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Well, there we go. I fully expect DD2 to be correct that we will be in the $.50s soon. These BigOil folks must have more patience than I.
I am gone most of next week. It will be interesting to see if I can keep myself from trying to get to an internet connection to see how things are going.
Oh, I have no doubt that there is tremendous value here as a company. I haven't sold a share and I have plenty.
I am just questioning how much of that value will ever be reflected in the share price. If a PR like today's can't move us, then what will.
You're right, it probably isn't the penny players who done the major buying so far. Which would indeed imply there are others doing the buying. And I if were doing the big buying, I would let it do exactly this, run up and cool off for a week or two, which is what we have been seeing. Ok.
Next week will certainly prove this out. If there is someone waiting for some confirmation in the reports next week, we will see the effects.
I think the MMs won this round. That wicked spread we had for most of the day keep away those who didn't get in yesterday and yesterdays EOD shenanigans kept us off the scans.
Lame.
Keith is deliberately keeping a controling interest to make sure he controls when, who to, and for how much he sells Hemi Energy.
Big Oil isn't going to be able to get around that by buying shares of HMGP now, no matter how undervalued. Are they in a position to understand what's going on and make a profit from buying HMGP shares? Sure, we all are, but that doesn't mean they will go that route.
I would love to be wrong. I hope I am wrong. I would love to see that reserve report bring in a ton of interest and move this upwards again. I am sure it will to some degree, regardless.
Stockcharts shows STXX as a Nasdaq BB stock not a pink.
I'm sure Big Oil is interesting in Hemi's assets and someone is sure to buy them out someday as Keith plans. I don't know that that necessarily means they are interested in buying HMGP shares. If they have a non-controling interest then they make out like everyone else when Keith sells the assets to someone else besides them. Sure they made a profit, but they didn't get the assets they want.
I think that this is a side effect of what has been a strength to us so far. When we "throw away the pinky rulebook" we also toss out 95% of potential buyers of the stock.
People who buy pinksheets do not buy them to invest in. They buy them to trade, flip, etc. They want quick movements and getting in and out. We've been happy not to have them here for the most part and things have been a nice slow stable climb. That's why you would never get any of the RGNO folks to move over here, because they are mostly just flippers and could care less about Oil&Gas.
So the penny traders won't buy in anymore and neither will the big time investors, because they won't mess with pinksheets. That doesn't leave us much of a target audience:
-The longs who are already here and mostly tapped out already.
-The little guys who are into Oil&Gas plays.
-A few large investors who have done a ton of DD like DD2's group. (I doubt there are any in this category besides DD2 & friends)
Will someone finally pay attention when the reserve report comes out? Maybe. There is a good chance it will run into the $.50s like DD2 says.
On the other hand, maybe not, since it won't be a concise estimate of all the holdings. It will just be another page in the Book of Hemi. We see everything taken together because we've all been paying attention for months, but it is starting to look more and more to me like we will have to wait for 2-3 years for a buyout to really get the returns we want.
I'm starting to be ok with that, for the most part. :)
No that's way low. The 1500 is only one county.
The MM itself is the seller in that case and the buyer in others. They constantly stockpile shares etc. Most MMs are backed by some large investment company, hedge fund, or the large brokers themselves. Nothing says they can't buy/sell the shares they are making market on.
Don't know about the O/S, I think it has gone up some, but not a lot in the past year. 15% maybe????
The float is a different story. I think it has tripled at least.
Yeah, creppie, I think we are pretty much on the same page. I think the amount that they are sharing has to be insiginificant enough to them to make it work though. Perhaps in comparison to the costs of IPO that they are avoiding by a reverse merger.
You are completely wrong. The idea behind equity financing is selling[/] shares, not 'sharing' them. That's what they do on Sesame Street. Lets see a good business plan based on sharing the company's assets out for free.
