than pessimistic?
With hemi it does not even require a lot of optimism, just reading and thinking. Like I said, you know as much about the company as anyone else. The share price is too low, but that means it is possible to buy more cheaper. What is not to like?