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And the same cause of the delays are still happening. Until what they are waiting on happens, then the delay will continue to occur.
but it wasn't a promise.
The PR doesn't say, "We promise to deliver well results next week"
And when the frac company gets bought out by a competitor and Hemi has to find another company to do the job, that's an unexpected delay that was out of their control.
Just some speculation here...
Wasn't the Texas lease that Hemi already had mainly gas? So does anyone else think that the new development will help Hemi lay down a pipeline or connect to one easier than they could have on their own?
Does anyone else remember how Keith was talking about not being able to release all the production numbers until the Wilshire deal was finalized?
He didn't need them knowing all the oil that Hemi was producing so they didn't want too much of the pie in their prepurchased oil deal. Hemi needed to keep their share enough to sustain operations and the future plus payback Wilshire.
So since the Wilshire deal is still up in the air until Wilshire can decide if they will go forward without the 25 Million shares...
I heard something interesting that may help people make sense of the delays with the new wells.
The company that used to do the frac jobs for Hemi was bought out by one of Hemi's competitors and can now due to that competition no longer do frac jobs for Hemi.
So Hemi is in search of a new company to do their fracing.
It would be nice if these AH trades were the MMs covering.
according to the semi annual wasn't his about 16 million shares?
on the PR today and the gas well.
The spud date on the NOI was last week. The PR said they had spudded. How far in the process is that?
Anyway, good to hear that it is in the works.
Other main question I had about that well with the PR today was getting that gas to market. From the previous post by xtrapink he was saying the local pipeline is full and that system is monopolized and requires a large and unfavorable discount for Hemi. Pink floyd's post said Hemi was working out a solution to sell that gas without involving that pipeline and the discount. Anyone have any information on how they are going to get this new gas to market? and a noob question here but does the natural gas need to go to a refinery and be processed?
no change for me. Still sitting on 153,500
I thought there might be some discussion but perhaps I should present a new question.
Does HMGP really need an IR company to handle things since the float is already tied up by longs or should they just handle their own IR in house?
What are some companies comparable to Stock Information Systems? No, this question isn't off topic. I'm interested to see if the PR this week is done by SIS or John Kelly directly and if any delays with it due to who will be the one to deliver it.
According to the links posted previously, Wilshire was setup as a Texas business in 2005.
Isn't that chunk just the same old unexplained AH trades that printed during normal trading hours?
It seems that this has happened before.
Uplisting question...
I was just reading on another board that one of the requirements for Amex, NYSE, or Nasdaq is a board of directors. Is that correct? All companies on those exchanges have a board of directors?
Let em have 25 million shares but let them be restricted for say...25 years or so. LOL
right, you've just said what I tried to say, the AH are still a mystery. By restricted shares I was meaning possible "formerly" restricted shares. and my point was that it doesn't make sense even if that were the theory.
If the restriction was met and they entered the float, Knight would know about it and correct their quote of the float right? So 18.7M share float is accurate correct?
Would they put out a PR tomorrow with it being Friday? Or would it most likely be Monday?
I agree. It doesn't make sense and since the AH trades have been so many "supposed" shares, that it doesn't even make sense for them to be restricted shares either.
For those that want to learn more about the O&G industry and well drilling, Discovery channel has a new show called Wildcatters. I'm going to try to learn a few things so I'm not such an O&G noob on here. :)
I don't think the main problem at this point is NSS.
IMO the problem is that we don't have enough information to truly let us know how high the FMV really should be. (and the PPS act accordingly)
However we won't know until all the deals are signed and done. Then Keith will let us know. Then we hope we'll be happy. Or maybe we can then complain that we want $50 per share when it is at $10 since we hope there's more beyond Woodson. LOL
so tomorrow will hold a 60K trade in the 17 cent range?
0.1744 60000 OTO 16:09:37
this mystery is like watching a TV show where one question gets answered and 5 more come to mind. I'm lost. LOL
That theory might hold up except for the amount of the AH trades. Nobody has fessed up to keeping a running tally but projecting back just from the last few weeks average and the AH trades would be more than the float. and since Knight just confirmed the float, that couldn't be it. Too much volume in the AH trades to actually be someone dumping. Unless it was one person dumping, then the new buyer turning around and dumping at a loss, then that new buyer turning around and dumping. Also since more than the float is already in the hands of less than half of the shareholders, what then?
LOL. I just thought it was funny since at work I hear "Perception is Reality" all the time. I hate that.
I got a PM that says it was the driller's son that was tired from being up so early. So there's the real story.
Have you called that number at the bottom to see what he says on the phone when you press the issue?
Has anyone called or emailed Mike Bezdek to see his opinion on the AH trades? Or if he can direct to a better source of information?
I think phone calls are better however I can't help much with that since their business hours are the same as mine without personal phone time.
I like this one with the guy taking a nap. LOL
http://www.hemienergy.com/tebbens_h2_1.jpg
I know the prices were cheap.
I hit my year mark this coming Friday the 24th. .065 on that chunk. The next chunk I bought was at .0275
I just had not yet heard a good explanation for that really high volume spike but if the 5% at the time was bought in the open market, that would explain it. I'm just looking for something that makes sense. Just like the AH trades, I'm still looking for something that explains every angle.
no, I was talking about the millions in a volume spike in December. Shows up in the charts that everybody posts. Right at the beginning of the upward climb in December.
