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Clint has his own agenda here with the PPS, people may not admit it on this board but he's up to something IMO. He used to work at supporting the PPS thru info releases and PRs - now he's just quiet. While he remains quiet, the PPS will just continue to bleed downwards slowly ...
When tax-loss selling starts in earnest, the bleeding could accelerate in a big way ...
It's disappointing,
Opp
If they'd communicate some news, we wouldn't need this discussion about "calling them" or "emailing them" - instead, we'd have some data and facts to talk about ...
Opp
We all would like to hear what's going on. Perhaps if we all call their office, they'll get the hint
So is ETIM and their gagged PR machine
I think so too. I'm still a big fan of Tyco and their sub-companies after Breen took over. He made a lot of cash for me on $14 TYC shares several years back
Tyco has a good eye (and good biz sense) for picking up products from small companies like GRYW. And GRYW has the right products ...
Looking forward to the ride here
Opp
Well, why not, if I liked them at 0.25 and 0.23, I should love them at 0.20 Missed 0.17, didn't check in early enough today ... But 0.20 ain't bad at all ...
50k shares is enough for me now
GLTY
Opp
OK, I took them at 0.20, what the heck
Thanks
Opp
L2 anyone? Just logged in, I'm all over these cheap shares
TIA, Opp
Face it folks! Clint knows what's going on with the pps and the reasons why it's dropping. And so far, he's just letting it happen ...
Opp
Everyone knows that companies 'play the PR game' the same way MMs play the trading (and shorting) game. It's chess - the clever CEO's know that (by default) they are on the chessboard and 'in' the game when they take their company public. It's naive to think otherwise ...
... am I calling Clint "naive"? If he lets his share price bleed downwards without playing chess at some stage and defending it, then my answer will be "yes" ...
JMHO
Opp
Anyone know if Clint looks at an ETIM stock chart from time to time?
Gone are the days in the run-up to 0.006, when Clint used to issue strategic PRs (with factual data) to bolster ETIM's share price ...
Opp
Thanks. I'm not gonna hit the ask , but my bid is now in ...
Anyone have L2? I didn't get my fill yesterday, the MMs played their games and bypassed me ...
TIA
Opp
Thanks. I'm the person on 0.24 - was on 0.25, but the MMs flashed a 1000 share trade between themselves at 0.25 (and didn't give me any fill), and then I sat and waited for 30+ minutes while they did nothing further. So I went to 0.24 (turkeys) ...
GLTY and thanks again for the L2s
Opp
Can anyone give me a bid-ask rundown? TIA
Opp
I bought more ETIM yesterday, but that doesn't mean I'm not going to grumble about the PPS from time to time
Hey, I'm a shareholder
(Up to 3 million shares now with some dry powder still if we drop to near 0.0030 again ...)
GLTY
Opp
I bought 25k shares yesterday based on my limited DD so far, and the assistance I've received from the board. Haven't had time to do full DD yet, nor call Keith, nor post some links as I promised - I still aim to do all that once work calms down a little
GLTA and thanks for the help so far
Opp
Pinkfloyd, thanks for the very informative PM, I will definitely reply to you on email ...
Thanks and GLTY
Opp
About the API gravity - I also read somewhere that HMGPs reservoirs are "shallow" in some fields/acreage - and 39 degree API does not exist in 'shallow' reservoirs (< 500 ft), it gets biodegraded ...
I'm NOT saying HMGPs reservoirs are all shallow, nor am I saying that their oil is all medium or heavy. I'm just looking around for info (in between working, which I still do for a living) ... I too can read that in one field, and on one PR, that they have some 39API oil ... sheesh ...
But you (even as a board moderator! - shame) would seem to be happy insinuating that I'm some kind of liar, cheat and/or short seller - OK, I am all of these and worse (happy now?) Perhaps I even "kill for money", which I also read in that same post of yours ... (and I can't believe you would even writre that) ...
If I cared, I'd report you as an overly-sensitive and out-of-line board moderator. But I'll probably buy some HMGP shares today (long BTW) after I call Keith myself with some questions ...
Go ahead, delete this post while you're at it
GLTY
Opp
Guess not. 'Defensiveness' is endemic on IHub boards these days. Maybe I'll try a new approach
One simple question - what is the API gravity of the oil that Hemi produces in Kansas? If it's produced from shallow resevoirs, it's likely to be medium or heavy ... I'll guess it's 18-20 degrees? Is that correct?
Opp
How can I be 'negative' when I don't have any facts to be negative about? I'm actually not negative - just looking for data, that's all ...
See ya later
Opp
The object of any public company is to attract new investors, not discourage them ... Guess that's one reason why daily trading volume is anemic ...
I can't send PMs - had a subscription to IHub before, but IMO, it's not worth it anymore. I appreciate that you wish to discuss something honestly and openly - sadly, IMO, you can't do that on most IHub boards ...
I promise to post what I can when I get a chance, I'll be looking at other small O&G companies anyhow while I do DD on Hemi ...
GLTY
Opp
duelittle2, thanks for the PM, much appreciated! (EOM)
Sorry you don't like me anymore - most IHub board moderators don't seem to
I'll keep digging away here in the background, and will go back to lurking. I will say thanks to Big Mur for his DD info, before I go ...
