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Really? I guess they were answered in the same manner as in which Anderson has used his "big stick."
Quite revealing, Big Mur, is that you chose to focus on the North Dakota non-deal and did not so much as mention Anderson's failure to follow through on his many promises to do something about the collapsing share price of which he is "so unhappy."
Again, my original post (#41228) was intended to bring attention to this failure of Anderson.
So, Big Mur, has or has not Anderson repeatedly promised to address the falling share price problem? And, has he done so?
By the way, if Anderson finally does honor his word with respect to these promises, I'll gladly cease posting on this board.
I do not believe it is unreasonable for shareholders to expect Mr. Anderson to honor the delivery of a promise he has made ad nauseum.
Easy to do:
"Ok in all fairness, if you have been compromised or let me state a bit clear, if a small HMGP cadre has compromised your credibility, then please do tell what is your motive, stated position in HMGP and sudden attack on KA."
My credibility has not been compromised although you and one or two other keepers of the Hemi gate have tried very hard to do so.
As I have stated from the beginning, despite numerous promises by Anderson to address the problem of the falling share price, he has apparently done nothing. My 50,000 shares of HMGP bought at $.45 for $22,500 are now worth $650. As a result, I am one of many HMGP bagholders thanks to Anderson.
When the share price began to test .02, I decided it was time to contact Anderson about why he has failed to follow through on his promises. Since he has not answered either my phone calls or email, I have decided to use this board to express my views. Should you decide to delete my posts because they run counter to your idyllic Hemi world view, I'll move to the "other" board as many have been forced to do.
The bottom line is this: it is on the shareholders that Anderson seemingly has used his "big stick," not on that "Kansas City broker" and the other forces of evil to whom he has oft referred.
My bad, as I either incorrectly read the original post numbers or they mysteriously changed. In any event, the three post numbers are as follows - 26290, 26291 and 32307:
On March 24th of this year, the following question was posted on the Hemi board:
"Is the PPS exactly on plan, too?"
At that time, the share price of HMGP was .05.
Kelsey responded less than three minutes later as follows:
"Check back in about a month; it's the best answer I can give but if it is today's HMGP price is a deal."
A month later the share price was @.05.
On March 25th, kelsey posted the following:
"If you must but IMO rather than legal fees I would put the 60k into adding on to a HMGP position.
Man @ .05 that's 1.2M shares. And with the current activity that HMGP has started for the 2008 drilling season for the new sites, to new SEK NOI's being filed, to lease acquisitions in TX most valuable O&G areas; let alone what a 1.2M share HMGP buy order would do!!!!!!!!
A great cost average and when HMGP rebounds you will get better return results than the legal system will provide at a cost."
Do tell us, kelsey, do you still believe that to have been "a great cost average?"
Just think, this past Friday one could have garnered between 4.6M and 5M shares for that very same $60K. And at the rate the HMGP share price is falling, getting 10M for $60K in the near future is not out of the question. Such a deal!
But wait! HMGP has dropped 74% since it was at .05. Should it drop another 74%, one will be able to scoop up nearly 16M shares. A deal beyond all imaginable dreams for sure.
(Since you referred to a reply by Manti, where does he stand today with respect HMGP?)
My credibility and motives have been questioned by a small cadre of veteran Hemi board posters because I am a newcomer. As a newcomer, I can only be judged by my words. However, the same is true of the veteran posters as each and every one is as anonymous as am I. Given that, permit me to examine the words of one of my detractors.
On March 24th of this year, the following question was posted on the Hemi board (post #26287):
"Is the PPS exactly on plan, too?"
At that time, the share price of HMGP was .05.
Kelsey responded less than three minutes later (post #26290) as follows:
"Check back in about a month; it's the best answer I can give but if it is today's HMGP price is a deal."
A month later the share price was @.05.
On March 25th, kelsey posted the following (post #32307):
"If you must but IMO rather than legal fees I would put the 60k into adding on to a HMGP position.
Man @ .05 that's 1.2M shares. And with the current activity that HMGP has started for the 2008 drilling season for the new sites, to new SEK NOI's being filed, to lease acquisitions in TX most valuable O&G areas; let alone what a 1.2M share HMGP buy order would do!!!!!!!!
A great cost average and when HMGP rebounds you will get better return results than the legal system will provide at a cost."
Do tell us, kelsey, do you still believe that to have been "a great cost average?"
Just think, this past Friday one could have garnered between 4.6M and 5M shares for that very same $60K. And at the rate the HMGP share price is falling, getting 10M for $60K in the near future is not out of the question. Such a deal!
But wait! HMGP has dropped 74% since it was at .05. Should it drop another 74%, one will be able to scoop up nearly 16M shares. A deal beyond all imaginable dreams for sure.
