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I am also very pleased with IVAY on empirical evidence alone. The fact that we have held all this time at close or better to 50% of the price that we were at just before the delisting is a good sign. It we be a strong base to start from when good news starts coming.
Just curious, I could tell from your posting history some of the other boards you're on. :)
Hope the current life is better than the former whatever form it took.
So what do you think of the reverse split. Most of the time on the pinks that is done to drain more life out of the sucker. Any reason to believe differently here?
Yeah kinda. :) I can get it switched.
So are you former member of the late Risk Capital Management group?
My bad, I was just looking up the info off of Pinksheets.com. They had some of the new information, so I was assuming that was correct too. Guess not. :)
That's the kind of stuff you get from CEOs like Mr. Potts I guess. Check this out:
http://www.sec.gov/litigation/litreleases/lr15693.txt
I wouldn't touch this stock with a monopoly money.
nevermind
The ask has been at .01 for months. All the volume was at the bid, probably tax loss selling.
IMO the reason high price oil is here to stay is obvious. Oil is an international commodity and the USD is in the toilet. Prices on domestic items and things may be slow to change, but you can't do that with oil.
It is the same for the major markets, the only reason they appear to be up over the past couple years is the dollar has been tanking. We probably have less real value in the market than we did before. This isn't going to change any time soon. We are heading "into" another recession which in reality is just the same one we we've been in for years that we didn't really escape from. Add to that the potential collapse of the US Banking system due to the sub-prime mortgage fiasco and you are looking at a decade for the dollar to fully recover. I don't think it ever will.
I'm just glad I am heavily invested in something like oil right now. Go HMGP!
LOL, you found me. I'm squatting. :)
I figured someone ought to grab this board just in case there is a show, but so far we've bought tickets to an empty circus tent.
HOSS doesn't exist anyway right? They are right up there with Sector 7 and the Men in Black.
There probably isn't any way to know if the start date of the TV spots that began today was in total control of Keith or not. However, since it is paid programming I would bet it is pretty likely. Which, as you imply, could mean interesting things for the near future if he has now chosen to begin a serious PR push. We are probably looking at the next couple of months not weeks, but still I'm keeping my eyes open.
On a different note, I ran into this very interesting article on Digg about how Wikipedia is suppressing information about NSS. Long, but another must read. It relates to the Overstock.com guy who is behind the 'Darkside' flash presentation about NSS which I posted a link to earlier. Everybody make sure you 'Digg' the article, even if you have to sign up!
http://www.digg.com/tech_news/Wikipedia_black_helicopters_circle_Utah_s_Traverse_Mountain
I saw the TV spot this morning on KJZZ.
I had to pick it up over the air since I don't have cable and it was a little fuzzy. It wasn't the WBR spot as some have reasonably wondered. It was a new, shorter piece with some guy name Wayne. :) It looked like a half hour show with pieces on a number of different companies. I didn't catch the name of the show and Hemi didn't show up until about 20 minutes into it.
It was an interview with Keith interspersed with video clips and stills of Hemi operations. It was nicely done, though obviously a paid programming piece. They discussed the concepts of EOR on mature fields where new technology can get to the rest of the oil that was previously unrecoverable. As in the other interview, they talked about the ever-present need for oil going forward despite alternate energy sources. They also focused on Hemi's presence in rural, small towns 'where the oil is', Hemi's efforts at remediation and it's good relationship with the landowners.
Over all there was nothing new, but it was the kind of piece that would make someone who hadn't considered it before, stop and realize that oil would be a smart investment right now, and presented Hemi as a domestic, environmentally friendly way to do that.
Keith did a good job and kept it low key. I'm probably exaggerating this, but at the end of the spot before Hemi, the guy seem to practically be begging for new investors/money, i.e. "nows the perfect time to invest in ...". Keith didn't get into any of that, just painted a good picture of who Hemi is and what Hemi does.
Familiar to many of us, but a must watch to those learning about NSS:
http://www.businessjive.com/
Of course we know they never ever give you a ticker symbol that makes sense or that you want, so this is a long shot.