Don't get me wrong, I've seen plenty of R/Ms where people make an insane amount of money. I'm just not sure why the company does that into shells that they don't fully/mostly own.
While we are all sitting around waiting...
A couple of days ago I read a post here about share structure. It said A/S 100M O/S 90Mish and (guessimated) and float 35M?.
Can someone explain to me why anyone would purchase a shell where 35%+ of the shares were owned by the public? Why would I take my company worth lets say $10M (to make the math easy) and turn all it's assets over to a such a shell. Suddenly, I only own $6.5M of my assets.
I guess the way around that is to increase the A/S to 10B and the O/S to 9B. Then magically all the shares are worth $.001 and I've only lost about $35K.
It isn't like they care much about the share price or they wouldn't be buying a pinksheet shell.
Admittedly, I know nothing about RMs.
Maybe we can all chip in and hire him a secretary. I hate to think crap like this is slowing down the real business of Hemi in the slightest.
This is also the reason I have emailed Keith only once, sometime early in December, to verify that the 4-part email lowman had posted was legit.
Correction. It wasn't a ton, it was just over 100K, only 1/10th of todays volume.
Not really all that bad, but it really is going to shake folks who have only been in this for a day or hours.
That was no shake. Someone just dumped a ton of shares and filled every buy order down to $.16
Yes, the nice thing is that it always does recover, and usually on not too many shares although the number it takes seems to be growing. That is what is nice about having a market cap that is significantly too low by 3x.
What's nicer is that the reports coming out are going to change that 'correct' market cap significantly upwards. We are seriously undervalued for what they are pumping right now. What happens when the reserves are huge and the new wells double or triple current output.
I just worry that all the smart penny investors are already here. Heaven knows I've been battling plenty of the stupid ones across various forums. If I hear one more idiot say, "I wouldn't get in, its overbought" one more time....
I'll take that as a joke since you posted almost half an hour after my post.
We were down 20% from recent highs and only a couple 100K worth of shares get bought? That's not what I call pressure.
Still, were good. It's coming up nicely. I am not worried about my current position, I am worried about the value of my future position. :) Somebody has to buy us up to $2 and it ain't going to be me. All my money is already in Hemi.
There is no buying pressure here at all. We can't even pull it out of the mid 30s.
I just hope the PR makes it obvious what some of the value is here. This has gone beyond the ken of most penny stock investors. If we are lucky we will start to attract other O&G players or deeper pockets in the industry.
If we don't then Keith may just have to be 'disappointed' this summer. That would be be very disappointing indeed.
Not that I know anything about these permits at all, but both permits have the No option checked under the question 'Will cores be taken'.
I thought they said they were going to core one of these wells. Maybe they meant a different one?
That's a crock. I watched the Time and Sales everyday throughout December and early January. Someone was unloading millions of shares, it may not have been the company, but someone was. It was probably early investor's restricted shares coming off restriction.
However, JG was complaining so much about shorts and the share price during the end of last year, that I still think it was them.
I thought about capitalizing KEITH in bold hoping he would see it here. :)
I hope Keith makes it very clear in the PR that the reserve report is covering only part of Hemi's holdings.
Obviously we know that, but I would hate for new investors to have a limited view of HMGP worth.
I also wonder if there are any deep pockets waiting for this report before deciding to move. That would be nice.
Oh me of little faith.
Nice action today. Glad I painted that 5000 for brikk the other day at .155
Thats, good. Just seems strange like the interview was months old or something.
Still, I agree. Any PR after this many months is a good sign. This was probably the first teaser.
Another thing to remember is how very, very, very deeply Keith cares about the shareholders.
This is because he is the biggest one, of course. :)
This may be the ground floor, but it's the basement I am worry about.
Actually, I have no doubt this is on it's way up. It is just the timeline I am worried about.
Did they say they only have 60 of the needed 500 agents ready to go?
The interview said 15 with 100 in the pipe. Sounds like they are a ways away from 500 to me?