My "deflammatory" posts can be brought to a quick end by Mr. Anderson. All he has to do is state in a PR what the O/S was on November 1st of this year and state exactly what he has done to address the issue of the collapsing share price about which he is "so unhappy."
With this, I head for the golf course. Enjoy your day, kelsey.
No.
However, I have tried to engage Mr. Anderson both by email and telephone. He has not responded. It takes two to create a dialogue.
I will take you at your word - hopefully it is better than that of Mr. Anderson - that you have visited the home office in The Stockyards and toured the SEK leases.
I have given you a yes or no answer. I now fully expect the same from you.
"Deflammatory.........not a style that is welcome on this board nor a style that will be pursued."
"Deflammatory?" From what language have you culled this word? Certainly not from the English language.
Your non-existent word aside, you once again refuse to address the question I have repeatedly posed and will continue to pose. Let me try again, has or has he not failed to follow through on his many promises to address to problem of the falling share price?
Either he has or he hasn't. Since the current price is .013 it would seem that he hasn't, hence he has broken his promises. If he has keep his promises, then it would seem that he was unhappy with the previous share prices because they were not low enough.
Since you have been kind enough to re-post the September 7th email sent to you by Mr. Anderson, let's take a look at the closing two paragraphs:
"We have found the source, so I am sure this statement will reach the eyes it needs to. To our competitor and source of this disinformation and misinformation, you have no idea what we know, what we have recorded or the evidence compiled. The locals do not want to deal with you, no ones fault but your own, you have created an enemies where you did not need to and now you find yourself shut out. If you or your people are caught on our lease we will prosecute to the fullest extent of the law. We will make sure the public knows this as does the other authorities that govern the oil fields.
To your "broker" in Kansas City... yeah we know about him too. Finra and the SEC takes stock manipulation very seriously, you never know when or what they are looking at."
Almost two months have passed since that email was sent to you. At that time, HMGP's share price was @.04. It is now .013 - a drop of @67%. Mr. Anderson sure did put the fear of God into that unnamed competitor and his broker.
"Judge a man, not by what he says, but what he does."
And yet the fact is that HMGP closed at 0.013 with virtually no buyers save for two or three denizens of this board. Additionally, no one save Mr. Anderson knows whether the O/S is 68.5M, 75M, 85M or 95M. Hemi is controlled by an individual who has consistently promised to tackle the problem of the ever eroding share price of which he is self-reportedly "so unhappy." And yet, he has apparently done nothing. But what should we expect from someone who some two years ago told the shareholders that his lawyers were working on the DTC problem? Indeed, what should we expect? Again, there is a four letter word which aptly describes such an individual.
Which brings us, kelsey, to the following: By virtue of the fact that Anderson has repeatedly promised for months upon months that he was about to take action with respect to the share price and has not done so, has he lied? Yes or no, please.
Amazingly, kelsey, your memory seems to have suddenly improved. Either that or you did some quick checking with someone at Hemi. (If the latter is the case, did you inquire about the current O/S?)
What you have just chronicled is, as I understand it, Hemi's version of what transpired. The other side of the coin is that Hemi demanded a change in the amount of the previously agreed upon transfer of funds before it would sign over the deed. Do I know which version is correct? No, but given Hemi management's track record with respect to telling the truth, pardon me if I don't accept what you posted as being gospel.
On to what I consider more important than the ND fiasco, the share price debacle. My initial post here yesterday was in response to a post by someone who painted the share price to the upside just before the close. I pointed out, quite correctly I believe, that the primary reason that the share price is where it is - .013 - is the failure of Mr. Anderson to follow through over the past year plus on any of his many promises to do something about the share price with which he has been "so unhappy."
What has he done? Obviously, nothing, or at least nothing that has had any positive impact. Why promise what you won't or can't deliver?
I have seen an email sent by Anderson to another shareholder last January in which he stated that he was aware of the falling share price and that he was going to do something about it near term. Maybe that was the truth as he didn't say whether he was going to do something to improve it or destroy it. Well, if he did something, then the proof is in the pudding so to speak, as the share price last January was generally in the .05 to .07 range. Last time I checked, .013 was well south of .05-.07.
As far as I am concerned, this alone speaks volumes about Mr. Anderson's veracity.
What is interesting is that I know for a fact that at least two of the Hemi management apologists on this board are fully aware of the fact the ND collapsed at the last moment and that they know the reason why. They have said nothing on this board about it. I hope they have enough integrity to now come forward and tell it as it is.