That is similar to another response I got elsewhere. If you are doing this as a precursor to a rollover, someone said to have it issued to something very specific in regards to the rollover.
I know you can roll certs over to another IRA, putting them back into the same account again is a little different, but should be the same technically.
I think you have hit the crux of the problem with the 'persuading the broker' side of it. However, that is why rolling it over to a different IRA would make sense. However, I wouldn't put it past them to screw it up for you on purpose.
Thanks @ everyone!
Traditional IRAs let you remove assets without penalty if they are replaced within 60 days in the same or new IRA. If it is a new IRA other rules apply because it counts as a rollover (the once per year rollover limitation). From my reading this includes stock certificates if you put back in the exact certificates that came out.
If anyone is familiar with IRAs I'd love a second opinion before I request a 1M+ share cert.
You meant two complicated, of course.
Agreed. I've done the same thing essentially.
Ovidius, there was bid-wacking all day and another large AH trade. Same story as the past 5 months, what's surprising about that?
A few weeks back someone posted a bunch of info about Knight and their open responses to the proposed SHO legislation. There was something in there about shorting at the bid. I think whatever it was became the loophole in regulation SHO, which is why we always see it as bid-wacking. Just a thought.
I think it is important, especially after a recent PR, to make sure some of the finer details are made more obvious. I didn't mean to direct that specifically at you zguy. Your posts are as insightful as xtrapinks are informative and vice versa I'm sure. It is just part of my Jedi training to get pessimistic 5 days into a run.
I think some of it is frustration with the whole iHub format. Hrmmm. Perhaps I should focus my energies in that direction.
I guess my real problem is I get the feeling people are trying to 'talk up' the share price. I think that is counter productive in the long run.
Especially, when it would all be moot if Keith could just get us to 5000 BOPM and continue to grow from there.
I agree our true value is in the reserves. I understood what you were saying, I guess I just don't agree.
I don't believe we will go beyond our previous highs on 'knowledge and understanding', not on the pinks. We have 120%+ of the float locked up because of that knowledge and understanding. We already have 'proven' reserves that indicate our market cap is substantially undervalued, not even including the fact those reserves have increased by a factor of 5 or better. Sadly, none of those things translate to share price.
There has been a glut of cheap shares which has moved the share price down. If anyone still doubts the link between the AH trades and the downward pressure on the SP then they are crazy, IMO. It lets up for a few days and we were up 80%! I believe the only way for it to stop (other than voluntary cessation by the perpetrators) is to see sustained increased buying, the only way to get sustained increased buying is through serious production numbers.
I'm not one to be whining for prod numbers, I don't think we'll see them for months and that's fine by me. I'm here for the long haul. I just don't think we are going to get the 'understanding' you are talking about until we see production from those leases. That means more wells, more infrastructure, more everything. All of that is happening. As Realperson said, now is the time to buy, before it does. However, until it does, I have no serious expectations for HMGP the stock. You can call me a pessimist, but I just call it being long and realistic.
While I agree with most of that, how many opportunities did we miss this summer that might have happened with more $$$ from production? Someone just said how this industry is all about growth. You can't fund continued growth constantly on restricted shares.
You can, but why when you could be doing it off of revenues?
Or if you insist on using shares, which the 50% increase in O/S this past year proves that Keith does, then wouldn't it be better to use restricted shares when the share price is over $1 than $.15?
The share price isn't going to increase on talk about reserves and leases, it is going to increase on revenues only. I can't think of any situation where increasing production and revenues would be bad for us. It increases our share price, leasing capability and overall growth. It also increases our buyout price, IMO. As proven as 'proven' reserves are, recent production is better. I doubt a couple of years of production would seriously hurt the reserves.
I think you've summed it up accurately.
I'm not saying he is. I am saying he has and that he can do it more if he wants to. Why? He gets $$$.
Earlier in the year? You mean last year, 2006?
#2
O/S = 499,923,790
Float = 261,151,707
O/S - Float = restricted shares = ~238M shares.