Was that part of what contributed to that huge volume spike in December?
The problem with that theory is the amount that has happened.
From someone's post the other day in one week it was 600k+ shares. It has been happening for months so the number of AH trades should tally way too much of the float to be someone dumping. And since Knight says the float hasn't changed, is it really restricted shares?
Every theory has parts that seem to make sense but nothing covers every angle. So we still wonder what it is.
so if DD2 group has 5 million in certs that brings the certs past 9 million.
So are all the larger shareholders in cert already? all the 500K+?
is it to the point that all the smaller shareholders need to get their certs? or at least the 100K-500k range?
Is it because he was trying to spread the good HMGP word? LOL
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22179148
That's good to know for those that don't want to risk a tax penalty by requesting certs from their retirement accounts. There aren't all that many shares there so it shouldn't adversely affect the cert drive too much.
So just from the certs posted in picture and then DD2 having 5 million in certs, the float is pretty much confirmed gone right? I know Lowman did it before but I was looking for more of a cert count when I brought it up the other day.
Can we get 18.7 Million confirmed in certs? So we can then request more certs and make the squeeze happen? Half the float is already in cert form unofficially.
hubbabubba1, how many of your tally are in 401k?
However in GB, the criminals can still get guns. It's all illegal and if they are caught they can be punished. However if not caught...
MMs need more eyeballs on them.
However even better is if all the HMGP deals are finished up and details start coming out in PRs that will let everyone know just how undervalued the stock is. We need to know how many square miles, how much oil is in the ground and how much is being taken out. and how fast they are going to be able to work with the help of wilshire. Hopefully soon. and a soon soon better than a long term soon. :)
nobody has done a cert count yet or posted the results of the ongoing cert count...
dd2 has what 5 million in cert form?
lowman has 500k.
there was that pic of the 5 500k certs so another 2.5 million.
there was a post of another 500k with the above mentioned pic.
there was a mention of someone with 100k.
sorry about forgetting names but so far from what I remember just reading on here that's almost 9 million in cert form. Plus how many from Blue Bunny land in cert already?
So 9 million or more shares when someone called Knight that stated a float of less than 19 million shares. So most likely more than half the float is already in cert form.
Anyone else's thoughts or want to add to the cert count?
"Also, you seem 'conditioned' to believe that there MUST be bears and bulls. Why?"
Is the ocean tide only out or only in? No, there's cycles. Just as there isn't only good in the world, there's also the flip side.
"Why can't we simply have a system where if you think a stock has potential, you buy. If you don't think it has potential, you move on to one that does."
That is the system and you're already doing exactly that. You believe Hemi has potential and you're here. If you thought it didn't, you wouldn't be here. Same reason I'm here.
People buy real estate with hopes their investment goes up. No one shorts homes or land. Why should they be allowed to short stocks, which can be equally as long term of an investment?
People also know that real estate doesn't go up 100% of the time. They know there are cycles. and shorting in a sorts does occur. When the bubble is about to burst, the smart money sells and gets out. They know the value will go down, then when the bottom is reached, they get back in. It's the sheep/lemmings that take the losses since they lack education and timing. That's where the complaints and whining come from but that's the risk of the market. You can lose money when a stock goes up and you can lose money when a stock goes down.
It is simply a system that has only been in place for 70+ years and people have became accustomed to it. Doesn't means it's good or right.
I agree. However you're original argument was with NSS then you moved it to all shorting which is where I provided a rebuttal due to the one sided point of view you offered. So perhaps to lay the issue to rest, we'll agree that MMs need more supervision to not abuse the system they are working and leave shorts and puts in place for the bigger transparent stocks/exchanges. Is that a better common ground?
ok, so either they have an employee in India making $9 per day doing the MM for Hemi or else they are supplementing their income to pull a profit by other means.
or is it all an automated process?
that .016% is an average, some stocks make them more than others so it is uncertain that percentage applies to the trading of Hemi. What else do they do to supplement their income since they are big with the pinks that apparently only make them $9 per day?
How can one just do away with shorting?
Just as the tides are in and out, prices go up and down. So someone has just as much right to speculate the price is going up as someone has the right to speculate the price is going down. If someone can make money when the price goes up, why not let someone make money when the price goes down?
so there should be calls but no one should be allowed to do puts?
along the same lines the price should always be up and something shouldn't ever be a deal and undervalued? so people like Warren Buffett that buy when something is down and a good value are bad guys?
Of course you are frustrated with the situation but aren't you getting into the crazy talk now?
you can't have the bull without the bear. just as companies go out of business and others start, everything has a cycle. If you want to make money, just know the rules of the game you're in and how to profit from the situation.
Just from their PRs/financial statements there is a big difference that HMGP is cash flow positive.
That website doesn't look all that professional for one.
2nd, how much? how many hmgp shares would that buy?
3rd, the uplisting and supposed upcoming PR campaign that has been soon for awhile should solve the problem.
...when is that PR campaign starting? how soon is soon? :|
anybody have a cert count yet? how close are we to 100% of the float?