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This is exactly what brought me here from a dog upda to hemi, when Lowman did a side by side comparison. It took very little time to realize which was a typical pinkie and which one was special. I made some money on upda but do not even keep it on my daily board because it represents 95% of the crap that is out there. Hemi is a stock that really does not look like a pink sheet as far as the Ceo, dilution, assets, lack of debt, cash flow, insider positions, and many other factors. Yes I drank the Kool Aid. May I have some more. LOL
I would say Keith "has his chit together". We dont need audited financials, that is just something you want. When we uplist, yes it will be required. The next pr will probably end this stealth mode hemi is in because it will discuss the completion of leasing in Woodson County I believe. Then we will see prs for production numbers and proving up of the reserves as well as the financing from Wilshire. The best thing for anyone to do is average down because even those that bought at .90 will profit.
Yes, Kelsey presented hemi as not a momo play as Jagman has mentioned to several posters in the past, but as a long term buy and hold. As Lowman says, STRONG buy and hold. Jagman is just frustrated because he is trying to trade the stock the way he thinks it is instead of the WAY it really is, a long term fundamental play. I am only concerned at the current pps because I want to have some funds available to buy if it dips into the teens again. It is already a gift at these levels since the current asset value is north of a dollar per share.
And you have to figure that the "Hemi archive" gives Keith and Craig the advantage to know the best places where to drill. It is as if other companies have blurred vision and we are seeing 20-20. The other companys' success or failure can only add to that advantage. All good for longs.
Lowman,I definitely agree with you on any restricted shares. Any holder has had two years, or one year to look at Hemi and decide to sell or hold. To sell at these levels is simply moronic. Even someone with no experience in the market will have had at least a year to find the opinion of someone who would know better than to sell at this price. The holders of restricted shares have been paid with cash and some are getting regular checks from the oil buyer. I would be shocked if the numbers of shares we are seeing are restricted that have now become tradeable.
Lowman, like I said, I really do not know. You may be right. We really can never know everything completely. I do have faith in Keith though. So when he says no dilution and no insider seller I believe him. I have no reason to doubt my position in hemi and I continue to be an advocate of hemi for my friends and acquaintances. Because the price and the asset value of hemi are so disparate and incongruent, either we have more O/S, or a huge seller liquidating, or a huge NS position by MMS. If you can communicate with Keith and reconfirm the O/S, that will help clear the picture for longs.
GLTY
I am not sure what part you believe "sounds reasonable". The poster gave several explanations. Duelittle2 believes we have been seeing redistribution by a large seller. This seems to fit what we have been seeing. Keith A. has said there has been no insider selling, which I believe to be true. There is enough cash flow from production as well as impending financing from Wilshire so that no dilution is needed. Again, KA said that would not happen and I believe him completely since he would only be diluting the value of his large position. I am really unable to even speculate what these trades mean. I know many people are interested in them. I believe, as investors, the more knowledge we have the better decisions we can make. And Jag, do not take this to mean that I am advocating for production numbers immediately. The decision to "go silent" was a strategic administrative policy that I happen to agree with. I just wanted to post it so others, smarter than me, have some more info to work with.
Opinion on T trades from another board.
These large late "T" trades are the signatures of PIPEs, Reg D 504s, “consultants”, or other large holders selling fresh stock into the market
Typically the MM chosen by the seller will sell a certain amount of shares per day based on volume and agreement. At the end of the day the accounting is squared up and will show as AH T-trades that appear typically between 16:05 and 16:25. They will always be large blocks but typically never larger than 9,999,999. These shares were actually bought by the MM's at the price you see AH. The shares could have been sold at any price.
There are some variations to this but that is the general way it flows. You will also see these large AH blocks on stocks that are using other forms of dilution.
These are shares that typically are fresh from the TA (added to the O/S).
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
This is the opinion of the poster. I am just presenting it because we have seen these same trades.