Who do you think owns the remaining 238M restricted shares? A few million are undoubtedly owned by (ex)employees, but I am sure the vast majority are owned by Wilf who started the company and bought the shell with his own money. I'm guessing he's got at least 200M restricted shares, maybe more, maybe less. There could be large chunks owned elsewhere through private placements. Regardless, Wilf/Deep Blue controls hundres of millions of restricted shares that he can un-restrict and sell into the float any time he wants to. Well, not any time, there are limits of course, but he knows how if anyone does.
If you'll notice the very large formT trades posted just after close are very often a sign of this and have been in the past with DPBM.
Nice detailed summary. I linked to it at the bottom of the iBox.
They call him coydog, coydog, faster than lightning,
No-one you see, is smarter than he...
(If you don't get it, please don't ask. It isn't funny enough to be worth explaining.)
Regardless, I think that coydog has reiterated an important point. While Hemi has made tremendous strides on the leasing front, the weather thing really threw a wrench into things - much bigger that I thought originally. Because of the seasonality of the work, I think it set the over all plan back the better part of a year development wise. Still, there is a lot they can do between now and next spring, but simply getting back to previously expected production levels will be worthy effort.
They'll get it done and more. Just those 30 'mature' wells justify 2-3 times the current market cap. Give them some time to de-water and start producing and then we'll actually have some production numbers people keep whining about.
In fact, I'm willing to bet that the PR was released earlier than planned because of that little slip.
Perhaps the whole reason they are being so secretive about the location is that it is probably in the territorial waters of some country that controls all the information released and they went behind their backs to put out that PR.
?
Try reading back through the chain.
If you don't get it, then I can't help you.
P/E ratio? That's $2M net worth, not earnings.
Regardless, there is no such thing as P/E ratios on the pinks.
Don't own any and don't want any at this point. It is one thing to say they've brought up X amount of stuff. That's fine.
To say they are 'just scratching the surface' or 'just getting started' is pure speculation. It is the same crap everyone has been falling for, for 2 years. It's playing with people's emotions. Yet people just suck it up.
for all we know they will find gold soon
...for all we know they won't. Again pure speculation and this is a speculative play. I call it like I see it and I don't see that anything has really changed.
LOL. You better hope he finds more than that, because that $2M is worth about $.004/share. Let's be generous and add in $1M for owned equipment and we've worth about $.006/share.
Now that's exciting.
A few users here own 110% of the float and you say there has been a sell-off? We must have owned 200% of the float before this sell-off to still have 110%.
I don't think you can call NITE artificially increasing the O/S a sell-off.
I can't think of any better way to incite a sell-off then to start yelling DO NOT SELL.
:)
While I agree, I think everyone should go start a new hobby, quit posting and quietly wait it out.
I would wait 10 years for that, no problem. :) However, I'll still settle for a few bucks this year.
LOL. True. We only get to spout off here occasionally to keep ourselves busy while we wait.
Agreed. If they are that close why waste the PR or its punch.
I agree. The guys were working hard and steady all last fall. They have tons of great things going on. Any number of things could happen between now and then.
They gave a number of great PRs last fall on their progress. I expect any we see will be much better than those of last year. If not, I can wait. I've even got a few dollars waiting to see how stupid NITE can get.
No, not really. Obviously something came up with that well, whether technical difficulties or who knows what. They'll get it worked out or the won't, it's just one well. I'm not expecting jack out of HMGP at this point until late next spring.
I just passed the year mark when I bought my first HMGP shares. A few more weeks and we'll hit the anniversary of when I purchased 500K in one big chunk at $.02. I've added quite a bit since then and sold off everything I can't hold for at least 2 years (like 6% of my peak total).
Now I am just waiting. Would some great surprise news get PR before next year, then great. However, I'm not expecting it. Right now it's just a waiting game between me and NITE. It may take another year, maybe two before we have exponential revenues that would force the issue. It might be a month, but I doubt it. So until then I wait.
I think I've got more patience. I can wait until HMGP has profits of $.25/year a share, I don't think NITE can.
:)
-PE
Sell shares to pay their salaries until the shares run out.
The chart is flattening out, I wonder if that is a sign they have little left to sell.