Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just to put this to rest, OCT 15th means absolutely nothing to HMGP. Nothing.
It is a small change about grandfathered short positions that were in place BEFORE the SHO regulation came out. Hemi wasn't even a public company when SHO came out, so I really, really doubt there is any grandfathered short position that will need covering.
Regardless, the loopholes that allow them to continue to short as we speak are not going away. So all of you who are expecting something are just setting yourselves up for another big drop when nothing happens.
What else do you do with a shell?
Something everyone missed in the last HMGP PR.
We are aware that some shareholders have issues and are concerned by after-hours stock trading.
There is more here that meets the eye, although quite obvious when you think about it. To assume that both parts of this sentence refer to after-hours trading would be incorrect. For that to be the case an additional preposition would be needed to tie both phrases together. It would read...
We are aware that some shareholders have issues with and are concerned by after-hours stock trading.
However, lacking this preposition the statement could just as correctly be read expanded to...
We are aware that some shareholders have issues and that some shareholders are concerned by after-hours stock trading.
Now that we see the statement in this light, we can analyze the parts separately. It is the first part that I find meaningful.
We are aware that some shareholders have issues...
In other words Keith is saying, IMO, that he believes some - or possibly a large portion of HMGP shareholders - are complete nutjobs, headcases, fruitcakes, etc.
Like I said, it is obvious in retrospect. I have observed this to be the case having read the board for nearly a year now. However, you must give the man credit for coming out in a public, paid for Press Release and stating that the shareholders are crazies. :)
Have you done anything besides lose money in this stock? I'm not sure I want to learn that.
Not unexpected, just late! ;)
Gulfbreeze is making an effort to get things under control. I suggest you all read the Terms of Use as he has already started cleaning up the posts that violate them.
This specifically includes no personal attacks against other posters. You want to yell at someone and call them names, do it in a PM. If you don't have PM priviliges, then I guess you'll have to keep your mouth shut, sorry.
If that's true just think of all the money he has saved people in the past 6 weeks!
Too bad he wasn't posting a year ago, he could have saved folks millions and millions overall!
As far as I know there is no way to tell why someone is banned/terminated or see a list. You can see who is banned from a given board up at the top of the board.
In my experience most terminated users are multiples and most banned folks have violated the Terms of Use.
Most of the stocks I am watching lately move slowly enough that 20 minute delay doesn't hurt.
There are various services that can be as much as $80/month or more for live data. Some of them are better at big board stocks and a few are good at pinksheet/otcbb.
I am not currently using such a service myself so I haven't looked into it in depth. I have heard good things about http://www.microcaptrade.com, but they are $120/month for their platform that includes Level2.
Only if someone was selling 150M at one time. Every transaction has two sides a buyer and a seller.
The bid and ask prices are actually listed with a 'size' which states how many shares are available at that price. (On the pinks that size isn't always exactly correct and I think it is listed as units of 100 shares.) That is what people mean when they talk about 'depth' or Level2 (L2). You can see what the other bids/asks are which are not the current highest/lowest bid/ask respectively.
You can see this information 20 minutes delayed here sometimes:
http://www.allstocks.com/html/free_level_2_pink_sheet_stock_.html
Actually your math makes a huge incorrect assumption. There is no way that the company could buy back 150M shares with out the price going up. They wouldn't be able to buy back 1/5 that many shares. It depends of course on how slowly they approached it, but regardless they could hardly make a dent in the O/S with $1M.
Then when they were done it would crash all over again. It doesn't matter as I sincerely doubt they would do it in the first place.
Management is very much aware that it is behind schedule in producing the last two new wells and is diligently striving to correct the mechanical problems and the attendant delays in the completion process. We strongly believe we will finally be able to bring you completion information and production results about these wells next week.
To have actually come out and said that in the PR and then have further problems is ridiculous.
More mechanical issues. Sorry, but I see this as delay tactics or incompetence. I would believe the incompetence, except that it is Craig actually probably doing the real work and he is anything but incompetent.
There isn't any problem buying today. It is just that folks were waiting for Keith to come through on at least one semi-forward looking statement and he didn't. Lame.
Only 12k shares traded. The Market Maker needs to lower the price if he wants to sell more shares.
No you are totally right to suspect something odd as I doubt it was a coincidence.
Perhaps they were matching you up with someone doing a sell at that price which was AON (all or nothing) and they just picked up the extra shares to make it work.
I just searched on 'formT' and the first sighting was by me on 5/14. I glancing at the chart, that was right as we were coming down after the spike that occured when we first found out about Wilshire. I was probably wrong in my analysis at the time, having seen them at the bottom before NVMGs big run. So I was thinking it was accumulation of shares. Apparently not.
I know some people were speculating before about Wilshire, but I never went back to look. Now I am a touch suspicious.
Yes, they certainly weren't occuring during our run up, Dec - spring. I don't think they actually started until May right after the Wilshire thing was first announced. First time I saw them was 5/14 or so.
I was watching thing pretty closely in Oct/Nov too, but AH trades may not have been something I was cognizant of back then. So, even if they were happening I may not have noticed. Even so, I think you are right I don't thing they were happening in 2006.