There are numerous irons in the fire. He could be talking about finalizing the rest of the Woodson County leases which takes us to 17 square miles. Or, he could be talking about the financial arrangement with Wilshire. Perhaps there are other possibilities such as the suspected NSS and the uplisting as well. In any case, they are all going to be good for longs.
I was asking your opinion in terms of percentages whether the price will rise or fall from here in 1 or 2 months. A few cents either way right now is not that important. In two months do you expect this to be higher or lower?
Jag I think it is good to buy at low for the day. In terms of percentage at these levels what are your thoughts on rising or falling in the next month or two? 50-50, 40-60 rise/fall?
Nigeria is our fifth largest trading partner in oil
Crude Oil Imports (Top 15 Countries)
Thousand Barrels per Day)
Country Apr-07 Mar-07 YTD 2007 Apr-06 Jan - Apr 2006
--------------------------------------------------------------------------------
CANADA 1,909 1,780 1,846 1,710 1,726
MEXICO 1,460 1,621 1,471 1,601 1,692
SAUDI ARABIA 1,458 1,216 1,358 1,582 1,413
VENEZUELA 1,182 1,036 1,070 1,171 1,190
NIGERIA 891 1,290 1,089 1,022 1,149
IRAQ 562 523 488 531 498
ALGERIA 530 501 495 256 235
ANGOLA 514 696 556 389 446
RUSSIA 269 193 137 0 19
BRAZIL 175 209 174 111 114
ECUADOR 159 191 200 312 289
CONGO (BRAZZAVILLE) 138 79 78 33 16
KUWAIT 126 288 187 225 139
UNITED KINGDOM 119 77 97 169 108
GABON 92 48 60 33 53
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.....
Maybe development but not by a jv. More likely, IMO, prove up the reserves and then they will be part of the sale when Keith sells us according to oil and gas industry standards. And who knows how much more valuable we may be then. GLTY
One reason Jagman is that the MMs have to rely on electronic trading to some degree. If they put a block on the ask and someone matches it, it is gone. They cannot just not fill orders. The stock can be stopped but trading cannot if the bid or ask matches something coming in. Do you really think they can do everything by hand on stocks that regularly trade billions of shares????? They do what you say and they risk increasing their short exposure in a huge way. I think they know what will happen if they do that based on what happens when the stock dips, plenty of buying support comes in even if it takes a day like the last two day. Then they see 60 percent jumps in the pps.
They are owned by the buyers because they exist within the trading accounts. The brokerage acts as an agent to acquire shares given fees, etc. This is in the form of a contract so, ultimately the brokerage is backing up the ownership by the account holder. There is the electronic paper trail so to speak. Now if the brokerage does not actually hold those shares, they will be responsible to go on the open market to get them. Those shares can be bought or sold for cash at any time the market is open, otherwise they sit as assets and are almost liquid. It is any brokerages or MMs that have the problems, not investors.
Thats what happens to peeps who only trade T/A and discount fundamentals. They lose out.
Money in the bank, proven reserves in the ground. Its all the same. GLTY
Does this mean my 2850 shares at .19 is not going to fill today?? LMAO Great job of holding steadfast SMART longs.
Gl to all.
Fill my order!!! Plenty of fools selling at .19 yesterday. As soon as my other position finishes selling I will up it. Just trying to get bragging rights as Kels said.
I am wishing my order for 550 at .19 will fill.
Cmf on chart still showing accumulation. That FACT along with the great prs and the higher index-like fundamentals show that the share price is ARTIFICIALLY low. For those that have done their DD it is a great buying opportunity, for which I will be taking advantage of today. One of Lowman's stocks has begun to run. I do not need to sell the top, just take the profit and put it in hemi. Thanks again Lowman.
Yes but prs in the past promised production numbers regularly. I think we will get numbers once the buying is over. Craig was drilling in Montgomery County. There is always the possibility they may want to acquire more contiguous leases there once they see some results in the field. And the same stealth process could continue. So while "within 30 days" would be good, it does not really change my view of hemi. I am here for the dollars and the buyout.