Let me be specific about the ND lease deal. Negotiations had been completed, the "definitive final review" had been completed, both parties met for what was to have been the signing and an initial payment by the buyer. At the last moment, one of the parties reneged and the other party walked out. Deal dead. Don't believe me? I don't care. However, I suggest you place a phone call to Hemi management to confirm this. Of course, they will tell you that it was the other party who reneged. The other party, however, tells a different story.
Just as I thought, you won't answer the question as to why, despite a multitude of promises that he would do so, Mr. Anderson has not addressed the share price problem. Instead he has let it drop to .013 and to the point wherein there is virtually no buyer interest. Again, all talk, no action.
Until recently, I was of the opinion that the ever dropping share price was the result of MM manipulation. No more. A much more plausible explanation is that since July 1st, Hemi has sold off 18M-23M shares. Not so? Then let Mr. Silent simply put out a PR stating that the share count is still 68.5M.
Now as to your credibility:
"There was never a time table indicated by Hemi regarding the completion of the definitive review process and if I recall this was all happening right around the time IKE hit the Houston area and if I stretched this a bit further, IMO of course, discussions were occurring in the Houston area and finally I would imagine that this potential group involved in this definitive review is in the O&G industry and well we all know what the impact in this area from IKE did."
To even suggest that Ike was somehow responsible for the termination of the negotiations is laughable in the extreme. As you will find out, Ike had nothing to do with it.
Like most of what you spew out, it's just verbiage.
Your failure to answer, or even attempt to answer, my question about Anderson's failure to follow through on his repeated promises to tackle the share price problem tells me all I need to know about you.
Meanwhile, the reality is that the share price is .013 and threatening to go sub-penny this upcoming week. Nice, really nice. But wait, why should long-term shareholders be concerned and upset? After all, Mr. Anderson is "not happy" and is going to do something about it, just as he was last month and the month before that and the month before that and the month before that and . . .
Yes, indeed, that "big stick" must be on his desk this very moment. And his lawyers must be putting the final touches on rectifying the DTC problem - just as they were two years ago.
There is a four letter word which well describes someone who makes repeated promises and never fulfills them.
Sorry, but no "softer" position on the ND leases and the deal which was under "definitive final review." It is dead - period. If there is to be a deal, it will be with a new party. Since you have a self-proclaimed open line with Hemi management, how can you not know this?
My original intent in posting here was to state that the cause of the collapsing share price is Mr. Anderson by virtue of his year plus failure - yes, failure - to follow through on his promises to do something about the falling share price. All talk, no action. With your self-proclaimed open line, please ask Mr. Anderson why he has not followed through on these promises.
You might want to ask him if the O/S is still @68.5M or anywhere near it. If it is instead, as I suspect, in the 85M-90M range, then the reason that share price is at .013 would be obvious.
Don't waste my time with generalities, just answer the following question, has or has not he followed through, as he has oft promised to do, in addressing the falling share price problem? Where is that (snicker) "big stick?"
Easy to do, kelsey. I suggest you contact Anderson, Treiber or Kelly for verification. That being said, the bottom line is this, negotiations collapsed just before the signing. Result? No deal.
In point of fact, I'm stunned that you are not aware of this as there are other pro-Hemi posters on this board who know exactly what I know. Hopefully, they will come forward in short order and confirm what I have stated. If not, then again, call one of the "big three" at Hemi.
You are free, of course, not to believe me, but I am correct, like it or not.
You know better, kelsey, than to state, "Stay tuned CGRenk, IMO this is still on going." Those negotiations collapsed - as I'm sure you are well aware - and Hemi has had to go back to square one.
By the way, is "Stay Tuned" Anderson's motto for Hemi Energy or do you own the rights to the phrase?
Well, zguy, my agenda certainly can't be to drive down the share price (which, most certainly, is what you intimated) so that I can scoop up "cheap" shares. Mr. Anderson has done a very good job of doing that all by his lonesome and doesn't need my assistance.
My reason for posting here is that Hemi management has gone silent. Have you tried to get an email or telephone response as of late? I have. Nothing. And from what I can gather, no one else has either. Please correct me if I'm wrong. Truth in advertising: I had never tried to contact Hemi management until two weeks ago today. Three telephone calls and three email have yielded nary a response. And so, it's now time to call out Anderson on this board.
Tell me you are satisfied with the share price and with Anderson's failure to address the share price collapse. If he has not raised the O/S appreciably beyond the last stated 68.5M, it is not something akin to neurosurgery to take action. I won't even inquire about ungagging the T/A. All he has to do is put out a PR stating that as of the PR date the O/S is still at 68.5M. In the face of the sagging share price, why won't he? Now, what do you suppose the most logical answer is to that question? Could it be - and I'm not saying that it is or isn't - that the O/S is slightly north or south of 90M?
