Is that where they just got done building a new building? And now they won't use it?

You're right, the reality here is incredible. However, it may take time to sink in.

Maybe we need to go into evangalism mode, because I really expected more ask smacking. Of course, really what we want is to resume the steady climb and I guess that may take a few days to see if we have or not.

Still, piss poor volume for that kind of news.

Does anyone know if they have permitted any other wells yet? I am not real familiar with that process.

The incredible thing is that those numbers could only be a handful of wells away. If they get going on a well a week program that is easily done by summer.

That is what makes the $2 by summer, that folks have mentioned, realistic as well as just the beginning at the same time.

This is what we get by being patient for a few extra weeks and letting Craig work his magic, multiple frac jobs, etc.

This is a new well, so I hope higher than normal rates for the area can be sustained long term, but still... awesome!


Go Hemi team!

Aside from the fact that the stock price is in the toilet, are you referring to something specific?

Me again. Any HMGP thoughts?

I got my MoneyFlow out of the toilet. The bollingers are even tighter. Looks better than before if anything.

I was only pretending to be magnanimous anyway.

This close to all the good news coming up? I am keeping every share I can lay hands on!!!

LOL. It is someone else's turn!

I've been painting it all week when I had the chance. I just couldn't resist anything under forty. If you insist I suppose I could sell them at a profit already and get my painting money back. :)

I blew the rest of my painting money on those .392s, so I hope someone saved something for the close today.

A nice doji or hammer close will do us nicely over the weekend.

Still watching.

I'm waiting on HMGP upcoming news on their new well with most of my powder right now.

zguy,

I have been on and off the bid a number of times this week. As best as I can tell with my broker and current prices I don't show up on the bid until my order is larger than 5000 shares at least.

I'm confused...

... why is lowman wearing your girlfriend's bra?

Hrmmm. That's what ST was showing me (at first). It was wrong for a whole day this week on one of my other positions. Strange.

I seeing .43x.44 now.

Not quite, but we certainly moved it up a decade or so and this point. ;)

They should certainly be starting that second one soon.

It is important to remember, however, that drilling and completing a new oil well is a serious endeavor. Even with the best intentions delays creep into the schedule. I general-contracted the building of my own house in 2005. It took us 11 months to do what it could have taken 5 months to do. In that case most of the issues where mine, but not all.

We already know that Hemi is working hard to decrease its dependence on outside contractors and despite their good relationships nothing ever works out perfectly. Not to mention that drilling and completing a well is a dangerous bit of business. Crappy equipment and rushing jobs kills people. Can you imagine the kind of pressures it takes for the fracing equipment to fracture the rock layers 800 feet underground? I'm confident Craig is out there getting this thing done as quickly, yet as safely as possible.

I agree. I am guessing towards the end of the week at the very earliest. The higher we get before the second stage boosters kick in the better.

I bet NASA never even thought of designing an oil powered rocket, Hemi should patent it.

Thanks. I knew that couldn't be correct.

.001x.011 Am I showing that correctly or is ST wacked out this morning?

What's with the 143 trades? There were two of them. That isn't an MM signal that I am used to seeing.

That's very interesting. I've been following this silly DTC issue since September when they thought it would be dealt with at any time.

Yeah, watching and waiting. Not in at the moment, but keeping an eye out for the next pop.

Very astute observations. I agree, we may not see the results until well into next week, no pun intended. We really have no idea what stage they are at with this well.

If we hang out here at .11/.12 for a while I'm happy with that. As long as we are working to get off the grays in the meantime.

Can anyone clarify why we are here and what we need to do to get back on the pinks? We were 'unsolicited' before and we are now as well, so what is the difference?

The other option is to file some form and get an MM on board, correct? Any word from the company if these things are happening?

Great thanks!

I tried putting a buy in, but I can't do it online. I guess that is the way it is while we are on the grays for a bit. Hmmmm, I hate calling things in, but if someone was letting shares go at $.05....

I actually didn't have my time&sales up, but I bet it was all at $.10-.12 and I'd never get any around $.05 no matter how long I tried.

Patience, patience.