{{{{{OT}}}}} No problem Mr. Mod. I know often which posts have a limited shelf life when I post them. I was unclear if it could land me as a cell mate of Badge, so was hesitant at first about posting it. But when the issue of credibility of Keith came up, I wanted to be sure that newer readers/lurkers than me knew that it was malicious and untrue.
No debt to service and no large corporate salaries to pay means revenue from oil goes further, as well as keeping the cost of these leases down by NOT putting out numbers. So for longs it comes down to faith, trust in the CEO, trust in the financials and one's own DD. We may not see any new investors until a pr or the WBR show airs. And if that is in August with no pr we all could be buying very low.
I am not disagreeing with what you are saying. The oil being sold and/or Wilshire financing is paying for the leases. Any deal for leases could be in terms of cash payments over time for example. I think Big Mur surmised about 3500 bbls a month. Even less than that and there is cash. The cash is flowing as oil.
I posted some informative links for investorstallone previously. I think the message reflects his belief longs are not as strong as they claim. Normally I respect private messages but if the intent is decietful in any way I have no problem exposing someone. Those that have pm ed me know that I respect their messages. They are using the feature honestly and respectfully. I cannot pm. I will not allow it to be some type of "tool". I am actually ready to buy more if we go through the 200dma. GLAL
Sly, I didnt know others had already been through it so I started going over that company. Look at messages 11047 and 11052. glty
Yes. TY DMB. Have you ever been able to find a website for them. I have not. But as I said. Keith is too smart to put info into a pr that was not true. It was just part of my DD to look at them.
Yes I know. They were a firm out of Dallas I believe. I had trouble finding a website for them though. But Keith is smart enough to not put that into a pr unless it was true. Most of my faith hinges on reserves at this point. At the same time I have confidence in Keith and Craig and the "plan".
Lowman good morning. I have no problem about Badge or anyone else who wants to flip the stock. And certainly he is not bashing the stock. The fact that he wants to maintain a large position shows, without doubt, how bullish he is on hemi. I originally took my seed money out and was riding 30k free shares but as the price got too low I bought more. Still above water, just no free shares, but mucho more. LOL. I usually take seed money out on pinks just to alleviate anxiety. I feel comfortable with hemi, though, not the ordinary pinkie although MMs try to make it appear that way. I could flip too to pick up some extra shares and make some pennies but I just dont want to put that kind of time into it. I will just hold. People outside of this board are learning about hemi, slowly, so the risk to flipping now is that the sold shares may not come back at a lower price. Another concern, if the 200dma fails to hold I may get shares at your price. Certainly I will have to buy more. Would rather see the share price reflect the value though. That being said,the pattern seems to be, daily, price starts flat or slightly high, goes lower during the day then rises back. Did not come all the way back friday. Glty.
Thanks Jagman. It seems like you thought them through, but your list needs regular confirmation and auditing. LOL
Good morning.
Yes indeed. And if this country tried to maximize ethanol use, it would throw off the balance of agriculture. Corn, cereal, cooking oils and many meats would skyrocket in price. We may have surpluses of corn now but it takes a lot to make the mixture. Dont have the number at hand but is not practical. I agree, it is a fad. Natural gas, electric or hydrogen are much more practical although the infrastructure is not in place. Electric can plug in at homes but performance is not acceptable.
AP
Many Cars Take Ethanol, Few Pumps Offer
Sunday June 17, 1:47 pm ET
By Michael Hill, Associated Press Writer
Many Cars Take Ethanol, but Only a Trickle at the Pumps
ALBANY, N.Y. (AP) -- Steve Williams does what millions of American motorists can't: Fill up on cheaper, ethanol-based fuel from a local gas station.
Advocates, including farmers and President Bush, have offered E85 -- a blend of 85 percent ethanol and gasoline -- as an affordable way to help the nation grow itself toward energy independence with a cleaner-burning fuel. They would like to see more people like Williams, who filled up his 2003 Ford Explorer with E85 on a recent morning.
