Jagman, don't fall for it. They are just baiting you into using all your posts up early in the day! The MMs made them do it.

I'm in and just lurking. Don't have anything to add so I haven't posted, but I'll ask a question to generate traffic. :)

Did Mr. Alvarez give any indication whether or not the Q would come off first and then the OTC later or if it would all happen at once in a few months?

Either way, it sounds like we are looking at months for this to fully play out to an eventual RM, but shares at these prices might not be around very long.

That's fine, I've got my initial position and I know how to be patient. :)

They confirmed they have the physical certs in possession (which I hope, but don't trust). To give me the physical certs would be just like taking cash out of my IRA. Can't do it without paying penalties and the taxes.

If anyone else's broker says differently, I'd love to hear it.

Lowest volume day in weeks. Could it be the equity financing has dried up for the time being?

Getting ready for a bounce I hope.

I looked into doing this in December and scottrade said I couldn't do it without taking a taxable distribution from my IRA. So it probably isn't going to happen. You couldn't even get to 95% without me.

Thanks for pointing that out. I just finished reading back. I hadn't realized people were posting here on ihub. They weren't posting much last summer and I stopped looking.

All I can say is this is a pink sheet. You don't invest in them you just trade them. I think we are ready for a bounce.

TNRI on stockcharts.

Thank you for your recent symbol request.

Based on your suggestion, we have added [TNRI] to our charting database:
http://stockcharts.com/h-sc/ui?s=tnri

Jagman, I've only posted once today on that board, getting a little tired of the cheerleading and ignorance.

http://www.investorshub.com/boards/read_msg.asp?message_id=19439463

We're you implying something was deleted or that I just wasn't posting enough? :)

LOL

When HMGP was at this price range (high 20s - low 30s) on the way up, the average volume was 3-4 times as heavy with a lot of buying going on.

The reason the share price is at this level and dropping is because no one is buying in any where near the quantities they were back then. A pinksheet, ANY pinksheet, is like a balloon with a leak. If it isn't being bought, faster than it is being sold it is going to go down plain and simple.

As I've said before, I think a lot of that buying on the way up was the shorts covering, which isn't happening any more. Without renewed interest/buying we will continue to settle. The current buying just can't absorb the amount of selling that is happening.

I've seen that one and as funny as it is it is also very true.

We should all switch to FOREX and do strictly algo trading. No emotions involved. :)

Much better to simply leave it in the one going down, eh?

Somebody certain put out a lot of cash to keep us over $.30. If it was DD2, then I take back every bad thought I've had about his grammar.

On the other hand, the selling went on and on. Whoever has been doing it these past weeks sure has a ton of shares. They must have sold $500K worth of share over the past few months.

Lets just hope it dries up soon. The selling, the mud and the blood.

Back in this one today at $.02

Well, that was a wonderful response to today's news.

I guess no one thought twice as much mud was going to be useful. ;)

Unfortunately, we've had hints about the additional leases for months. I guess the gas news is new, but not enough to wow the market.

That would be nice. 6 months from now looking back at the IVAY board could me like me looking back 6 months on the HMGP board when there were only 3 other people posting. I'm up 20x in HMGP now. :)

I've been too lazy to do anything since I couldn't trade online. I think there will be a number of other who have done the same. There may even be a lot who finally SELL once it goes back to the pinks.

I plan on being ready to pick up a few more shares that day just in case. Up or down it is win-win situation. The down won't last very long if it even happens.

Good things come to those who wait?

I made money on MUME. I got in months ago at .0004 on a fake pop and sat at .0001/.0002 for months. Wasn't worth selling.

I sold all of it at .0005 a couple weeks back and made 25%.

If I can make money on MUME anything could happen. No idea what's going to happen here, it was a lotto ticket and still is.

*big grin* I suppose a simple search last night would have shown me you were still alive elsewhere on iHub. :) Glad to hear it.

You're right, those bollies just seem to be waiting around for something, just like the rest of us. :) And I agree waiting around at .40 is much better than waiting around at .04!

Kinda like the good old days. Where's dumbas?

I hear what you are saying bedwards, but I think there must have been some shorting going on somehow. The cert issue may make things interesting for the MM trying it, but it might just give them even longer for the naked short to exist until it really is a 'Fail to Deliver'. Who knows.

But I do know the day they were letting millions go for $.02 that they had to have been shorting. I was there watching and buying as was lowman and others I believe. (Let me stop and thank that MM by the way, especially for the single transaction of 500K shares I stole from them that day.)

It was really bad timing on the part of the MM of course, since lowman and crew blew the lid off it days later.

What does that have to do with the future of Hemi? Nothing. We've obviously found solid support in the 30s, and there is plenty of good stuff coming down the road. I think everyone who is long will end up very happy.

You just aren't going to convince me that we started from an obvious short position in November and had a 3500+% increase in price, without plenty of opportunity to cover those shorts.

When there are groups out there with 5M+ shares, it would seem reasonable to sell off a substantial portion of that at this point. What we've seen can easily be explained by someone selling off a million/million and a half or so shares.

That doesn't include the shares that have been coming off restriction. I don't know the distribution of those early restricted shares. They could be a little here and there to small landowners, but from that long ago they could also be from a single entity who was previously involved with the company, who knows.

Our meteoric rise into the 70s was more than enough opportunity for the MM who was shorting in November to have covered. We are solid for months, without hardly any retracing and then suddenly one day 'poof', all serious buy support is gone and we slowly lose 60% of our value. This is much more easily explained by a sudden lack of covering than a sudden resumption of shorting.

The MMs are not a unified force for evil, more like independent supervillians who are in competition which each other as much as they are after the good guys. Just because some MM got caught up short and wanted shares doesn't mean that the others who may have had the majority of the short position aren't done covering.