Steve,

I've been reading through the stuff on the fairmark site and I want to confirm that my conclusions are correct.

I opened an individual cash account in Dec and bought and sold some shares of various stocks. I did not identify which shares I was selling at the time and still hold most of them for one of the positions I have. I did a little 'flipping' at first in the stock and need to account for it.

Basically, it looks like since I didn't specify anything I am accounting on a FIFO basis correct? However, going forward I can specify which shares on a per sale basis if I choose to sell some more.


In the future if I want to hold a stock long term, but continually flip a percentage of it, I would either have to specify every sell to be my most recent shares or it would continually screw up the tax basis for my older shares. I guess a better solution would be to have two accounts, one for holding one for flipping as these are accounted for separately?

Thanks!

Yeah, it ran up to $.12 and then they painted it low.

Very very interesting.

Any HMGP thoughts?

The bollingers are tighter than at any point since the run started. It has had a few weeks to cool off, but I don't chart well enough to know what way the indicators are saying it might break.

I can't imagine it can continue for many more days like this without breaking the bollingers one way or another.

I must concur with Kels observations on the chart. HMGP is wound up tighter than it has EVER been. The bollingers are tighter than when this exploded from $.02. Of course, this makes sense with news about the well imminent, but I don't think the chart is going to wait for the well.

I doubt we will hear about the well until late next week and we are most likely going to have serious movement in the PPS in the next 2-3 days.

I have no idea which way this is going to break, but like everyone else I expect it will be up.

You're probably right. I was around that day watching the action and the MMs were undeniably pulling off some funky chit.

I'm still holding so I still believe IVAY will pull out of this mess just fine.

The well they have been working on, the Hemi-2, is the one you are refering to. If the old one used to do 30 BOPD before, imagine what Craig can make it do with new technology in that same area. Once they hit their stride with this drilling program - wow!

I am quite anxious to see where we sit a year from now.

This is a pinksheet stock with a gagged TA. Really there is nothing more to say. People love to blame things on the MMs, but they are only slightly more 'evil' than the pinksheet companies themselves. The 2 million shares came from somewhere. Are we supposed to believe that people holding 1/2 the float were willing to sell under $.30. Or did the MMs just decide to NS 50% of the float in one day?

I know everyone wants to think that their favorite pink is different (I do), but I haven't seen one thing in my admitted short experience with IVAY that make me think they are any better than the rest. Certainly not the way they've handled the halt. They have ton of stuff to make happen to fulfill this contract and that takes money upfront usually. Where else do pinks get money besides equity financing?

If that's all they were going to say they could have said it a week ago. Meanwhile we are still in the grays. This stock is going nowhere while we are still in the grays.

They deny spamming, but I still think they were nailed for dumping shares after releasing pump&dump earnings projections.

no comment

(trying to be positive today)

Considering the circumstances, I was pretty happy with that $.07-.08 range. It was trading in that range as recently as December.

Of course, of course, they've done absolutely nothing wrong and are refuting the accusations of wrong doing so loudly that I must have missed it.

I don't care whether it is dilution or the company's 144s, I call it pump&dump when 100x the average daily volume goes through after a pie in the sky revenues projection PR.

If it wasn't the company great, but if it was it is worse than what half the folks on the list got on for.

Guilty until proven innocent.

For me this pretty much confirms the company dumped those 2 million shares after their PR. It would be nice if it was NSs, but I don't believe it. IVAY may be one of the few companies that got nailed in a relatively timely manner.

I still think the contract is legit and they may really have something going here soon. 2MM shares isn't really all that much in relation to the O/S either. But I think they were guilty of a minor, internally organized pump and dump. We'll know for sure if they ever ungag the TA.

Realistically, they can't short it down too low. The way revenues are ramping up, the company could just buy back the float. I am sure Keith is wishing he did just that around $.02.

What happens when they naked short us so much that the company has bought back 100% of the float and we are all still holding millions of shares? LOL.

I hate to disagree, but looking at the B/A right now I would call this a break to the downside.

Unfortunately, HMGP isn't behaving like it used to. Doesn't change the longterm outlook, but facts is facts.