Strange how all of you 'know so much' about Hemi when so much of the important tech info (at least for an oil company) remains mysterious. Guess that's why the share price is at 10 cents, like you say ...
I'll still be around to answer tech questions - if anyone here cares to humble themselves enough to ask
GLTY
Opp
(PS I do like lotteries, that why I hold ETIM shares. The Hemi lottery is still my next potential ticket ...)
Big Mur, thanks for the links. (EOM)
Constructive reply, thank you.
That type of reply is 'old' - standard IHub message board fare. Who in their right mind shorts a 10 cent stock, other than MM's? And where are you going with your ETIM accusation? I have no agenda over there, other than disliking standard message board pumpers who can't discuss anything objectively - and that board is full of them (I'm long 2.5 million shares of ETIM, by the way, I already posted that) ...
If you wanna talk tech (charts or oil biz), I'm open. Ya, I probably will have to call the CEO to get the info I want - at least that part of your reply I can accept
GLTY
Opp
Do you want me to start posting links to small, successful oil companies (and some are worth "pennies" per share), where much of the subsurface info that I am looking for is posted publicly on their website?
Opp
OK, BUT ... where are the maps, cross-sections, description of the reservoirs (age and just a quick blurb on porosity and perm), average depth to each well, rough estimates of net pay, details of the oil's API gravity, plans outlining number of wells to be drilled and their spacing, estimated daily production data for oil AND water, estimated volumes of water need to be reinjected daily, reserves estimates for fields, average production figures per well or even per field, description of the surface facilities (how many pumpjacks and how many shut-in wells that need new ones), business plan going forward i.e. focus on infill driling, or focus on reviving old producers thru recompletion or sand control, or focus on field delineation, or focus on drilling deeper for new pay and/or gas, or focus on repairing/replacing the surface facilities, or all of the above, or? ...
Do you get my point? I'm not trying to be a jerk - this is just the kind of info that I would (will) put out there when I run my own small company
I'll do more DD - I promise. But if it's too hard to get this info, then I'll simply go to the next small company and look there instead
I shouldn't have to call the CEO to get this info - it's supposed to be a "public" company. If I do, well, feel free to send my list to Keith, perhaps he'll post some of it in the future
GLTA
Opp
kelseyf, also very well said IMO, thanks! (EOM)
What a SUPERB post Big Mur, that sums it up IMHO, thank you (EOM)
Moneymogul - this is the 'key issue' I am having with Hemi at the moment ...
... and that is, I understand the subsurface and I know what information it takes to know/show:
a) what reserves are most probable in the ground (I know there is always some uncertainty)
b) what type of reserves these are and what they are worth (for example, heavy oil is hard to make money at if you are a small company, as is shale gas, as are wells with 95% water cut, as are well with high overpressure and bigger drilling costs, etc)
c) how tricky (or not) it is to get the hydrocarbons to surface and market (and thus make a profit).
So I need to see some data, some maps, some cross-sections, some details about the reservoirs and pay zones, and I need to see/hear Keith's business plan.
This is all very simple - if Hemi doesn't provide some of this key info publicly, then as a new investor, I can't invest.
So I'm still looking. I'm not saying he (and Hemi) doesn't have any of these things - I just need to find them and evaluate them.
That's it in a nutshell ... I'm not "complaining" - honestly
GLTY
Opp
Thank you lowman (EOM)
Thank you Big Mur. (EOM)
I only rarely post on the ETIM board, it's full of cheerleaders who are all longs. But I do still own 2.5 million shares of that company (long), so I appear there from time to time. But I will not cheerlead there, so I am not part of the 'preferred crowd' on the board ...
I work in the oil patch and am looking to invest some of my HAL profits in some smaller companies with home run potential ...
So far, I must say that Hemi's website (and everything I've read so far) is seriously lacking in technical (geological)content. That's a comment for what it's worth - I have no agenda and am willing to answer your (or anyone's) technical questions honestly.
Right now, I'm off to bed. That may tell you where I live
GLTY
Opp
Help! On the website, I can't find a single map showing the location of Hemi's acreage, nor can I find a single subsurface cross-section or even a schematic drawing showing the reservoir, structure, play type, etc. Nowhere can I even find what API gravity of oil they are producing. Am I missing something?
It doesn't inspire confidence if the company hasn't provided this info.
It also seems that Keith (or whoever writes Hemi's PRs) needs a little help with their English (!) Lot's of words (and questionable grammar) but not much substance ...
Oh well, JMHO
Opp
Yes hillzman, agree 100%. The oil biz is just like any other - if you are producing and selling your product at revenues that exceed your total expenses, then all is well! And if so, you should say so. Otherwise, silence is not golden ...
JMHO
Opp
Interesting, but that's the way I believe a privately held company should be run, not a public company with shareholders. If you put your company (via shares) out in the public's hands, then you owe them some basic information as to the health of their investment - such as production figures in this case, as well as other PRs stating facts pertaining to the health of the business. Otherwise, stay 'privately held' IMO ...
GLTY
Opp
Yikes! If they don't routinely post their production numbers, then they really are shooting themselves in the foot.
Just MHO
Opp