Unfortunately, kelsey, that's just about all you have on which to hang your hat. It easy to counter that with multiple examples of no follow through. Here's one from the June 11th PR:
"These two virgin leases, the Weseloh and Driskell, have all
necessary supplies in place. The total acreage of these two leases is comprised of approximately two square miles in the Cherry Creek Trend,an area that is only recently being developed and producing oil. Hemi Energy's contract driller, McPherson Drilling LLC, expects to move to the second lease next week. The Driskell lease is also in the Cherry Creek Trend, which we believe is an extension of blanket formations, in Woodson County, Kansas. We plan to complete the drilling and cementing in the next two weeks of the new well on the Driskell lease."
How are those two wells doing?
From March:
Additionally, last week the company conducted a series of re-completion techniques on the Sturgeon-Hemi 1 well. The well was put back on-line on Thursday. The well has been yielding very promising early oil production results, with oil production increasing on a daily basis since the well came back on-line.
How's that Sturgeon-Hemi 1 doing?
How's that "final definitive review" of the sale of the North Dakota leases going?
Finally, what's the current share price?
Yes, indeed, it looks like Mr. Anderson has effectively killed this stock. He obviously has zero credibility. One can only cry wolf so many times.
The one who needs to get rid of the red is your Mr. Anderson. Presuming he is not the one selling shares (but who knows), he needs to do what he has been promising for months, actually over a year, and address the problem of the falling (collapsing is a better word) share price. Judging by the fact that there are currently virtually no buyers (other than you with you last second paint) even at .013, it appears that Anderson has lost all credibility with the investing community.
LOL, I can think of three candidates.
Well, boys and girls, ALRY is now a penny stock in the truest sense of the term. The immediate question is will it go sub-penny before day's end. But not to worry, Mr. Sanford is working hard.
It seems, starboy, that this stock is no more busted than CTGI.
Today is NOT the 15th; it's the 13th.
LOL, my intent was to call you out. You were the winner out of a choice of three. I'm fairly certainly that you can guess who your competitors were.
To address the hidden question implicit in your last paragraph, late last year I sold off a small holding I had in PTR when the stock went ballistic. The sell yielded a modest profit. Had I the foresite to have bought in big instead of small when I did, I'd be a multi-millionaire, be living on an island somewhere and never had heard of IHub.
I then got the bright idea (!) to take the PTR profit and plunk it into an oil or gas penny stock and try to get a quick double. Big mistake. After spending a couple of months researching, I called three penny CEO's, one of them being Sanford. Bigger mistake. I bought his line and threw my PTR profits into ALRY. Colossal mistake. At about the same time that I bought into ALRY, I discovered IHub and have been lurking ever since. Friday's close of .012 and the real possibility that we will see double zeroes this week motivated me to toss in my two cents worth.
So much for my tale of personal woe. On to your points. No disagreement with #'s 1-8.
With respect to MM's, I am fully aware of what they can do to a given stock. Whether or not they have worked their skills on ALRY is an open question as far as I am concerned.
As far as damage caused by bashers (!), it seems that Sanford has provided sufficient ammunition to those of us who are just plain pissed off at what is either his ineptitude, indifference and/or malevolence with respect to shareholder interests and thus weaken your arguments relative to the amount of damage caused by effects of those who may have an interest in lowering the share price. I do not pretend to know which of the three (ineptitude, indifference, malevolence) is the correct description.
The recent plunge in the prices of crude and natural gas has probably accelerated ALRY's stock price disintegration, but, as you know, the price of ALRY had been falling right through the previous boom in crude and natural gas prices.
All this being said, it seems to me that the number one cause (admittedly not the only) of the current pathetic state of ALRY's share price is company management. Specifically to blame is Sanford.
Finally, I do appreciate the time and effort your obviously put into responding to my previous post.
Speaking of seeing it a certain way, here is a statement from a post you made in July 2007 when the share price was in the .07's:
I agree the share value sucks right now, but I don't think it is the company.
So, cork, if the share value sucked when it was in .07's, how would you categorize that share value now that it is sitting at .012? Still want to blame it on the MM's and not the company?
Unlucky? I don't think so. It has not been bad luck that management has nearly doubled the number of outstanding shares in the last year. That's either bad or shady management. It has not been bad luck that management projected production numbers of up to 4000 BOPM, missed the mark big time and then went silent on production numbers. That's either bad or shady management. It has not been bad luck that management announced it had removed the PinkSheets.com stop sign and then a week later it was back. That's either bad or shady management. It has not been bad luck that management had crafted a juvenile public awareness campaign that made the company appear to be run by Bozo the Clown's retarded brother. That's either bad or shady management.