Could I be wrong, sure, but everytime I bring something up about this and get jagged publicly (new verb inspired by our favorite double wide dweller) I get even more PMs from people who agree but who don't want to get lambasted.

For the record, I disagree and have for a long time.

We've seen large block selling everyday for 6 weeks. Some days the buy orders are already there to support the PPS and some days like today they aren't until after folks see the drop.

Sure the MMs take advantage of it, but I sincerely doubt they are selling the shares to cause it.

What a morning. You know everyone is tense when we are willing to stop cheerleading for 10 minutes and commiserate with Odivius. Hopefully it was cathartic for everyone.

Kels is right we need solid Hemi style PR about what new is going on. If there isn't anything new going on, then we really may be in trouble.

DD2:very large $ entities doing DD that are predomimately Only waiting for more oil to be produced this spring before buying more based on objective long term oil & Gas production & revised-up reserves in Ks.

See, the problem is, that simply isn't going to happen at 1 well every 2 months, and that is the current rate we are at. We've gotten one more well permitted, not 1 per week. You can't revise up the reserves without a whole bunch of wells being drilled across the leases to prove them up. (So, that's me calling bullcrap on big $ waiting this spring, late summer maybe.)

So if the true longs think the last month has been something of a test, it is only beginning, because it is going to be another month before we see results on the second well and possibly another month after that for the 3rd.

That is, unless KAA has something else going on. If he does he hasn't mentioned it to us shareholders. This is what he means about not caring about the share price. Since he is running on revenues he can let us sink into the $.20s for all it matters.

I don't think that will happen, but I would sure love to see that big stick sooner rather than later.

I think that xtrapink is on target here, as much as I'd love for less conservative numbers.

Guesses? I have guesses, but I know absolutely nothing.

However, I can think of a few fun things involving other Hemi holdings that would make the MMs run for cover! Or is that run 'to' cover?

Still, no use speculating since we may know soon enough.

Yes, but wasn't the comment that the good news had nothing at all to do with KS? Not that we couldn't hear about more than one thing.

Yeah, I've got a whole passle of kids that are going to see quite a bit more of Dad when HMGP goes to multi-dollars.

Although, really I enjoy my job for the most part too. So for me its already a win-win situation. I've done great already and if I do a lot better, well that's great too.

That is why I changed my mind about grad school. :P

I bought MUME on a momentum run in February and got caught holding the bag at $.0004 while is sunk to $.0001/2.

I held it until yesterday just because I was so far down it didn't really matter. Yesterday I walked away with a 25% gain.

If I can make money on my MUME bag then anything is possible. IVAY will come back and I'll be just as happy. Of course, I wouldn't mind if they hurried it up a bit. ;)

Someone said they saw Keith and he was carrying a big stick. :)

Nice. I picked up half that block at $.37 just after noon.

Oh, I guess not. Just at the bid.

I realized I left my Time&Sales up from yesterday. Nothing of substance traded below $.37.

I don't doubt the MMs are screwing with us during low volume. I just question whether they've been throwing around the 10K chunks at the bid 5-10 times a day.

Did I really miss out on $.32 at the ask this morning?

Dang, I even had a little powder from getting out of MUME that I'd been bagholding for over a month.

http://www.investorshub.com/boards/read_msg.asp?Message_id=18610268&txt2find=restricted

Perhaps Metals conclusions were wrong or timing.

MUME - Green again.

Something happening here again, don't care what, but I can get out of this green finally.

Hey Nike, good to see you here.

I watch or review my HMGP Time&Sales everyday. Part of the problem is that someone is selling. Someone with a very large position has been systematically unloading their position for weeks now.

They'll slowly bidwack for a while and then the MMs will move out of their way and drop the bid. Next they are on the ask at the same price. Then if someone or the MMs gets lower than them on the ask and people are buying, they move down lower to make sure they get the transactions. (This is why you see the ask drop on buying). Is suppose it could be an MM doing this with shorts, but simpler explanation is that someone with shares is doing it. They are doing it in a way and spread out over a long enough timeframe, that it is obvious their goal is to get as much for their shares in the short term as possible, not just to drive the price down.

Right now there just isn't enough interest to overcome the selling and the next completed well could be a month away. Unfortunately, if the selling keeps up...

Not crazy Metal, and only slightly optimistic.

The well itself will quite likely settle out at a lower rate. Just like opening a two-liter of warm coke the first time, lots of fizz at first and then it settles in. It is pretty much a given that we'll end up somewhere lower than 68.

That being said, 68 is an incredibly great place to start. I think it is very possible with all the magic Craig did to this first well that it stays above 60 BOPD. Long term (years) staying above 50 BOPD would be quite an accomplishment. I bet there are even more things that he could try that he didn't on the first one.

As for the drilling schedule, I think they could very well work up to something like one a week. As it stands now, they haven't permitted anything beyond the first two. They also haven't started on the second, despite having had plenty of time to do so, so there is the possibility that may have changed their minds about that location. Unfortunately, when you get a permit for well, it is for a very specific location. If you change your mind you have to go get new permits.

Still it is only the first month of Spring. We have at least 6 good months after April for Hemi to work into a rhythm with their expansion. I think we would be in very good shape if they were get 15-20 wells done this year, averaging somewhere from 40-50 BOPD. That would be around 18K - 30K BO/month, not including the oil from the workovers. They have over a hundred wells to workover. If they can get a hundred+ worked over, averaging 3+ BOPD, that's another 10K BO/month.

So something like 30K-40K barrels a month is pretty reasonable by the end of the year. That's something like $20Million in revenues at least. Crazy? Crazy like a fox.