Yeah, I gotta think he didn't mean to be taken seriously.
Ok, ok fine. :) I am just going to be out of town most of next week, but it should be a problem. I have two co-workers who are in this as well, and I'll leave them my phone number. :)
Brikk, I just put my email on the email list for this board. Can you maybe use that list to let us know if something significant happens with IVAY, like a PR or anything else of interest. I think this is going to move someday, but I don't watch it constantly. I would hate to miss something.
Thanks.
We had PR last week and I didn't even notice. Could the be the first of the two?
SALT LAKE CITY, Feb 08, 2007 (BUSINESS WIRE) -- National Hyperbaric Rehab Center Inc. ("NHRC") (Pink Sheets: NHYB) introduced SanCuro Wound Care Systems to the Salt Lake City community at the American Diabetes Association's Diabetes Expo, held on Feb. 3.
In the company of over 50 exhibitors and 3,000 plus diabetic patrons, SanCuro performed in excess of 150 blood glucose tests on attendees that were at risk for diabetes. The wound care company also educated patrons on treatments ranging from very basic care to the most advanced hyperbaric oxygen therapy. Additionally, the SanCuro booth provided information on proper foot care, eye care and how to set up appropriate individual and corporate wellness programs.
"With the rising numbers of diabetic individuals suffering the debilitating effects of diabetes, it is our goal to help change the behavior of our community to avoid worst case scenarios," said Jerry Gines, president and CEO. "We are proud to be the Premier Utah Sponsor of the American Diabetes Association for this and many other 2007 events."
LOL. Nah, most of January was pretty boring until the end there. Then it got interesting again really quick.
Should be an interesting week in Hemi land.
We've broken through all previous levels of resistance. We saw at the end of day on Friday just how thin the the L2s are now and started moving north. There is significant news coming out late in the week. And, we know we are still significantly undervalued.
I think a few months from now we might be referring to things "before February" and "after February" referring to the way things changed this coming week going forward.
Go Hemi!
From what I understand things are really supposed to take off for these guys later this year.
They were basically a hardware company, but are transitioning some of that expertise to more of a services (reoccurring revenue) model. They are setting up a nationwide network of hotels and such and helping them generate advertising revenue on the TV& cable they provide to their guests. It is a fairly large, currently untapped, captive market they are moving into.
There seem to be a number of folks quietly accummulating lately, trying not to drive the price up to much.
Really, my knowledge is fairly limited, but I've talked to someone at the company and they are pretty excited with where things are going.
Hey WB. Yeah, I'm with you. They have too many thing going on without any real revenues yet. I think it may be a while before it really takes off. However, this looks like a reasonable point to get in. I've been holding off because I've got my money elsewhere right now. I can wait a few months.
It has had a lot of shares dumped into the float lately. If that ever dries up this should recover. A lot like what NVMG just did.
I am doing HMGP both ways. I have some in my IRA and some in a cash account. The IRA works great for long holds like HMGP, but the cash account is a margin account which works much better for flipping.
Anyway, if you are really ready to retire on your IRA and aren't 59.5 you can still avoid the 10% penalties. There is a way to set up a regularly yearly distribution without paying the hit. Unfortunately, once you start it you can stop so you have to make sure you are really ready to do it.
I don't even want to go there yet. My taxes the next few years are going to be a nightmare, for more reasons than one.
Still, I supposed it is a good problem to have. :)
Another chart for the iBox perhaps:
This chart is in $/MMBTU which is roughly equivilent to $/MCF. The $/MCF amount would actually be about 2.6% higher. So at current prices 1MCF = 7.65BOE.
So, 200-500 MCF/day at 80% net is approximately $40K-$100K/month or
$480K-$1.2M/year or up to $.032/share/year. That alone practically justifies the current share price. That is why $.37 is the definition of undervalued. Some one go tell some BigOil folks to buy this up to $3 quick before they miss out.