But there's a big hitch for this fuel of the future. There are too few pumps. While there are about 5 million "flexible fuel" vehicles on U.S. roads that can handle E85, there are only 1,145 public stations that offer the fuel nationwide, according to the National Ethanol Vehicle Coalition.
The nation's roughly 167,000 retail gas outlets have been slow to invest the tens of thousands of dollars it takes to add E85 -- especially when certification for the dispensers is in limbo and the market is so new. Many drivers don't even know their recent-model flexible fuel cars can handle E85.
"A lot of times a car is a person's largest investment, so they're cautious. 'I'm putting alcohol in there? What!? Are you kidding?'" said Christian King, whose Mobil stations in Albany and 70 miles north in Warrensburg are the only ones in New York offering E85 to the public.
E85 is cheaper than regular unleaded gasoline. King's station near the University at Albany recently retailed E85 for $2.599 a gallon versus $3.149 for regular unleaded. But since ethanol has less energy than gasoline, fuel economy drops 10 percent to 15 percent when cars run on E85.
Michelle Kautz, deputy director of the ethanol coalition, said E85 needs to be priced proportionately less than standard gasoline to provide the value to drivers. She said ethanol prices tend to be lower in the Midwest corn belt, but higher on the coasts because of transportation costs. There are no pipelines to transport ethanol, so the fuel has to be trucked or shipped by rail.
New York officials tried to give E85 a boost through a series of incentives last year under former Gov. George Pataki, who made ethanol a signature environmental issue. New York waived the roughly 40 cents a gallon in state gasoline taxes, offered to pay up to 50 percent of the installation costs for station owners up to $50,000, and approved a law giving stations the legal right to sell alternative fuels from outside distributors.
Despite all the effort, King in May became the first station owner in New York to offer E85 to the general public. Ralph Bombardiere of the New York State Association of Service Stations and Repair Shops said his members have been slow to sink money into dispensers and tanks because of "unknowns" in the market.
"They shy away from making the investment because no one knows how much product they're going to sell," he said.
Oil companies have done little to promote E85, which, after all, is a product they do not make. But consumers can still buy the alternative fuel at "branded" stations selling gasoline from big oil companies, like the Albany Mobil.
Exxon Mobil Corp. allows E85 sales at branded stations as long as long certain conditions are met, such as making sure the E85 is clearly marked as a non-Exxon Mobil product, said company spokeswoman Prem Nair. She said the company wants to make sure motorists don't accidentally fill up with a fuel their vehicle cannot handle.
"This is a product that we cannot testify to because we don't manufacture or supply them," said Nair, who was aware of about 20 branded Exxon Mobil sites either selling E85 or planning to.
Complicating matters is that Underwriters Laboratories has been undergoing a lengthy review since October to see if E85 dispensers are worthy of the UL seal. The widely respected safety and standards lab -- the little, round "UL" mark appears on everything from smoke detectors to cribs -- was concerned that ethanol could corrode fuel dispensers. Stations can still put the pumps in with local approval. But a lack of certification -- and the attending potential of liability issues -- has had a chilling effect.
"The UL decertification has hindered us significantly," Kautz said.
Some larger retailers were close to adding a significant number of E85 fueling stations before October, she said, but "once they heard of the UL decertification, they stopped."
In New York, the UL move sidetracked a plan to offer E85 at 10 rest stops in the New York State Thruway by the end of this year. One unit in New Baltimore sits unused, and construction in nine other places has been halted as the Thruway Authority awaits certification.
The monthslong certification process has been frustrating for ethanol backers. In March, 14 farm-state senators urged UL to certify the dispensers.
John Drengenberg, manager of consumer affairs at UL, said E85 certification is a priority. But he stressed that it's not like approving a new toaster since they have to create a new set of safety standards.
"This is just the way that safety standards are developed," Drengenberg said. "We don't cut corners."