Happy to see us rising, even a little, while the AH goes on. I think if it persists it may be the 'trigger' that starts them covering, similar to what may have happened last December.
I couldn't find any historical Time and Sales data, but I am curious if such AH trades were occurring back in Oct/Nov when we know they were handing out air-shares.
Scottrade shows what iHub shows. No 100K at .17
The final lot was listed as 50k...
Was listed where? In your account? In the time & sales for SYGG for the day?
I'm guessing you mean the later and if so your first guess is most likely correct that it was combined with another order.
Sorry, I'm calling BS, unless he works for iHub itself.
Going to have to write this one up for my favorite computer anecdote site:
http://www.rinkworks.com/stupid/
PS. Nor can you tell anything from a yahoo based email address.
I'd add one thing to that Gregory. The float is only 50% of the O/S or so. We know 50M of that went to someone early on to get the Woman's Key(?) or some other contract.
That still leaves a lot of restricted shares. I think Wilf has a bunch of these. I think that was where part of the last batch of 50M shares sold came from. I may not have it quite right, but I thought he returned a bunch of the restricted stock to the company. So my point is there may be stock to sell to fund operations for a while longer than the 3 months.
Of course, that changes little. More share to sell into the float is hardly a positive thing.
That particular block of shares is still green. Do I wish I had sold it at .72 or .55 or .25 for that matter? Yes, but I haven't lost any money.
It's more expensive shares, recently bought at twice these levels that make me sick.
Welcome to the pinksheets.
I bought 500K shares in one order that way (of HMGP).
They will not come up to fill it, their goal is to bidwhack.
Good info. The float has increase 125% or 57M from 46M since mid-December. That is about the same increase as in the O/S.
These guys are just living on dilution. I feel sorry for anyone that's been holding this POS from the beginning.
Because the current shareholders are tapped out. The MMs slowly but surely bring it down, so that each week we get even cheaper 'cheapies' that everyone can't wait to buy more of. They've soaked up any buying pressure there was.
On top of that there are a good number of folks who got burned on the last pop who are probably more cautious now. I don't buy into a stock, regardless of how good the news is, unless it is moving up. Why buy today if tomorrow it will be cheaper?
On top of that, the news is about future prospects. If they were selling that gas today, then things would be different.
Thanks for the update. I've been riding coattails on this one, so I appreciate the effort people have put in to keep up with things.
You are correct. This is the pinks everything pops occasionally. They can't keep people interested otherwise. I wouldn't be surprised if we doubled from here, depending, but I wouldn't guess as to when.
Since it seems that almost everyone is feeling somewhat civil. I propose we try (again) to keep the discussion within the terms of use. Specifically the personal attacks. I don't really care if we get off topic, but lets give up the blatant name calling of other ihub posters.
Gulfbreeze, feel free to delete posts as you see fit. I'll try to keep up better during the day.
FYI, the TOU specifically regulates attacks against other posters. Wilf, the president and anyone else outside iHub is fair game, so live with it.
I've got to run, so have a good weekend all.
I was still catching up on posts and hadn't noticed you already had. Sorry.
HMGP
I heard about it before it took off. I got in with and average under $.04 last fall. I still have a lot of my shares but have sold some too.
You would never believe who gave me the tip.
True, but those are the kind you don't want to own while they are doing it. I understand the lotto ticket thing where maybe this could suddenly explode giving no people time to get in. That was the only reason I was holding any shares. But otherwise I personally wouldn't touch a stock that was living off dilution, they only go down down down.
I've owned one pinksheet now for almost a year straight. They have increased the O/S by 40%. But almost every share went directly to increasing their assets and they are worth 10x what they were before. That is how you are supposed to use shares.
No the 10M was a loan regardless of how you look at it. It had to be paid back with oil revenues. The 25M shares was just an additional 'fee'.
Someone asked why Wilshire would want 25M HMGP shares? Why not if you are trying to get them for free. I'll take any amount of shares of any stock you want, if you want to give them to me for free.
I applaud Keith for telling them no. While I am sick of waiting for some things, I'd wait and extra year or two to get where we are going rather than give those bastages free shares.
0.0077 1100000 OTO 15:34:45
Tommer that is not the MMs buying shares. That is an 'early' version of the after hours posts we saw for weeks during the dilution. In fact, I saw them early on a number of tickers today, probably because of the holiday.
These trades have been explained a few times and so far have directly correlated to when Wilf had turned over a bunch of shares to be sold to raise more cash. A single, very large trade at an odd price lower than most of the trades during the day. It is some kind of accounting they are doing to cover the shares they sold during the day in behalf of the company.
If it continues we certainly will be at .005 soon as others have said.
That was almost coherent, water boy! Lay off the caps and I'll start believing there is some thought going on behind the posts.
Basher basher basher!
If you don't own shares why don't you just go away!
Wilf ROCKSSSSSSSSSSSSS!
You're just trying to bring down the share price so you can buy more. You'll be sing a different tune after you buy back in.
You're just Ed posting under a different name!
There I just thought I would beat the triumvirate to the punch. Funniest thing I have seen all week!
LOL. Yes, he meant stable. I read it that way at first too.
That's all Gulfbreeze. :)
Like a number of Wilf's sites, this one has gone offline recently.