The lab expects to finish its certification standards by the end of this year.
I expect we will get more information including an upgrade of the proven reserves and production numbers after all of the lease acquisitions are finished in Woodson County. There is the possibility they decide to try to acquire more in Montgomery County so this could delay things. As someone on the FAT CATs board mentioned they are operating, right now, as if they were a private company. I understand the reason about the cost of leases.
We may be at a strange point now. The lack of real info in the prs (not counting lease acquisitions) could allow the pps to suffer. On the other hand, there are a good number of investors who recognize the value of owning hemi and see that current pps is a bargain. So anyone who gets impatient and sells or tries to flip may see their shares sucked up by long term holders. We seem to have support at the 200dma. It has held twice now.
To the list of cons, related to financials.
No current SEC filings.
And in this sense we dont have any stated insider positions including buys, sells, company grants to incoming officers, performance awards, bonuses, rights to purchase, etc.
On the other hand, I trust Keith, I have no reason not to, at least on the most important matters. So if he says no insider selling I believe him. It would make no sense for them to be selling at the low prices anyway since asset value alone is at least a buck a share.
Thanks Big Mur. I knew there was some significance to it. I am not sure how well it works, though I agree with the sentiment. If they added some type of caption to it, if and when they update, it would work well.
I agree. It is only a starting point for DD. This board has so much great information, it does not take long to get a pretty clear idea what hemi is about. Whenever I tell someone about hemi I always direct them to this board as well.
I am sure on the website, the guy with the gas pump nozzle up to his head has some kind of significance. I have never been able to figure it out. There are many possibilities.
1. It shows he is thoughtful about oil sector. (which hemi is)
2. He has something in his ear and wants to flush it out.
3. He is hoping to hear the ocean like a seashell.
4. He is trying to commit suicide and picked it up instead of the gun.
5. First time pumping gas and does not know where the nozzle goes.
6. Scratching his head with it.
7. Singing the "bone song" on Father's Day with his kids while pumping gas... "The head bone's connected to the...neckbone...."
8. Very hot day and ANY liquid would be good to cool off with.
9. Buddist preparing for a personal protest. (You have to be old enough to remember the Viet Nam war for this one.)
Big Mur. I dont really see this as much of a dilution issue. Most shares will be restricted and I believe Keith will try to convince lessors to accept cash or a sweeter percentage. And who would want shares at the current pps, lol. The only dilution I fear is from outside financing. Since Wilshire is not getting shares, we think, that is a great financing for hemi. Any shares given to lessors must come out of the company's stock which would not increase AS but only OS. When I look at value I think in terms of AS so this does not really bother me. I think this was a good idea you proposed and it helps me keep a good perspective on the company. And your chronological history of events for hemi will be fantastic I am sure. One thing about writing the list of cons. It was good to lurk around the Fat cats board when they were looking at hemi. It was good to get an outside view of the company.
So what do you think about the website?
Anybody want to add any go ahead. Most of these Jagman has touched on at one time or another. I have not seen or smelled the reserves but either there is some massive conspiracy that lied about them existing using another party to do it, or they exist. The reserves,IMO, are one of the strongest points for me to invest in hemi, along with the others mentioned. They are like money. They have value. The only way they could become devalued is with massive dilution. I do not think that will happen and in fact reserves will and are growing. So given all the cons I could think of, along with any that another could add, I still feel very comfortable in hemi. I even closed out several positions to buy more in the twenties. Happy Fathers Day all you Dads.
Hemi cons. In no particular order.
1.Production numbers promised in previous prs and not being delivered.
2. No financial information, unaudited or not.
3. Website is outdated and, frankly, pretty lame.
4. On the pinks.
5. Related to 4 and 2, no institutional buying.
6. No regular "rhythmn" to prs, just to assure investors or stop a price drop.
7. Secretive about projects.
8. No dilution promised, yet "insignificant" shares used for leases.
9. Not well known, at least to the investment community.